The expansion of equity will help the firm expand its loan portfolio in asset classes such as MSME and affordable housing, beyond its bread and butter microfinance.
Recoveries, capital infusion have set the stage for jump in credit delivery.
Equitas Holding is a listed entity while RBI has also directed it to list Equitas Small Finance Bank as per the bank licensing agreement.
"We expect credit growth from some of the banks coming out of the PCA framework and realisation of Rs 3 lakh crore of NPAs,” said Ranen Banerjee, partner at PwC India.
This was on a 45% year-on-year growth in gross loan to Rs 16,651 crore.
The change PNB's system began as 'Mission Parivartan', with a specific aim to tighten the audit controls.
The group is in discussions with two or three prospective buyers, people familiar with the development told ET.
PE firm which already holds 32.4% in co will gain controlling stake.
The bank has again begun the process and floated a fresh expression of interest as the government is pushing state-owned banks to get out of non-core business.
SBI, which has the largest exposure in Essar Steel, has said it took the decision on request of potential buyers. The e-auction for the loan was earlier scheduled for January 30.
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