Equitas Small Finance Bank provides business update for August

Equitas Holdings announced that its subsidiary, Equitas Small Finance Bank reported that 35% of the gross advances availed moratorium as on August 2020 compared to 43% in July 2020 and 51% in June 2020.

The Bank reported collection efficiency of 77% for micro finance assets, 105% for small business loans and 72% for vehicle financing in the month of August 2020.

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