Equitas SFB aims to make banking accessible for Kerala's business, local and NRI community via the 5 branches in the state
FinTech BizNews Service
Mumbai, January 19, 2024: Equitas Small Finance Bank, one of India’s leading SFBs, has opened 2 new branches, expanding its footprint in Kerala. With the opening of branches in Kochi and Thrissur, which marks Equitas’ commitment to provide the best financial solutions across the state, making the total number of branches in Kerala to 5.
With this expansion, the SFB aims to deliver the best financial services catering to the diverse needs of people from different parts of the state. The choice of locations reflect Equitas SFB’s unique way of bridging the financial and cultural districts of the state. Whether it is the individuals immersed in the hustle-bustle of the industrial atmosphere of Kochi, the artistic people from the cultural soul of Thrissur, Equitas SFB showcases its commitment to strengthen the banking services in Kerala. Equitas also offers higher interest rates for deposits and savings, even for NRI customers which has already made Equitas SFB a popular name amongst the Saver community of Kerala.
Elated on branch expansions in Kerala, Mr. Murali Vaidyanathan, Senior President & Country Head - Branch Banking - Liabilities, Products & Wealth, said, “It is a proud moment for us, as with the expansion in various parts of Kerala, we will be able to cater to the diverse growing needs of our customers. Moreover, as a customer-first bank, we aim to be a true financial partner of the diverse customer segments in Kerala, strengthening our relationship with them. Thus, this expansion is not only a testament to Equitas’ growth but also a crucial decision to ensure that the NRI customers & local community, including the small and micro businesses of Kerala have access to tailor-made solutions. We, at Equitas SFB, believe that with our roots in the southern part of the country, this expansion continues our contribution for financial inclusion and go Beyond Banking.”
In Kerala, where commerce and culture goes hand-in-hand, Equitas SFB provides access to vital financial services by bridging the gap between financial aspirations and reality, paving the way for a brighter future for all. In addition to being the backbone for the business community of Kerala, Equitas is also happy to play a crucial role in fostering stronger relationships with local as well as NRI customers by providing better interest rates on savings and deposits.
About Equitas Small Finance Bank Limited [ESFB]
Equitas Small Finance Bank is one of the largest small finance banks in India. As a new-age bank, we offer a bouquet of products and services tailored to meet the needs of our customers – individuals with limited access to formal financing channels, as well as affluent and mass-affluent, Small & Medium Enterprises (SMEs) and corporates. Our firmly entrenched strategy focuses on providing credit to the unbanked and underbanked micro and small entrepreneurs, developing products to address the growing aspirations at the ‘bottom of the pyramid’, fuelled by granular deposits and ‘value for money’.
