Suryoday Small Finance Bank Unlisted Pre-IPO shares

Provides banking services
Provides banking services

Suryoday Small Finance Bank is a new age bank that went live on 23 January 2017. In the past, it was known as Suryoday Micro Finance.  It is among the 10 companies and the only one from Maharashtra to obtain a ’Small Finance Bank’ licence from the Reserve Bank of India (RBI).  The bank has high profile institutional investors and private equity investors including ASK, HDFC, IDFC Bank, IFC, Lok Capital, Gaja Capital and TVS Shriram.

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Net worth as of March 2017 is Rs. 505 Crore (provisional) with an Asset Book size of Rs. 964 Crore, Capital Adequacy ratio of 53%. and credit ratings A- / A1 by CARE as on date gives credence to prudent and professional financial management practices.

The bank’s endeavour is to bring the best banking solutions to the ‘banked’, ‘under-banked’ and the ‘un-banked’ sections of the society.  The bank offers existing credit products suite of MFI loans, Vikas Loans, Shopkeeper Loans etc. to new and current customers. Offer digital banking as the key account differentiator to customers using the extensive seeding of Aadhar biometric identification system, NPCI’s payment systems and mobile technologies whilst continuing to explore banking through traditional channels. Focus on the unserved and the underserved through innovative banking practices.

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PayTM Payments bank to go live on 21 February 2017

Paytm Payments Bank Ltd, which got a final approval from the Reserve Bank of India last month to run and operate a payments bank in the country, will start commercial operations on 21 February 2017.

For buying or selling shares of Fino Paytech or any other companies, please click on buysellunlistedshares.com/buysell/

Rivals such as Airtel and India Post have already launched their operations and have been pushing it through massive advertisements and campaigns.

Other applicants such as Fino Paytech, National Securities Depository and Mukesh Ambani-led Reliance are also likely to launch their respective banks by May.

Paytm Payments Bank plans to leverage its wallet business that will soon get merged with the banking entity.

Fino Paytech is touted to be the biggest beneficiary of Demonetisation
https://buysellunlistedshares.com/2016/11/21/fino-paytech-demonetisation/

Fino Paytech applies to RBI for final licence of payments bank

Fino Paytech applied for a final licence to the Reserve Bank of India (RBI) on Wednesday to start payments bank operations, which it expects to begin in the next two to three months.

The company will launch across 30 cities and four states which include Maharashtra, Uttar Pradesh, Bihar and Madhya Pradesh through our 400 branches. FINO intends to add 5 to 10 million customers to the existing base of over 28 million active customers.

The company provides a wide range of financial and large scale enrolment services such as door step banking, biometric banking solutions, remittances, lending, insurance, unique identification enrolments and direct benefit transfer payments through over 30,000 transactions points across more than 500 districts in the country.

So far only Airtel Payments Bank has started operations and Paytm Payment Bank has received final approval from RBI.

Fairfax gets approval of RBI to acquire 51% in Catholic Syrian Bank

CSB unlisted shares
CSB pre IPO unlisted shares in demand

Canadian billionaire Prem Watsa-led Fairfax Financial Holdings has received approval of Reserve Bank of India (RBI) to acquire up to 51% stake in Kerala-based Catholic Syrian Bank (CSB). Foreign direct investment in private banks continues to be capped at 74%.

There exists a pre-IPO investment opportunity in shares of Catholic Syrian Bank. For buying or selling shares of Catholic Syrian Bank (CSB) or any other companies at best rates and quality service, please click https://buysellunlistedshares.com/buysell/

The proposed Rs 1,000 crore investment will allow CSB to increase its assets 10 times. The bank’s focus will be on small and medium enterprises, gold, and retail, while it may not be aggressive on corporate lending.

During the first half of the financial year 2016 -17 Catholic Syrian Bank has registered the highest ever net profits during the first half, in the entire history of the 96 year old organization. Backed by surge in treasury profits on account of favorable interest rate movements, effective management of stressed assets, improvement in CASA and asset growth and strict control over operating expenses, the bank has recorded a net profit of Rs. 53 crore in H1 of 2016-17 as against a loss of Rs. 41 crore during H1 of previous year. The operating profit of the Bank for the first half was Rs. 95 Crore.

Some of the well known shareholders of Catholic Syrian Bank include LuLu Group MD Yusuffali M.A., Federal Bank, Bridge India Fund, and Edelweiss Finance and Investments.

Catholic Syrian Bank is a full service bank offering Neighborhood Banking, NRI Services, SME and Wholesale banking services through it’s 430 branches and 240 ATMs across the country.

Unlisted Shares of Fino PayTech: The people’s bank selling like hotcakes

FINO Paytech to start payments bank operations from April
ICICI Prudential, Lombard to acquire 12% stake in Fino PayTech

FINO PayTech intends its payments bank avatar to reach the unserved and underserved. Rishi Gupta, CEO & MD, of FINO PayTech believes his company’s track record in financial inclusion gives it an upper hand over other prospective payments banks.

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In 2006, when the Reserve Bank of India (RBI) issued guidelines allowing banks to employ business correspondents (BCs), it not only gave them a strong tool to work with, it also empowered the largely marginalised customer. BCs could carry out a range of services and transactions on behalf of banks for a wider consumer base, getting a commission for this service.

FINO PayTech was incubated as such a BC by ICICI Bank in July 2006—with a seed capital of Rs 15 crore—out of Navi Mumbai. The acronym FINO stands for Financial Inclusion Network & Operations, and financial inclusion is what took this freshly-minted BC to the bustling Chandni Chowk market district of Old Delhi soon after.

Fresh from its first project of opening accounts for slum dwellers in Mumbai, on behalf of Union Bank of India, a FINO team had gone to Delhi to explore business opportunities.

A chartered accountant by profession, the 47-year-old Rishi Gupta was roped in by ICICI Bank as FINO’s chief financial officer and president (sales) in 2006. He came from a three-year stint at International Finance Corporation in New Delhi, having worked on budgeting and project finance. Manish Khera, a senior ICICI banker, had founded FINO and was CEO till he quit in 2013. He thereafter briefly worked at FINO’s now rival Airtel Payments Bank before taking up other entrepreneurship ventures.

FINO, along with 40 other firms, had applied to RBI for a payments bank licence and, last August, the central bank gave ‘in-principle’ approval to 11 companies, including FINO. It will now submit an application to the RBI for final approval—they have till March 2017 to set up the bank. They would need to disclose details of the payments bank’s equity structure, its investors, the head of the bank and a detailed business plan including rollout of operations.

It also has a strong roster of investors, including The Blackstone Group with a near 20 percent stake, ICICI Group (15 percent), Intel Capital, Headland Capital Partners, IFC, Indian Bank, Life Insurance Corporation of India (LIC), Union Bank of India and Corporation Bank. FINO has raised capital four times between 2007 and 2011.

Source: Cover Story in Forbes India 19 August 2016 issue
http://www.forbesindia.com/article/work-in-progress/fino-paytech-the-peoples-bank/44013/1