Equitas Small Finance Bank deposit growth

Description

Equitas Small Finance Bank fell just short of meeting the asset quality requirements for a universal bank license. In an interview with FE, Managing Director and CEO PN Vasudevan discusses, among other topics, why it is important for Equitas to move beyond its’small finance bank designation. Here are some highlights:

Credit-deposit mismatch is a major concern for large commercial banks. How is this playing out for SFBs?

Despite some confusion surrounding the ‘ small finance bank’ label, we have successfully raised public deposits. People frequently question whether we are a finance company or a true bank and whether their investments are secure, even after seven to eight years of the SFB model. Despite these concerns, we have not faced any difficulties in attracting deposits. Our ability to raise funds has never been limited, as we offer interest rates that are 1-2% higher than those of larger banks.Read More-https://voiceofleaders.com/