Is Equitas small finance good to buy?

Equitas Bank: Well placed for long term opportunities ‘The current valuation at 1.6x and 9.6x Sept’23 P/ABV and P/E is undemanding and does not factor in strong growth potential, improving liability franchise and possible transition to a universal bank.

Can we invest in Equitas bank?

If you’re looking for a safe investment option without any market risks, you should invest in Equitas regular Fixed Deposit and earn higher returns than what most of the major banks offer. Again, it is advised to invest for 1 year at least as then you get the maximum benefit.

Can I buy Equitas small finance bank?

Equitas Small Finance Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 7265.97 Crore). ICICI Securities has buy call on Equitas Small Finance Bank with a target price of Rs 92. The current market price of Equitas Small Finance Bank Ltd. is Rs 63.45.

Is Equitas Bank under RBI?

After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas Small Finance bank began banking on 5 September 2016. With effect from 4 February 2017, Equitas became a scheduled bank. However, the company missed on RBI’s mandate of listing within 3 years of commencement of its operations.

Is Equitas bank approved by RBI?

After receiving license from the Reserve Bank of India (RBI) on 30 June 2016, Equitas Small Finance bank began banking on 5 September 2016. With effect from 4 February 2017, Equitas became a scheduled bank.

Is Equitas bank safe for FD?

Safety. Under the Deposit Insurance Scheme of RBI, DICGC insures all Equitas Bank deposits up to INR 5,00,000.

What is Equitas bank interest rate?

Overview of Equitas Bank FDs. 3.50\% – 6.50\% Interest rates.

Who is the owner of Equitas small finance bank?

Equitas Holding
Equitas Small Finance Bank/Parent organizations

Who is owner of Equitas bank?

Is Equitas bank a scheduled bank?

What are the interest rates in Equitas small finance bank?

*Interest rates up to ₹ 1 lakh: 3.50\% p.a., above ₹ 1 lakh and upto ₹ 1 cr: 7\%* p.a., above ₹ 1 cr: 6\%* p.a .Interest rates are subject to change from time to time. Refer Schedule of Charges on website for detailed T & C. © 2020 Equitas Small Finance Bank Ltd.All Rights Reserved

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