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Equitas Small Finance Bank receives reaffirmed ratings and continuous monitoring from CARE Ratings
10-Oct-26 18:36Hrs IST

Equitas Small Finance Bank Ltd announced reaffirmations and annual surveillances across various instruments and ratings from multiple agencies. CARE Ratings Limited reaffirmed its Issuer rating of CARE AA- with a stable outlook, along with reaffirmations for Lower Tier II instruments of Rs 500.00, Tier II Bonds of Rs 500.00, Bonds -Lower Tier II (INE063P08112, 05-Dec-2024, 9.60, 05-Dec-2030), Bonds -Tier II Bonds (INE063P08138, 25-Sep-2026, 9.95, 25-Sep-2036), and Certificate of Deposit instruments of Rs 1,500.00, while also noting annual surveillance for Certificate of Deposits, Issuer Rating and Tier II Bonds, with letters dated September 30, 2026, and continuous monitoring for Tier II Bonds of Rs 500 Crore rated CARE AAA; CareEdge Ratings provided ratings reflecting opinions as of the date of the rating, and CARE Ratings Ltd. indicated continuous monitoring for Bank Facilities and noted that ISSUER IS NOT COOPERATING for certain Bank Facilities, alongside a surveillance/review possibility annually.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise