EQUITASBNK

Equitas Small Finance Bank Ltd is a small finance bank headquartered in Chennai that originated from Equitas Holding Ltd, which began operations in 2007. The bank commenced operations after obtaining its banking license in September 2016. It transitioned from a microfinance company to a full-service small finance bank through the merger of its subsidiaries Equitas Microfinance Ltd and Equitas Housing Finance Ltd. Prior to obtaining the banking license, it operated as a wholly-owned subsidiary of Equitas Holding Ltd. The bank serves individuals and small businesses typically underserved by traditional banks, offering a range of financial products including microfinance loans, small business loans, vehicle finance, housing finance, and loan against property (LAP). Equitas Small Finance Bank delivers its banking services through a combination of physical branches and digital platforms, utilizing a phygital model. Its business segments include microfinance, small business finance, vehicle finance, housing finance, and SME loans.