4. Equitas SFB ensures Rs.550-cr deposits:
Equitas Small Finance Bank (SFB) has ensured around Rs.550 crore of deposit in the first few months from the small savings of its 2.6 million customers in piggy banks. The bank, started with three branches, will add agricultural finance, business loans and gold loan businesses in six months, said senior management officials. Equitas is the second SFB to start operations in the country, after Jalandhar headquartered Capital Small Finance Bank.