Ind Ra affirms Equitas Small Finance Bank's short-term issuer rating at 'A1+'

12 Aug 2022 , 12:14 PM

Equitas Small Finance Bank Ltd stocks trade flat at Rs43.60 per share on Friday after the India Ratings and Research (Ind-Ra) has affirmed its credit facilities.

According to the rating rationale report, Ind Ra has affirmed Equitas SFB’s Short-term Issuer Rating at ‘IND A1+’:

The Chennai-based Equitas is a small finance bank, with 876 banking outlets and presence in 18 states and union territories at Q1FYE23.

On Friday morning, the scrip opened at Rs43.20 per share and  touched intraday high and low at Rs44.25 per share and Rs43.20 per share on the BSE.

Previously, the scrip ended at Rs43.60 per share on the BSE platform.