Equitas to take cautious steps towards universal bank license

Equitas Small Finance Bank is eligible for voluntary transition into a universal lender. The bank is cautious about applying after peers faced regulatory hurdles. This upgrade offers easier lending and capital norms for the institution. Transitioning would also reduce priority sector lending targets significantly. Equitas will take its time to study and apply for this aspiration.

Raccontata daeconomictimes.indiatimes.com