Equitas Small Finance Bank Limited has announced its association with the Government of Maharashtra as a banking partner with a view to offer its services to the state government employees. The Bandhan Bank, Karur Vysya Bank, and the South Indian Bank have been assigned the role of distributing salaries and allowances to the government employees.
This partnership will enable the ESFBL to distribute salaries and allowances to the existing employees apart from making provision of pension to pensioners. The state government has authorized the Equitas SFB to open salary and pension accounts for the existing and retired employees across 58 branches of the bank across the state.
