Equitas Holdings has informed that Equitas Small Finance Bank (ESFBL), wholly-owned subsidiary of the Company, has been included in the Second Schedule to Reserve Bank of India Act, 1934 vide Official Gazette Notification on February 4, 2017. With the above inclusion, ESFBL has now become a ‘Scheduled Bank’ with effect from the date of notification.
The above information is a part of company’s filings submitted to BSE.