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Suryoday Small Finance Bank IPO: BIG boost for Rs 582 cr public issue! SFB raises Rs 170 13 cr from Anchor Investors

Suryoday Small Finance Bank IPO: BIG boost for Rs 582 cr public issue! SFB raises Rs 170.13 cr from Anchor Investors zeebizindia@gmail.com (Zee Business) © Provided by Zee Business Suryoday Small Finance Bank IPO (Initial Public Offer) has opened for subscription today and one can bid for the upcoming IPO till 19th March 2021. However, before the opening of Rs 582 crore worth IPO, the Small Finance Bank (SFB) has managed to raise Rs 170.13 crore from the anchor investors at an upper price band of Rs 305. Suryoday Small Finance Bank IPO price band has been fixed at Rs 3030 to Rs 305. The SFB informed about the money raised from Anchor Investors in a written press statement.

IPO week to increase volatility in markets

IPO week to increase volatility in markets ​ By Arun Kejriwal ( IANS) | Published on ​ Sun, Mar 14 2021 14:03 IST | ​ 5 Views   IPO proceeds in India rises 61% in 2020, sentiments revive in Q4. Image Source: IANS News Markets continued their volatile way in the four-day trading week gone by. We saw markets opening with a gap on Monday as expected but profit taking followed. The gains continued on Tuesday and Wednesday before the holiday on Thursday. Friday saw markets opening strong but were rattled by savage profit taking which saw more than half the weekly gains being erased. BSESENSEX ended the week with gains of 386.76 points or 0.77 per cent to close at 50,792.08 points, while NIFTY gained 92.85 points or 0.62 per cent to close at 15,030.95 points. The broader markets saw BSE100, BSE200 and BSE500 gain 0.43 per cent, 0.41 per cent and 0.49 per cent respectively.

Ujjivan Small Finance Bank launches women savings account, offers 7% rate of interest

URL copied Ujjivan Small Finance Bank launches women savings account, offers 7% rate of interest  Ujjivan Small Finance Bank announced the launch of Women Savings Account catering to the financial needs of women. ‘Garima Savings Account’, as the product has been named will offer multiple customised benefits to women including upto a maximum of 7% rate of interest on savings account.  Through this product, Ujjivan SFB aims to serve the financially aware and economically active women of mass market and become a companion in their day to day banking needs.  Garima Savings Account offers a higher cash deposit and free unlimited withdrawal at any Ujjivan SFB branch with no additional charges for non- home branch transactions. Customers would also enjoy unlimited free NEFT and RTGS transactions through internet banking and mobile banking. 

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