RBI lifts regulatory restructions imposed on Equitas Small Finance Bank Ltd

Subsequent to the listing of Equity shares of Equitas Holdings Ltd's Subsidiary, Equitas Small Finance Bank Limited (ESFB/Bank), RBI vide its letter dated November 09, 2020 has acceded to request of the Bank for lifting the following regulatory restrictions imposed on September 06, 2019.

- Restriction to open new branches.
- Freezing the remuneration of MD & CEO at the then existing level.

Shares of Equitas Holdings Ltd was last trading in BSE at Rs.45.25 as compared to the previous close of Rs. 44.7. The total number of shares traded during the day was 138979 in over 1053 trades.

The stock hit an intraday high of Rs. 45.7 and intraday low of 44.4. The net turnover during the day was Rs. 6256440.

Source : Equity Bulls

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