EQUITAS- small finance bank

  • https://www.equitasbank.com/personal-banking/save/savings-account/
  • https://www.equitasbank.com/about-us/
  • https://www.equitasbank.com/important-information-for-customers/
  • Equitas Small Finance Bank Limited operates 15 branches in Bangalore out of its network of 91 branches in Karnataka and 914 branches across India.
  • Who is the owner of Equitas Small Finance Bank?
    Tune in to the second of our two-part podcast series with PN Vasudevan, MD & CEO, of Equitas Small Finance Bank.
  •  He narrates his journey from a professional to a promoter and what went through when he was building Equitas, as a Microfinance company and subsequently as a bank.
  • https://www.thehindubusinessline.com/multimedia/audio/know-your-banker-pn-vasudevan-md-ceo-equitas-small-finance-bank-part-2/article66658703.ece#:~:text=Tune%20in%20to%20the,and%20subsequently%20as%20a%20bankIs Equitas Small Finance Bank safe?
    Yes, investments in fixed deposit schemes of Equitas Small Finance Bank are considered safe by several Indian investors.
  •  Registered with the Reserve Bank of India, Equitas Bank offers different types of FD schemes that are backed with an insurance cover of Rs. 5 lakh by DICGCEquitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. 
  • The Bank has its headquarters in Chennai, and is a subsidiary of the holding company Equitas Holdings Ltd.
  • What is the full name of Equitas bank?
    Equitas Small Finance Bank Ltd Summary. 
  • Equitas Small Finance Bank Limited was incorporated on June 21st, 1993 as V.A.P. Finance Private Limited and later renamed as Equitas Finance Private Limited in August, 2011.
  • The safety of small finance banks depends on several factors: capital adequacy ratio, 
  • net stable funding ratio,
  •  liquidity coverage ratio,
  •  CASA ratio,
  •  gross NPA ratio/net NPA ratio,
  •  provision coverage ratio and leverage ratio.
  •  While the last three factors should be as low as possible,
  •  the first four should be as high as possible for a bank to be safe. 
  • In the second quarter of the Financial Year 2023,
  •  Equitas Small Finance Bank Limited 
  • saw a 37% increase in advances to INR 31,231 cr. 
  • Its deposits rose 42% to INR 30,839 cr.
  •  Ujjivan also saw a double-digit year-on-year growth.
  •  It recorded a 27% growth in advances to INR 26,600 cr from INR 20,938 cr in the year-ago periodOf the list shared, Fincare Small Finance Bank Limited is one of the small finance banks that has a high interest rate.
  • Equitas Small Finance Bank has 23,596 employees as of Jul 24.24 Aug 2024
  • Equitas Small Finance Bank Banking Officer salary in India ranges between ₹ ₹1.3 Lakh to ₹ ₹4 Lakhs with an average annual salary of ₹ ₹2.7 Lakhs.
  •  Salary estimates are based on 39 Equitas Small Finance Bank latest salaries received from various employees of Equitas Small Finance Bank.
  • Is Equitas bank good to work?
    Equitas Small Finance Bank is rated 4.1 out of 5, based on 97 reviews by employees on AmbitionBox. Equitas Small Finance Bank is known for Job Security which is rated at the top and given a rating of 4.1. However, Career growth is rated the lowest at 3.7 and can be improved.

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