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Equitas Small Finance Bank (erstwhile Equitas Microfinance Ltd) is a small finance bank founded in 2016 as a microfinance lender. [2][3] The Bank has its headquarters in Chennai, and is a subsidiary of holding company Equitas Holdings Ltd. [4]
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Equitas is a group of companies that was formed in 1995 to assume by way of reinsurance the vast and crippling liabilities that had accumulated in the syndicates at Lloyd's of London on insurance policies written on the 1992 and all prior years of account.
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Early this week the Dispatch reported payments made to current and former Equitas Health executives totaling over $2 million while the agency operates in a $7.5 million deficit.
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