What does Equitas Small Finance Bank do?
Equitas Small Finance Bank Limited(ESFBL) ESFBL, with pan India operations, is focused on providing financing solutions for individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all.
Equitas Holdings Ltd was incorporated as UPDB Micro Finance Private Limited on June 22 2007 at Chennai as a private limited company under the Companies Act 1956.
Is Equitas Bank safe?
The Equitas bank deposits are protected by the insurance program provided by the Deposit Insurance and Credit Guarantee Corporation of India (DICGC). A customer's deposits kept in the same capacity and with the same rights in all bank branches are insured up to a maximum of Rs. 5 lakh.28-Jun-2022
After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas Small Finance bank began banking on 5 September 2016. With effect from 4 February 2017, Equitas became a scheduled bank.
Is Equitas a good company?
The overall rating of Equitas Small Finance Bank is 4.2, with Job Security being rated at the top and given a rating of 4.0. However, Career growth is rated the lowest at 3.7.
Who is owner of Equitas?
Charges
What is Equitas bank interest rate?
Equitas Small Finance Bank NRO Fixed Deposit Interest Rates
Equitas Small Finance Bank The company has a market capitalization of ₹6205 cr and has made a profit of ₹281 cr in 2022. It has a P/E Ratio (TTM ) of 15.83 and an EPS (TTM) of 3.05. This small finance bank stock price has increased by 58.68% in the last 2 years.21-Nov-2022
Which small finance bank is best and safe?
Here are the top 10 small finance banks in India that offer competitive interest rates for fixed deposits:
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Is Equitas Small Finance Bank a good investment?
1. Is Equitas Small Finance Bank Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Equitas Small Finance Bank Ltd is a average quality company.
Capital Small Finance Bank
Is Equitas Small Finance Bank a good buy for long term?
As on 21st Dec 2022 EQUITASBNK SHARE Price closed @ 54.20 and we RECOMMEND Buy for LONG-TERM with Stoploss of 49.71 & Buy for SHORT-TERM with Stoploss of 52.52 we also expect STOCK to react on Following IMPORTANT LEVELS.
Equitas Holding Ltd quote is equal to 124.000 INR at 2022-12-21. Based on our forecasts, a long-term increase is expected, the "Equitas Holdings Ltd" stock price prognosis for 2027-12-17 is 217.857 INR.
How is Equitas bank performance?
Net interest income grew 23% at Rs 552 crore as against Rs 449 crore in the year-ago quarter. Operating profit was at R. 284 crore against Rs 250 crore for the same period. The bank said its credit costs normalised to the pre-pandemic level with asset quality improving sequentially.04-May-2022
1,00,000 per day from your account. This is the maximum limit as set by your bank. Upto 10 transfers per day allowed from your account. This is the maximum limit as set by Equitas Small Finance Bank.31-Oct-2022
What are the 4 types of bank loans?
Types of secured loans
What is the difference between a small finance bank and a commercial bank? Commercial banks do not have restrictions on the customers that they need to serve, whereas the target customers of small finance banks are unorganized workers, small businessmen, small farmers, micro small and medium enterprises.
What is the limit of small finance bank?
Further, in order to ensure that the bank extends loans primarily to small borrowers, at least 50 per cent of its loan portfolio should constitute loans and advances of up to ₹25 lakh (US$34,000). After the initial stabilisation period of five years, and after a review, RBI may relax the above exposure limits.
What does Equitas Small Finance Bank do?