HDFC Securities: Equitas Small Finance Bank IPO Note
Customers count Indian rupee banknotes while sitting in a store (Photographer Dhiraj Singh /Bloomberg)

HDFC Securities: Equitas Small Finance Bank IPO Note

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

HDFC Securities Report

Equitas Small Finance Bank Ltd. is the largest small finance bank in India in terms of number of banking outlets, and the second largest SFB in India in terms of assets under management and total deposits in fiscal 2019.

It has been able to successfully diversify its loan portfolio and significantly reduce its dependence on microfinance business as compared to other microfinance companies that has converted to SFBs.

It offers a range of banking products and services to customers with a focus on serving the financially unserved and underserved customer segments in India.

Its strength lies in promoting financial inclusion within these segments, with its group beginning operations in 2007 as an non-banking financial company providing microfinance, housing and vehicle loans.

Click on the attachment to read the full report:

HDFC Securities IPO Note- Equitas Small Finance Bank .pdf

DISCLAIMER

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.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.