Equitas Holdings - Huge Long Term Growth Opportunity: HDFC Securities Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .HDFC Securities Retail Research.Equitas Holdings Ltd. is a non-deposit taking, systemically important core investment company of Equitas Small Finance Bank Ltd. (holds 74.5% stake). As a part of the banking license requirement, Equitas Holding has floated its wholly owned subsidiary which obtained a scheduled commercial bank license in 2016. Equitas SFB is one of the largest small finance banks in India and offers bouquet of products and services. The key business verticals includes micro finance, small business loans, home loans and vehicle finance. It started as a MFI and gradually forayed into other businesses like small business loan, home and vehicle loans. The bank also has one of the best in class current account and savings account ratio (at 51.7%), supported by its digital acquisition strategy and fintech tie-ups. This along with high growth in the other business has helped the bank maintain high margins, despite transforming itself from a micro finance institution to a diverse services provider. We feel that the holding company discount will gradually narrow as the time passes because the company has already announced that it wants to reverse merge itself with Equitas SFB. All the necessary approvals have been already received and as per management the merger should be done by March 2023..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Equitas Holdings - Huge Long Term Growth Opportunity: HDFC Securities Initiates Coverage

Low Penetration Of MFI, SFB Loans In Indian Market Provides Huge Long Term Opportunity

Choose a plan