Is Equitas bank approved by RBI?
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.
Who is the owner of Equitas?
Equitas Holding
Equitas Small Finance Bank/Parent organizations
What is Equitas Microfinance?
They are a microfinance company that offers commercial vehicle loans, loans against property and loans for small industries. The company – based out of Chennai, Tamil Nadu – was started in 1994 and operates as a wholly owned subsidiary of Equitas Holdings Pvt. Ltd.
Is Equitas bank private or government?
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 reliable?
Equitas Bank is given a stable rating by CRISIL.
How good is Equitas bank?
The overall rating of Equitas Small Finance Bank is 4.0, with Skill development being rated at the top and given a rating of 3.9. However, Career growth is rated the lowest at 3.6.
What is the meaning of Equitas?
equitas. Justice, fairness, equity. To gain an understanding of what social justice means and its use in the English language, it is important to understand its Latin roots. Justice comes from the word equitas meaning fairness. Social comes from the word socius meaning companion.
How safe is Equitas bank?
Is Equitas bank safe for FD?
Which company is Equitas?
Equitas Small Finance Bank Limited is a Small Finance Bank (SFB), licensed by Reserve Bank of India under Section 22 of the Banking Regulation Act, 1949 to carry on the business of Small Finance Bank.
How is Equitas Bank FD?
Equitas Bank Fixed Deposit Features FD Tenure : Ranges between 7 days to 10 years. Interest Rate Range : 3.50% p.a. to 6.00% p.a. Highest Interest Rate : As per today’s rate, Equitas Small Finance Bank’s highest interest rate on FD is 6.00% offered for a tenure of 10 years.
How many branches does Equitas Bank have?
Equitas Small Finance Bank has 846 branches in 16 states / union territories of India.
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