 "equitas")
With the microfinance business facing various challenges, Equitas Holdings has said it is looking at diversifying products to evolve a more sustainable model for the long-term. The company has said that its microfinance business has been slowing down.
Equitas, which has in the past year started a Small Finance Bank (SFB), said that after demonetisation, the microfinance business has seen an increase in delinquency levels.
"This trend is worrisome as the nature of this risk makes it difficult to fathom at this stage the long-term impacts it could have on customers’ repayment culture and credit discipline. This uncertainty makes risk mitigation extremely
