Eight out of the 10 who got a licence have begun operations now, the latest being AU Small Finance Bank in September this year. One year since the purge of cash, MFIs and even those that have turned into small finance banks are still reeling under the blow. Cost of borrowing for the three small finance banks has indeed come down. Given this background, the stocks of these small finance banks look like they need a reality check. Ujjivan’s stock has gained 20% in the last four months and that of AU Small Finance Bank has gained 15%.

Source: Mint November 24, 2017 02:03 UTC