Equitas Small Finance Bank Ltd
Equitas Small Finance Bank Ltd Company History
Equitas Small Finance Bank is engaged in retail banking business with focus on micro-finance, commercial vehicle finance, home finance, loan against-property, corporate finance, and 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.
1993
Incorporation as V.A.P. Finance Private LimitedÂ
1993
2015
EHL received the RBI In-Principle Approval
2015
2016
Amalgamation of EMFL and EHFL with the Bank pursuant to the Amalgamation Scheme
Commencement of operations of the Bank as an SFB
EHL received the RBI Final Approval
2016
2018
Commencement of MSE Financing products by the Bank
New CV financing portfolio of the Bank crossed Rs.5,000 million
Advances including IBPCs crossed Rs.100,000 million
2018
2019
Total deposits of the Bank crossed Rs.100,000 million
Crossed 15,000 employees
2019
2022
Equitas Small Finance Bank opens its first branch in Trivandrum.
2022
2023
''Granting of approval by Reserve Bank of India (RBI) to ICICI Prudential Asset Management Company Limited for acquisition of shares of Equitas Small Finance Bank Limited ''.
2023
