For Equitas Small Finance Bank, focus shifts to core performance2 min read 24 Mar 2023, 02:06 PM IST
Analysts expect the credit growth to sustain going forward, considering the customer base of the Equitas SFB driven by non-microfinance segments such as small business loans and vehicle finance
The amalgamation of Equitas Small Finance Bank Ltd and Equitas Holdings Ltd has concluded. As per the scheme, the bank received 231 shares of the bank for every 100 shares of holding. Post this, existing shares of around 934 million held by the holding company have been cancelled or extinguished, a BSE notice said. The bank had to initiate an amalgamation scheme between Equitas Holdings and Equitas Small Finance Bank (SFB) for the purpose of reducing the promoter holding as per the RBI mandate.
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