EQUITAS SMALL FIN BNK Share price

The Bank was originally incorporated as ‘V.A.P. Finance Private Limited’ on June 21 1993 at Madras Tamil Nadu as a private limited company under the Companies Act 1956 and was granted a certificate of incorporation by the RoC. the Bank became a deemed public limited company under Section 43A of the Companies Act 1956 on March 5 1994 and the name of the Bank was changed to V.A.P. Finance Limited and the certificate of incorporation was endorsed by the RoC to that effect. the Bank thereafter became a private limited company under Section 31(1) of the Companies Act 1956 and a fresh certificate of incorporation dated March 30 2011 was granted by the RoC consequent upon change of name from V.A.P. Finance Limited to V.A.P. Finance Private Limited due to conversion of the Bank from a public limited company to a private limited company. A fresh certificate of incorporation dated August 12 2011 was granted by the RoC consequent upon change of name from V.A.P. Finance Private Limited to Equitas Finance Private Limited in order to identify Equitas Finance Private Limited as a subsidiary of Equitas Micro Finance India Private Limited. A fresh certificate of incorporation was issued by the RoC on September 29 2015 consequent upon change of name from Equitas Finance Private Limited to Equitas Finance Limited pursuant to conversion to a public limited company from a private limited company. the Promoter EHL was granted the RBI In-Principle Approval and RBI Final Approval on October 7 2015 and June 30 2016 respectively to establish an SFB. Subsequently the Bank was converted in to an SFB and we commenced operations on September 5 2016 as an SFB. A fresh certificate of incorporation dated September 2 2016 was granted by the RoC consequent upon change of name of the Bank to Equitas Small Finance Bank Limited.Pursuant to the Amalgamation Scheme EMFL and EHFL amalgamated with and into the Bank (described in more detailbelow). Pursuant to a notification dated December 23 2016 issued by the RBI and published in the Gazette of India dated February 4 – February 10 2017 the Bank was included in the second schedule to the RBI Act.Major events and milestones of the Bank :2019- Total deposits of the Bank crossed Rs.100000 million- Crossed 15000 employees2018- Commencement of MSE Financing products by the Bank- New CV financing portfolio of the Bank crossed Rs.5000 million- Advances including IBPCs crossed Rs.100000 million2016- Amalgamation of EMFL and EHFL with the Bank pursuant to the Amalgamation Scheme- Commencement of operations of the Bank as an SFB- EHL received the RBI Final Approval2015- EHL received the RBI In-Principle Approval1993- Incorporation as V.A.P. Finance Private Limited Awards accreditations and recognitions received by the Bank :2018- The Bank was awarded the ABP News Brand Excellence Award 2018 in banking financial services and insurance (“BFSI”) sector- The Bank was awarded the Skoch Order of Merit for qualifying amongst the top ranking banking and finance projects in India for Equitas Ecosystem2017- The Bank was awarded the Marketing Excellence Award 2017 in the BFSI sector by the Times Network National Awards For Marketing Excellence 2017- The Bank was awarded the Disability Matters Asia – Pacific Market Place Award 2017 by Disability Matters- The Bank was awarded the India’s Best Bank Award 2017-18 by the Financial Express in SFB category- The Bank was selected as one of the 67 Innovative Practices and Policies by the Zero Project2016- The Bank was awarded the Marketing Excellence Award in BFSI sector at the Global Marketing Excellence Awards 2016