Equitas kerala history and its makers pdf services to low income groups and economically weaker individuals operating small businesses and MSEs with limited access to formal financing channels. Equitas is one of the 10 companies that have been selected by the RBI to set up small finance banks, niche lenders aimed at helping small businesses and farmers get easier access to funding.
Equitas operates in 11 states, one union territory and the NCT of Delhi. As of June 30, 2015, Equitas had 520 branches across India. Equitas offers micro loans of Rs 5,000 to Rs 35,000 to its customers. Company is fifth largest microfinance company in India in terms of gross loan portfolio. Equitas offers used commercial vehicle finance to customers. Company is among a few NBFCs in India operating in the used commercial vehicle finance business. Equitas provides asset backed financing primarily focused on self-employed individuals operating micro enterprises and small enterprises.
Equitas provides micro-housing and affordable-housing loans to selfemployed individuals who have limited access to loans from banks and larger housing finance companies. Diversified product offering and markets with significant cross-selling opportunities. Company Financials: Objects of the Issue:The Issue comprises of a Fresh Issue and an Offer for Sale. Each of the Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.
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Company will not receive any proceeds from the Offer for Sale. Issue Size: Equity Shares of Rs 10 aggregating up to Rs 2,175. An offer for sale of up to 130,825,886 equity shares by the selling shareholders at the issue price. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Equitas Holdings IPO oversubscribed if bids are received for more shares than what is offered by the company. Equitas Holdings IPO – How Many Times Subscribed?
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The probability of people voting for Brexit has increased sharply in the past week which has emerged as the major risk for global economy. On June 23, the referendum will be held whose outcome will be very crucial for all global asset classes. British Pound, with investors sought safe havens such as the Gold and Yen. 2017 and 2018 instead of four. Also 6 out of 17 members now expect only one interest rate hike this year as against 1 out of 17 members since its previous April meeting. This mellowing down of expectations suggests the U. Hence we feel that Fed may at the max may hike the Interest rates once or twice, leave alone the Four hikes they were talking about the last time in December when they had raised the Interest rates for the first time since 2008.
The most recent discussion pertaining to the exit of RBI Governor Dr Rajan on his decision not to continue post his term getting over in September may unnerve the Domestic as well as FII investors. Inflation, it would be tough for the new Governor too to be able to act rapidly on bringing down the Interest Rates. CPI Inflation has accelerated upto 5. May to a 19 Month high as compared to 5. April making it the second consecutive month of higher trajectory entirely led by food inflation which has come at a 21-Month high. Higher than expected food inflation was largely seen in perishables, such as vegetables, eggs, meat, fish and pulses. RBI to refrain from further rate cuts.