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EQUITAS MICRO FINANCE
Equitas Small Finance Bank shares rally 7% on 5-fold jump in Q4 profit to Rs 213 croreEquitas Small Finance Bank shares saw a significant 7% rise. This surge followed the bank's announcement of a substantial 406% increase in ...- Equitas SFB Q3 profit jumps 51% to Rs 94 croreNet interest income grew by 23% to Rs 384 crore while advances grew 37% to Rs 14,615 crore.
- Equitas Small Finance Bank files papers with Sebi for IPOThe IPO comprises of a fresh issue aggregating up to Rs 550 crore and an OFS of up to 8 crore equity shares by Equitas Holdings.
- Small finance banks may remain unscathed by farm loan waiversRBI had imposed restrictions on Bandhan Bank’s branch expansion as it failed to pare down the promoters’ stake to 40% within the stipulated...
- Equitas Holding's March quarter net profit rises four-fold to Rs 34 croreDuring the quarter, the company reported net profit of Rs 34 crore against Rs 7 crore in the same period a year ago. Profit in the March qu...
- We hope Equitas will be amongst the best banks, in terms CASA ratio: Vasudevan PN, Equitas Micro Finance"This year we think we will be able to grow at around 15% to 20%, even the microfinance will drop in terms of percentage contribution, the ...
- MFIs looking at risk of rising delinquencies, credit costs amid slow collectionsDemonetisation had slowed the disbursement momentum of micro finance companies, simultaneously raising the spectre of more delinquencies.
- Equitas Small Finance Bank to prepay Rs 3,000 crore debt to reduce fund costThe funds were raised at a much lower 9.5% average cost, which was about 200 basis points lower than its earlier borrowing cost of 11.5-12%.
- Equitas makes quiet start to bank businessAbout 50% of it is micro loans while 25% is used commercial vehicle loans, 20% is micro and small entrepreneur loans and the rest 5% is hou...
- Equitas to spend Rs 80 crore to open 412 branches“We plan to open these full-fledged bank branches in the next six to eight months while another 170 existing branches will continue as lend...
- Equitas gets final nod to start small finance bank"It is indeed a proud moment for everyone at Equitas to be a first Private Bank from Tamil Nadu and the city of Chennai," said P N Vasudeva...
- Small finance bank: Equitas Holdings gets HC nod for arms mergerIn September last year, the Reserve Bank had granted an in-principle approval to ten applicants alongside Equitas Holdings to start small f...
- Why Equitas valuation better than existing NBFC's?Unlike SKS which is a pure play micro-finance company Equitas has a diversified portfolio which includes vehicle financing, MSME financing ...
- Grey market brokers corner Equitas Holdings IPOGrey market anticipates Equitas to give huge listing gains as it is among the 10 companies in India holding license for exclusive micro fin...
- Equitas Holdings gears up to launch banking servicesChennai-based Equitas Holdings has begun preparatory work to enter the small finance banking sector, a top official said.
- Government clears 20 FDI proposals worth Rs 1,935 croreThe govt cleared Sterlite Grid's Rs 1,150 crore proposal to act as an investment co. Besides, the Board also cleared proposal of Equitas Mi...
- MFs turn to micro-finance investment for returns kickIn their bid to boost returns on fund portfolios, especially debt funds, asset management companies (AMCs) have started looking at investme...
- Equitas securitisation deal with ICICI Prudential MFICICI Prudential Mutual fund has invested Rs 48.12 crore in Chennai-based Equitas Micro Finance through a securitisation deal with the MFI.
- Equitas gets MFI transaction securitised and ratedEquitas Micro Finance India on Monday announced the industry’s first micro-loan pool backed rated securitization transaction with a princip...
- IFMR and Equitas complete rated securitisation of micro loansIFMR Capital, an NBFC based in Chennai and Equitas Micro Finance India have completed the first rated micro loan pool backed securitisation...
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