India: RBI turns down Equitas' request to extend listing deadline for small finance bank

India: RBI turns down Equitas' request to extend listing deadline for small finance bank

FILE PHOTO: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016. REUTERS/Danish Siddiqui/File photo

The Reserve Bank of India (RBI) has turned down a proposal by Equitas Holdings seeking extension of the listing deadline for its subsidiary Equitas Small Finance Bank (ESFB) and ordered freezing of the small finance bank’s chief executive’s remuneration at the existing level.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter