Equitas Small Finance Bank Ltd
Equitas Small Finance Bank Ltd (EQUITASBNK)

Equitas Small Finance Bank Ltd (EQUITASBNK)

₹49.32.57%

Key Stats

₹48.75
Day's Price Range
₹50.7
₹37.45
52-Week Price Range
₹71.2
1 Month Return8.81 %
3 Month Return28.91 %
1 Year Return-15.46 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 405
EPS
Rank 421
BVPS
Rank 470
Dividend Yield
Rank 113
ROE
Rank 250
7.35%
Price To Book Ratio
Rank 314
Debt To Asset
Rank 451

Company Information

Equitas Small Finance Bank Limited was incorporated on June 21st 1993 as V.A.P Finance Private Limited and later renamed as Equitas Finance Private Limited in August 2011. In 2011 Equitas Holdings Limited acquired the Company. The Companys name was subsequently changed to Equitas Finance Limited in September 2015 consequent to it becoming a Public Limited Company. Pursuant to a Scheme of Amalgamation approved by the Honble High Court of Judicature at Madras and upon fulfillment of all conditions specified under the said Scheme Equitas Micro Finance Limited and Equitas Housing Finance Limited amalgamated with the Company and the Company was renamed Equitas Small Finance Bank Limited ESFBL. Consequent to the above amalgamation the microfinance and housing finance businesses of the erstwhile EMFL and EHFL were transferred to the Company effective September 2 2016. ESFBL commenced its banking operations after the receipt of final banking license from the Reserve Bank of India on September 5 2016.The Bank is engaged in retail banking business with focus on microfinance commercial vehicle finance home finance loan againstproperty financecorporate finance and providing financing solutions for individuals and micro and small enterprises MSEs that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all.Banking Outlet comprises branches primarily focusing on garnering and servicing depositors and outlets that conducts lending operations for underbanked and unbanked. The Bank deployed 322 ATMs and cash recyclers at their banking outlets to save valuable time making the same as a pleasant experience. At present the Bank operates from more than 853 locations across 15 States/Union Territories including National Capital Territory of the country.The Board of Directors of ESFBL and EHL in their respective Meetings held on January 31 2019 and February 1 2019 approved a Scheme of Arrangement between EHL ESFBL and the respective shareholders contemplating issue and allotment by ESFBL of 892062982 fully paidup equity shares for no cash consideration to the shareholders of EHL as of the Record Date set out in the Scheme and consequent reduction by ESFBL of Securities Premium Account the revenue and other reserves and the surplus in Profit and Loss Account by an amount equal to the face value of the shares of ESFBL issued under the Scheme. The Bank in its Meeting held on December 6 2019 approved issue of 47458239 Equity Shares of Rs 10 each at a price of Rs 52.68 per equity share including a premium of Rs 42.68 per equity share aggregating to Rs 250 crores by private placement to IIFL AIF through its various funds for a stake of 4.51 in postissue paidup share capital of Bank.In the Board Meeting of the Bank held on 23 March 2020 following approvals were accorded to make loans upto Rs 18000 Crore in ordinary course of business for Financial Year 202021 that subject to approval of shareholders to borrow money upto an aggregate sum of Rs 27000 crore outstanding at any point of time and issue certificate of deposits CoDs in more than one tranches upto an amount not exceeding Rs 3000 Crore.During FY 2020 transactions carried out through retail internet banking amounted to Rs 3802 crores.During the second half of 2020 the Bank came out with a public issue through book building route and got listed on 2nd Nov 2020.
OrganisationEquitas Small Finance Bank Ltd
HeadquartersChennai
IndustryBanks