Equitas Holdings Ltd

Summary

Equitas Holdings Limited (EHL), the holding company of the Equitas Group of Companies, is a Non-Deposit taking - Systemically Important - Core Investment Company (ND SI - CIC) as per RBI Regulations. The company is the holding company of its subsidiaries, Equitas Small Finance Bank Limited (ESFBL) and Equitas Technologies Private Limited (ETPL). Apart from investments in the subsidiaries, EHL also provides loans to subsidiaries and also places deposits with its banking subsidiary Equitas Small Finance Bank Limited (ESFBL). Equitas Small Finance Bank Limited, formerly Equitas Finance Limited (EFL), commenced operations as a Small Finance Bank (SFB) on 5 September 2016. Prior to commencement of operations as a bank, EFL, a wholly owned subsidiary of EHL, operated as an NBFC. In order to comply with the conditions prescribed in the in-principle approval received from RBI to set-up the SFB, the other two wholly owned subsidiaries of EHL, viz., Equitas Micro Finance Limited (EMFL) and Equitas Housing Finance Limited (EHFL) merged into EFL to form the bank. The name of EFL was changed to Equitas Small Finance Bank Limited vide a fresh Certificate of Incorporation dated September 2, 2016. The strategy of ESFBL on the advances side is to stay focused on the low and moderate income segment of the population and roll out products relevant to their needs. The banks lending business is divided into 5 segments viz. Agri, Micro Enterprise & Inclusive Banking, Emerging Enterprise Banking,... Read More