KRChoksey: Equitas Small Finance Bank IPO - Investment Rationale
A customer counts Indian rupee banknotes in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

KRChoksey: Equitas Small Finance Bank IPO - Investment Rationale

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.

KRChoksey Report

Equitas Small Finance Bank is a wholly owned subsidiary of Equitas Holdings Ltd. launched in September 2016, as promoters had received Reserve Bank of India in-principle approval to establish a small finance bank.

It has a diversified business across small business loans, microfinance, vehicle finance and micro and small enterprises finance and non-banking financial companies while having strong retail deposits (current account and savings account + term deposits).

It also offers third party products like insurance, FASTag for toll plazas and asset management in mutual funds and portfolio management service.

It has 856 banking outlets and 322 ATMs spread across 17 states and union territories in India.

Click on the attachment to read the full report:

KRChoksey Equitas Small Finance Bank Ltd IPO Note.pdf

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