IDBI Capital: Equitas Small Finance Bank IPO - Better Product Diversification Among Its Peers
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IDBI Capital Report
Equitas Small Finance Bank has begun the operations in 2007 as an non-banking financial company –microfinance institution and housing finance since 2011 and had the most diversified portfolio, with 856 banking outlets across 17 states and union territories in India (Q1 FY21).
With a total loan book of Rs 155.7 billion as of June 2020, it’s the second largest small finance bank among the 10 SFB players that got the license.
Key Risks -
1. The continuing impacts of Covid-19 are highly unpredictable and may have an adverse effect on business, operations and our future financial performance.
2. Bank need to fulfill stringent regulatory requirements and prudential norms and not comply of same could affect the business.
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