start_date | end_date | company_name | cin_number | main_business_activity | material_issue_identified | risk_or_opportunity | rationale_for_opportunity_or_risk | risk_approach_to_adopt_or_mitigate | financial_implication_due_to_risk_or_opportunity |
---|---|---|---|---|---|---|---|---|---|
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Corporate Governance | Opportunity | Effective corporate governance enhances transparency accountability and investor confidence leading to improved financial performance access to capital and longterm sustainability | Positive Implications | |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Data Privacy and Security | Risk | Failure to protect sensitive data may lead to legal and reputational risks loss of customer trust and regulatory penalties | We have established a robust Security Operations Centre (SOC) to monitor and mitigate any potential data leakages and threats. We implement and monitor various measures such as data encryption at rest and during transit, a global access control policy to prevent unauthorised access, and employ tools to detect and prevent data leakages. | Negative Implications |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Regulatory Compliance | Risk | Complying with various laws regulations and local statutes poses a challenge given their multiplicity. Noncompliance risks occur in the geographies where we operate due to constantly changing regulations. | We have established a strong internal institutional infrastructure, including various internal and Board-level committees, to ensure our commitment to regulatory compliance. This enables us to maintain strict adherence to compliance standards and stay updated in a constantly evolving regulatory environment. Furthermore, we have nurtured a culture of compliance assurance and encourage our staff to always prioritise compliance, especially during times of regulatory ambiguity. | Negative Implications |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Risk Management | Risk | Inadequate risk management practices can lead to various risks such as credit risk market risk operational risk and reputational risk which could negatively impact the Banks financial performance and reputation | We have established a range of management and Board-level committees to effectively manage various risk aspects within the Bank. As a lender to informal segments, we have made significant investments to enhance governance over credit and operational risks. Leveraging our proprietary practices developed over the past decade, we have successfully navigated through challenging circumstances, including unforeseen events. | Negative Implications |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Business Continuity | Risk | Our bank has significant exposure to small borrowers and unsecured microfinance loans. We closely monitor regulatory changes and market practices to ensure compliance and adapt our strategies accordingly | Our business plan incorporates a thorough assessment of potential risks that could disrupt our operations, such as natural disasters, regulatory changes, and unfavourable market practices. Our guiding principle is to establish a stable, scalable, and sustainable bank. We achieve this through the diversification of products and customers, proactive engagement with regulators and industry stakeholders and the valuable guidance and direction provided by our independent Board and professional Management teams. These measures allow us to effectively mitigate various risks and ensure the continuity of our operations. | Negative Implications |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Sustainable Finance | Opportunity | Integrating sustainability into our operations and investments can lead to increased competitiveness cost savings and access to new markets | Positive Implications | |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Product Innovation/ Responsibility | Opportunity | Investing in the development of sustainable products technologies and solutions to enhance business sustainability and scalability through technology | Positive Implications | |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Economic Growth | Opportunity | Ensuring profitability for sustained business growth for all its stakeholders through revenues and other payments local hiring and local procurement. | Positive Implications | |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Community Development | Opportunity | Maintaining healthy relationships with local communities has enabled the Company to effectively contribute to social development and thus create a foundation for a sustainable business. | Positive Implications | |
2023-04-01 | 2024-03-31 | Equitas Small Finance Bank Limited | L65191TN1993PLC025280 | Financial and insurance services | Customer Experience | Risk | An unpleasant customer experience can result in losing customers or even damaging the reputation. | We have implemented various tools such as the Net Promoter Score, C-SAT surveys, Focus Group Discussions, and regular customer meets at our branches to proactively monitor customer experience and identify any early warning signs. Our dedicated Customer Experience department reports directly to the management, ensuring an unbiased view of customer interactions across all channels. | Negative Implications |
Securities and Exchange Board of India. BRSR: Year- and Company-wise Types of Issues Identified, along with Brief on Resultant Positive or Negative Implications, in Top 1000 Companies Listed by Market Capitalization [Data set]. Dataful. https://dataful.in/datasets/19720/