The announcement was made during market hours today.

Equitas Small Finance Bank is one of the largest small finance banks in India. The bank offers a bouquet of products and services tailored to meet the needs of our customers – individuals with limited access to formal financing channels, as well as affluent and mass affluent, small & medium enterprises (SMEs) and corporates.

The bank had reported 97% jump in net profit to Rs 191.20 crore on a 32.8% increase in total income to Rs 1,425.33 crore in Q1 FY24 as compared with Q1 FY23.