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Equitas Holdings, Equitas SFB gain on board approval for merger plan

As per the scheme of amalgamation, each equity shareholder of Equitas Holdings will be allotted 231 equity shares for every 100 shares of Equitas SFB.

Equitas SFB, Equitas Holdings okay scheme of amalgamation

The boards of Equitas Holdings and its subsidiary Equitas Small Finance Bank (ESFBL) have approved their merger plan, according to regulatory filings

Equitas Small Finance Bank sets QIP issue price at Rs 53.59 per share

Equitas Small Finance Bank (SFB) on Friday said it has fixed the price for its proposed QIP issue at Rs 53.59 per share. The bank in October 2021 had said that it will raise up to Rs 1,000 crore through a qualified institutional placement (QIP) in order to fulfil the regulatory norms regarding minimum public shareholding. The decision was taken by the merger committee of the board of directors at its meeting held on February 18, 2022, Equitas SFB said in a regulatory filing. The committee approved the closure of the issue period for the issue today, ie, February 18, 2022. The committee determined and approved the issue price of Rs 53.59 per equity share, which takes into account a discount of 4.98 per cent to the floor price of Rs 56.40 per equity share, it said. Equitas Holdings Ltd had 81.36 per cent stake in Equitas SFB as of December 31, 2021. As per RBI guidelines for SFBs, if a promoter holds more than 40 per cent stake in the subsidiary, it should be brought down to 40 per

Equitas SFB reports flat growth in net profit at Rs 108 cr in Dec quarter

The South-based SFB had posted a net profit of Rs 111 crore in the year-ago quarter

Equitas Holdings to divest stake in ETPL ahead of merger with Equitas SFB

Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB)

Equitas Small Finance Bank empanelled as Maharashtra's banking partner

Equitas Small Finance Bank on Monday said it has been empanelled as a banking partner of the Government of Maharashtra to offer its services to the state government employees.

Equitas SFB, Cholamandalam MS for women-centric health insurance policy

Equitas Small Finance Bank (SFB) on Monday said it has tied up with Cholamandalam MS General Insurance to launch a women-centric health insurance policy Chola Sarva Shakti.

Equitas Small Finance Bank partners with HDFC Bank to launch credit cards

The credit card can be availed in two categories

Equitas Small Finance Bank Q2 profit plunges 60% to Rs 41 crore

Net NPAs were at 2.37 per cent, up from 1.09 per cent in year ago period

Equitas Small Finance Bank to raise up to Rs 1,000 crore via QIP

Stock of the firm closed with a gain of about one per cent at Rs 67.3 per share on the BSE on Monday. Its capital adequacy ratio stood at 24.07 per cent at the end of June

Why RBI is concerned about Equitas SFB's new scheme for Google Pay users

The RBI is weighing carefully if this could eventually lead to a backdoor entry of Big Tech in the Indian banking system

Equitas SFB expects to recast loans up to Rs 700 crore by December

Total advances restructured under Covid 1.0 and 2.0 stand at just over Rs 1,300 crore, which comprises around 7.5 per cent of gross advances

Tie-ups like Equitas-Google Pay can significantly disrupt payments sector

With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition

Google-Equitas Small Finance Bank deposits deal under RBI's watch

Panel on digital lending may focus on marketplace for banking products

Equitas SFB Q1 profit dips 79% to Rs 12 cr over restructured accounts

Equitas Small Finance Bank (ESFB) on Friday reported 79 per cent fall in net profit at Rs 12 crore for June quarter 2021-22 on account of provisions for restructured accounts.

Equitas Holdings, Equitas SFB rally on amalgamation scheme approval

Equitas SFB will issue 226 shares to holding company's shareholders for every 100 they held

Equitas Holdings, Equitas SFB get board, shareholders nod for amalgamation

The board of directors and shareholders of Equitas Holdings Ltd (EHL) and Equitas Small Finance Bank (ESFB) on Monday approved the amalgamation scheme of the two companies.

Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs

Predictably, share prices of Ujjivan Financial Services, and Equitas Holdings jumped 20 per cent each after the two entities received the nod to reverse merge with their small finance bank entities

RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%

The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme

Equitas SFB gets RBI nod to apply for amalgamation of promoter into itself

As per the SFB licensing guidelines of RBI, a promoter of SFB can exit or to cease to be a promoter after the mandatory initial lock-in period of five years