Foreign investors will have to seek its permission from Reserve Bank of India (RBI) before purchasing further equity in Equitas Holdings as the prescribed limit has reached trigger level. The central bank has notified that the aggregate foreign shareholding through American Depository Receipts (ADR)/ Global Depository Receipts (GDR)/ Foreign institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs)/ Foreign Direct Investment (FDI)/ Non-Resident Indians (NRI)/ Persons of Indian Origin (PIOs) in Equitas Holding has reached the trigger limit.
Equitas offer multiple channels to clients to access their accounts with the bank including digital channels such as net banking and mobile banking, offer third party products and services such as insurance, pension and 3-in-1 accounts to enhance the value to clients.
