'Small' isn't beautiful for small finance banks
Created in 2016 to direct loans to smaller enterprises, farmers and under-served segments, SFBs are required to mention ‘small finance’ in their names
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Created in 2016 to direct loans to smaller enterprises, farmers and under-served segments, SFBs are required to mention ‘small finance’ in their names
Equitas SFB share price today: The Equitas SFB stock closed at Rs 111.50 on Thursday, up 0.63 per cent on BSE. The scrip is up 21.15 per cent in the last six months and 88.17 per cent in the last one year.
Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.
The stocks that crossed their 50-day SMA on August 31 reflect strong market sentiment and growth potential.
Here are banks that have revised fixed deposit interest rates in August and are offering interest rates up to 8.6% for regular citizens.