Equitas Holdings Limited
Company overview
Equitas Small Finance Bank offers savings accounts, current accounts, fixed deposits, recurring deposits, microloans for small business enterprises (SMEs), as well as non-banking financial company (NBFC) loans. It also provides digital banking services and focuses on serving the unbanked and underbanked segments of the population.
Equitas Micro Finance primarily caters to the needs of women from lower-income households by providing them with access to affordable microcredit facilities. This subsidiary aims to empower women financially by supporting their entrepreneurial ventures.
Equitas Housing Finance specializes in providing housing finance solutions to customers in the affordable housing segment. Its offerings include home loans and loans against property at competitive interest rates.
The company's technology arm - Equitas Technologies - plays a crucial role in enabling efficient operations across various business verticals within the organization. Leveraging innovative technologies helps streamline processes and enhance customer experience.
One standout feature that sets Equitas Holdings apart from its competitors is its focus on financial inclusion. By targeting underserved communities and offering tailored financial products such as microloans for SMEs or microcredit for women entrepreneurs, they are addressing critical gaps in traditional banking services. In terms of partnerships and collaborations, Equita Holdings has collaborated with various entities including government bodies like SIDBI (Small Industries Development Bank of India) for funding support aimed at driving entrepreneurship among small businesses. Overall, Equitas Holdings Limited stands out due to its commitment towards inclusive finance coupled with technological innovation that enables it to effectively address the diverse financial needs of individuals and smaller enterprises while contributing positively towards social development.