Equitas, Ujjivan small finance banks: Long-standing demand may soon be met

After two years of multiple representations and listing their small finance bank (SFB) arms, there could be some respite for Equitas and Ujjivan — their SFBs and holding companies. With the Mohanty Committee on Friday (post market hours) recommending that a holding company (holdco) model need not be mandatory for all banks, the two SFB stocks rose sharply in Monday’s trade, up 12-20 per cent. They may gain on two counts, should the committee’s recommendation be approved. First, this allows for a collapse of the holdco and SFB, though analysts at Kotak Institutional Equi.....

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