RBI lifts curbs on Equitas Small Fin Bank

MUMBAI: Equitas Small Finance Bank on Monday said the Reserve Bank of India (RBI) has lifted the restrictions imposed on the bank, including on opening of new branches. The Central bank had also directed a freeze on the remuneration of the MD and CEO of the bank at the level that existed on September 6, 2019, which has now been withdrawn. The restrictions were removed after Equitas Small Finance Bank got listed on exchanges earlier in the month.