CURRENT AFFAIRS

Detailed explanation-1: -Equitas Small Finance Bank has named Rani Rampal, a women’s hockey player, and Smriti Mandhana, a cricketer, as brand ambassadors.

Detailed explanation-2: -Equitas Small Finance Bank had announced World’s no. 1 Test Bowler Ravichandran Ashwin as its brand ambassador.

Detailed explanation-3: -“Equitas Small Finance Bank is happy to announce that Mr PN Vasudevan in response to the suggestions of the Board has decided to stay on as MD and CEO of the Bank, ” the lender informed exchanges.

Detailed explanation-4: -Equitas Small Finance Bank Ltd.

Detailed explanation-5: -“Post the reverse merger, 231 shares of Equitas Small Finance Bank are to be issued to the Shareholders holding 100 shares in Equitas Holdings Limited (all Rs 10 fully paid-up), ” it said. In July 2021, Equitas SFB had received the Reserve Bank of India’s approval to apply for amalgamation of the promoter into itself.