 "\"Once we get approval from Sebi on the proposed structure, we shall proceed to the NCLT for implementing the scheme of arrangement\" P N Vasudevan MD, Equitas SFB")
Equitas Holdings, the promoter of Equitas Small Finance Bank (ESFB), is expecting the listing of the Bank by March 2020, either through the Scheme of Arrangement it is pursuing with market regulator Sebi, or through an Initial Public Offering (IPO). The RBI last week refused to extend the listing deadline for ESFB and barred it from opening new branches till further orders.
The company said the RBI's directive to bar ESFB from opening new branches will not have implications in the short term. P N Vasudevan, MD and CEO of Equitas Small Finance Bank, told analysts in an interaction today that
