Anand Rathi: Equitas Small Finance Bank IPO - Investment Rationale
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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.
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