Equitas SFB - Focus On Building Stable, Scalable Bank With Prudent, Conservative Approach: ICICI Securities
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ICICI Securities Report
Key takeaways from Equitas Small Finance Bank Ltd.’s FY21 annual report:
increased focus on enriching customer lifecycle (created customer experience vertical and business intelligence unit in FY21),
building best-in-class digital capabilities,
strengthening market positioning in new products like new commercial vehicle and used car loan etc., and
encouraging achievements in six strategic focus areas conceptualised by the management team to build stable, scalable and sustainable bank.
Further, Equitas Small Finance Bank's expertise in providing credit to unbanked and underbanked micro and small entrepreneurs reflects in it closing FY21 with highest return on asset (since commencement of SFB operations) at 1.7%.
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