Equity

Equitas Small Finance Bank Ltd announced that CARE Ratings Limited has assigned a rating of CARE AA- ; Stable to its Tier II Bonds amounting to Rs 500 crore and a further assignment of CARE AA- ; Stable to Tier II Bonds amounting to Rs 500.00 for a proposed issue valid until March 04, 2027, while also reaffirming a rating of BB+ to its Tier II Bonds; CARE Ratings Ltd. also maintains a policy of continuous monitoring for Bank facilities, noting ISSUER NOT COOPERATING for review, and reserves the right to revise, reaffirm, or withdraw ratings based on periodic review, alongside a general statement that surveillance/review may occur annually; CareEdge Ratings did not provide a rating for Bank facilities, stating the rating reflects opinions on likelihood of timely payment, and no rating data was found for an unknown agency.