Commenting on the appointment, Mr. Vasudevan P N, MD & CEO of Equitas Small Finance Bank Limited, said, “We are delighted to welcome Mr. Manish Agrawal to our leadership team. His extensive experience in finance, strategic planning, and regulatory compliance will be a valuable asset as we continue to build a robust, technology-driven and customer-centric banking operation. His deep understanding of the banking ecosystem and proven leadership in driving financial transformations align perfectly with the vision and mission of Equitas Small Finance Bank.”

Mr. Manish Agrawal’s expertise includes proficiency in Financial Reporting, Financial controls, Management Reporting, Regulatory Reporting, Budgeting, IT initiatives, etc., both at Standalone and Group Consolidated level. Prior to joining Equitas, he was associated with Kotak Mahindra Bank as the Head of Bank Finance Function (Bank & Consolidated group). He had also worked earlier with ING Vysya Bank and PwC. His strategic acumen, analytical depth, and people-first approach, has successfully led teams through finance transformation across complex banking environments.

Mr. Agrawal’s appointment reflects Equitas Small Finance Bank’s commitment to strengthening its digital, financial and operational excellence while maintaining its commitment to customer-centric financial services. The bank looks forward to leveraging his expertise to accelerate its growth trajectory and its position as a trusted and progressive financial institution.

The post Equitas Small Finance Bank Limited appoints Mr. Manish Agrawal as President – Finance appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

The post Equitas Small Finance Bank Launches FCNR Deposits and Explorer Savings Account for NRIs and Seafarers appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Strengthening organizational commitment to financial inclusion and long-term security, this partnership aims to enable the bank’s customers to seamlessly integrate life insurance into their financial planning ensuring protection, wealth creation and post-retirement security.

Aditya Birla Sun Life Insurance has a suite of best-in-class products and services across protection, savings, retirement, that are aligned with the unique needs and aspirations of Indians across the corporate sector as well as rural India.

This collaboration, opens a range of opportunities for both new and existing bank customers to access ABSLI’s diverse product offerings tailored to their life stages, including the recently introduced protection and savings offerings like Salaried Term Plan, Nishchit Aayush Plan, Assured Savings Plan etc.

Mr. Kamlesh Rao, MD & CEO Aditya Birla Sun Life Insurance said, “At ABSLI, we believe in empowering individuals with the right financial solutions for every stage of life. Our partnership with Equitas Small Finance Bank will help us extend our insurance expertise to more customers, ensuring they have access to robust financial protection that aligns with their aspirations. Moreover, this partnership will enable ABSLI to further expand the arch of financial inclusion and align its efforts with the industry agenda of Insurance for All by 2047.” 

Commenting on the partnership with Aditya Birla Sun Life Insurance, Mr. Murali Vaidyanathan, Senior President and Country Head, Equitas Small Finance Bank, said, “Equitas Small Finance Bank believes in building strong partnerships that deliver greater value to our customers. To add to our range of saving products across segments, we collaborate with third-party providers to offer insurance cover to our customers through open market architecture. ABSLI and Equitas will offer products that encompass diverse plans that range from protection, savings, endowment and ULIP. We hope this tie-up will enable our customers to access the depth and range of financial services without any hassle”. 

Key features  

      I.        Leading Small Finance Bank: Equitas Small Finance Bank is a key player in India’s banking sector, catering to individuals, small businesses, and underserved communities.

    II.        Simplified Access to Insurance: Customers can now avail of ABSLI’s life insurance products directly through Equitas Small Finance Bank’s extensive branch network, making the process hassle-free.

III.        Wide Range of Insurance Solutions: Equitas Bank customers will gain access to ABSLI’s life insurance products, covering protection, wealth creation, and retirement planning.

  IV.        Reaching the Underserved: With a strong presence in semi-urban and rural markets, Equitas serves millions of customers who previously had limited access to formal financial services.

The post Aditya Birla Sun Life Insurance partners with Equitas Small Finance Bank to expand Life Insurance Accessibility  appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, 10 January 2025: Equitas Small Finance Bank Limited, one of India’s largest SFBs, has announced the revised interest rates for its savings accounts customers. The hike in interest rates will be effective from 10^th January, 2025.

The revised savings account interest rates offer customers attractive opportunities to grow their savings. Balances up to ₹1 lakh will continue to earn an interest rate of 3.00%, while the extended slab for balances between ₹1 lakh and ₹10 lakhs will provide an interest rate of 5.00%. Furthermore, newly introduced slab for balances above ₹ 10 lakhs and upto ₹ 25 lakhs deliver an interest of 7%. Another new slab for balances ranging from ₹25 lakhs to ₹1 crore offers a rate of 7.25%, and balances from ₹1 crore to ₹25 crores will earn 7.50%. For balances above ₹25 crores, the existing rate of 7.80% remains unchanged.

With these changes, Equitas Small Finance Bank reiterates its commitment to providing industry-best rates and unparalleled benefits for its customers. Murali Vaidyanathan, Senior President and Country Head – Branch Banking – Liabilities, Products & Wealth at Equitas Small Finance Bank, said, “In today’s dynamic financial environment, liquidity holds paramount importance. At Equitas, we are proud to be our customer’s trusted partner ensuring growth and security for their savings. By offering a range of competitive savings account interest rates, including options above 7%, we aim to empower our customers to maximize their benefits through disciplined saving. With the new slabs in force, we continue to uphold the Power of 7 for our customers, benefits of which can easily be availed by opening an online account through our website or visiting any Equitas branch. We are dedicated to offer premium banking services and look forward for our customers to join the transformative journey towards greater financial growth. More you save with us, you will get higher yield & return”

Savings Account interest will be accrued daily and paid on Quarterly basis. Refer the link for interest calculation: https://onelink.to/birc or visit our website: https://www.equitasbank.com/ 

The post Equitas Small Finance Bank hikes interest rates for savings account customers appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Bengaluru, September 25, 2024: Equitas Small Finance Bank, one of India’s largest SFBs, showcases its commitment to society through the ‘Beyond Banking’ campaign video to celebrate its 8^th anniversary. The bank has consistently engaged with communities by understanding the difficulties of low-income families and uplifting their lives through diverse social initiatives.

The video showcases Equitas Small Finance Bank’s dedication to driving economic progress through various impactful initiatives and how customers’ choice of banking with Equitas contributes to the impact across the country. The bank has organized numerous eye camps, providing essential eye care services, including free surgeries and spectacles, and hereby benefitted thousands of economically challenged people. Additionally, Equitas has connected unemployed youth with job opportunities through job fairs, thereby providing livelihoods, and furthering economic empowerment and stability.

The Equitas Gurukul Schools also played a crucial role by helping children from economically disadvantaged backgrounds, ensuring they receive quality education and personal development. Furthermore, Equitas has been providing tailored skill development programs for women and youth, equipping them with vital skills to enhance their employability and entrepreneurial prospects. These initiatives reflect Equitas’ commitment to serving society and fostering positive change over 8 years of banking.

Vignesh Murali, Senior Vice President & Head – Marketing, Equitas SFB, expressed “We have always believed that our customers are a huge part of our system of beneficiaries. We have demonstrated that by using the split screen storytelling approach to film and visually showcase how a customer who is banking with us are an extended part and not just someone who uses our services. Through this video, we aim to create an awareness among stakeholders to make them feel proud to be associated with us. We also want them to feel a sense of belonging and feel connected with our larger mission of building a self-empowering society.” Equitas believes that banking goes beyond traditional services and can be a catalyst for bringing a positive change in the society. Explaining the brand’s impactful purpose, he shared, “Marking the milestone of 17 years of Beyond Banking since the inception of Equitas, we take pride in reinforcing our mission towards social well-being for all sections of the society through this video.”

The video campaign serves as an inspiration for the community, showcasing the transformative impact of Equitas’ initiatives on individuals and families. The bank invites everyone to join in celebrating this journey of empowerment and support, as it continues to strive for a future where banking serves as a tool for holistic community development.

The post Equitas Small Finance Bank’s ‘Beyond Banking’ campaign empowering society economically and socially appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.