 "RBI lifts all curbs on Equitas Small Finance Bank a week after its IPO")
The Reserve Bank of India (RBI) has lifted all restrictions imposed on Equitas Small Finance Bank (SFB) a year ago, the lender said on Monday, a week after it went public.
Later in the day, the SFB said it saw a 108 per cent jump in net profit at Rs 103 crore in Q2 against Rs 49 crore in Q2FY20. Net interest income was Rs 461 crore against Rs 351 crore in Q2FY20, growth of 32 per cent YoY.
Last year, the RBI barred Equitas SFB from opening new branches after it missed the deadline to list its shares on the stock
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