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PN VASUDEVAN EQUITAS
If rates stabilise, our NIMs should be fairly comfortable going forward: PN Vasudevan, Equitas SFBEquitas Small Finance Bank's NPA increased from 2.21% to 2.39% in the third quarter due to a securitisation transaction. They expect slippa...- Equitas Bank loses 28% of market value after founder-MD PN Vasudevan announces plan to step downVasudevan’s current term will come to an end in July this year and the board has decided to seek a one-year extension for him—instead of se...
- Equitas SFB Managing Director & CEO PN Vasudevan to step down"I request the board to look for a successor to my current position. I would be happy to be of help in identifying my successor, who, I am ...
- Equitas Small Finance Bank sees 13% rise in gross loan portfolio“The demand for loans from the informal sector borrowers continues to remain very strong," managing director PN Vasudevan said.
- Equitas SFB aims for 45% CASA through fintech tie-ups: CEOChennai-based Equitas Small Finance Bank plans to improve its low-cost current and savings account (CASA) deposits to close to 45% of total...
- Equitas SFB collection efficiency drops to 78% in MayCollection efficiency stood at 77.84 per cent in May 2021, as against 105.16 per cent in April, Equitas SFB said in a regulatory filing.
- Equitas Small Finance Bank IPO to be launched once business normalcy is restored"We have enough time for completing the IPO. But we would like to do it as quickly as we can," managing director PN Vasudevan told ET.
- 70% of Equitas Small Finance Bank borrowers on asset classification standstill pay up dues“70% of these borrowers have paid the instalments to become a non-SMA account where there are no overdue, that is giving us a a very positi...
- 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 Holdings confident of listing small finance bank by MarchRBI had imposed regulatory action, restricting remuneration of MD&CEO and putting a cap on branches.
- Existing Equitas Holdings shareholders to get 60% ownership in Equitas Small Finance BankThe bank plans to list its shares by September 2019 as directed by Reserve Bank of India, without going for an initial public offer.
- Equitas Holdings shareholders to get 60% ownership in Equitas Small Finance BankThe bank plans to list its shares by September 2019 as directed by Reserve Bank of India.
- Non-MFI book to support 50% of our growth this year: PN Vasudevan, Equitas Holdings“Next year onwards microfinance will start growing again but albeit at a smaller rate.”
- Equitas Small Finance Bank launches Selfe Fastags for toll payments“We have named the product Selfe Fastag, which will allow any bank customers to procure Fastags from our bank from the comfort of one’s hom...
- 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 ...
- Equitas SFB ropes in R Ashwin as brand ambassadorR Ashwin will endorse Equitas’ products and services through advertising campaigns and other promotional programmes.
- 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...
- PN Vasudevan, MD, Equitas: The model millionaireIn a world where everyone seeks a salary hike whatever the company’s performance, Vasu surprised his board with request for a pay cut.
- UK fund invests $16 million in MFI EquitasUK-based CDC Group has invested $16 million (Rs 99.6 crore) in Chennai-based microfinance institution Equitas, the development finance inst...
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