Founded in 1993 and based in Chennai, Equitas Small Finance Bank Ltd (ESFBL) was the largest small finance bank in India by banking outlets and the second largest by assets under management and total deposits in Fiscal 2019. Unlike traditional microfinance companies, it has a well-diversified loan portfolio with reduced reliance on microfinance. The bank primarily focuses on serving financially unserved and underserved customers, offering a broad range of banking products and services. ESFBL provides microfinance loans to promote financial inclusion, along with housing finance, vehicle finance, and MSE finance. It tailors financial products based on customers' income profiles, available security, and business types. Additionally, the bank offers current accounts, salary accounts, savings accounts, deposit accounts, ATM-cum-debit cards, mutual funds, third-party insurance, and FASTag issuance. To ensure responsible lending, ESFBL follows a rigorous credit assessment process under its risk management framework, overseen by the Risk Management Committee. As of September 30, 2019, it had the largest distribution network among small finance banks, with 853 banking outlets and 322 ATMs across 15 states and union territories in India.