Small Finance Bank - Equitas Holdings P Limited, Chennai
Midnight
oil is being burnt in the Head office of Equitas Holdings P Limited, Chennai to
quickly submit the final application to Reserve Bank of India for issuance of
the final licence to commence Small Finance Bank business.
EH
is one of the 10 entities to which Reserve Bank of Indian has accorded
in-principle approval for Small Finance Bank operations.
EH
commenced its operations in 2007.
Sphere of Influence:
Operational Areas: 7 States-124 districts-361
districts
Products:
- Micro Finance
- Vehicle Finance
- Housing Finance
- Food Security
- Education Initiatives
Each product has dedicated staff to service
the customers.
Shri Vasudevan P N – Chairman is alumni of
Development Credit Bank
BUSINESS
- Disbursement for the FY 2014-15 - 2,129.04Cr
- Disbursement since Inception - 7,309.29 Cr
- Loan Outstanding as on end of the month - 2,143.95 Cr
CUSTOMERS
- MAR 2015 - No.of Customers as on end of the month - 22.92 Lacs
- Out of which Customers in poorest districts - 8.05 Lacs
- No.of Loans as on end of the month - 24.50 Lacs
- Out of which no.of Loans in poorest districts - 8.80 Lacs
- Out of which no. of poorest districts served - 50
Equitas
has State of the art IT Infrastructure and is the First MFI to implement Core
Banking Software
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