Equitas Small Finance Bank Limited — Others, 01-02-2025: Action(s) taken or orders passed

Equitas Small Finance Bank has received a monetary penalty of Rs. 65 lakh from the Reserve Bank of India for non-compliance regarding foreclosure charges on floating rate term loans and collateral requirements for agricultural loans. The penalty arises from charges levied on 479 loan accounts and the collateral taken on 2027 agricultural loans. Despite this penalty, the bank does not anticipate any material impact on its financial or operational activities. This situation might create a cautious sentiment among investors, but the bank's fundamentals appear resilient with no significant operational disruption expected.