Equitas Small Finance Bank plunges despite launching three-in-one account

Equitas Small Finance has launched a three-in-one account (savings+trading+demat), which will be a convenient option for the customers to keep their banking & financial investments under one roof.

This product will allow customers to invest in their choice of investment instruments, including equity, FDs, any government security as well as mutual fund product in a seamless, secured & convenient way. The transfer of money between the accounts can happen fluently when they open a three-in-one account with the bank.

Equitas Small Finance Bank Ltd is the largest small finance bank (SFB) in India in terms of the number of banking outlets. It is also the second-largest SFB in India in terms of assets under management and total deposits in the fiscal year 2019. (Source: CRISIL Report). It offers many products ranging from personal loans, housing loans, property loans, microfinance to joint liability groups, and many related products.

At the time of market closing on Thursday, Equitas Small Finance Bank was trading at Rs 37.10, a decline of Rs 0.45 or 1.20 per cent from its previous close.

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