Anand Rathi: Equitas Small Finance Bank IPO - Investment Rationale
A man counts Indian rupee banknotes in Varanasi, Uttar Pradesh, India. (Photographer Dhiraj Singh/Bloomberg)

Anand Rathi: Equitas Small Finance Bank IPO - Investment Rationale


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Equitas Small Finance Bank Ltd. is one of the leading players in the small finance bank space in India, catering the mass market focused on ‘financially unserved and underserved segments’ and committed to promoting financial inclusion in the country.

During FY19, Equitas SFB ranked as the largest SFB in India in terms of number of banking outlets, and the second largest SFB in terms of assets under management and total deposits.

Notably, the company had a market share of 16% in terms of AUM in FY19.

The company offers a diversified portfolio of products comprising small business loans, micro finance, vehicle finance, micro and small enterprise finance, corporates and others.

Click on the attachment to read the full report:

Anand Rathi IPO Note Equitas Small Finance Bank .pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

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