ICICI Direct: Equitas Small Finance Bank  IPO - Well Diversified Portfolio With Fastest Shift Towards Non-MFI Loans
A customer counts Indian rupee banknotes in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

ICICI Direct: Equitas Small Finance Bank  IPO - Well Diversified Portfolio With Fastest Shift Towards Non-MFI Loans

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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.

ICICI Direct Report

Equitas Small Finance Bank is a mass market focused small finance bank (SFB), providing banking products and services to unserved and underserved segment.

It is the largest SFB in India in terms of number of banking outlets and second largest SFB in India in terms of assets under management and total deposits as on FY19.

As of June 30, 2020, the bank had 856 banking outlets and 322 ATMs spread across 17 states and union territories in India.

The company has a diversified portfolio with advances growing at 34% compound annual growth rate from FY18-20 to Rs 13,747 crore (Rs 14,389 crore as on June 2020).

Click on the attachment to read the full report:

ICICI Direct Equitas Bank IPO Review.pdf

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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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