Equitas Towers located at Little Mount, Saidapet, Chennai marks a significant milestone in the Bank’s continued growth and expansion. The inaguration also marked the compeltion of 10 years of Equitas Small Finance Bank.
Rangachary, Former Chairman, Insurance Regulatory and Development Authority of India (IRDAI) and Former Chairman, Equitas Holdings Ltd was the Guest of Honour for the event.
M.A. Alagappan, Former Chairman, Murugappa Group and M. Anandan, Founder & Executive Chairman, Aptus Value Housing Finance India Ltd were the special guests.
Speaking at the event, Rangarajan requested RBI to look at ways to incentivize setting up of small finance banks.
A book titled ‘When Organisations Win – Governance, Trust and the Values of Equitas Small Finance Bank’ was launched. The book explores what enables organisations to build trust, create sustainable value and remain resilient over the long term.
Authored by Dr. CA Sangeeta Shankaran Sumesh, CFO, business and leadership coach, author, speaker and Independent Director, the book takes readers inside the governance journey of Equitas Small Finance Bank Limited through conversations with P N Vasudevan, Managing Director & CEO, Equitas Small Finance Bank.
At the heart of the book is the Frames Approach to Governance, under which Equitas looks at governance through frames. The approach encourages organisations to identify different frames of governance, work out different action plans under each frame, leading to a dynamic governance model.
“Governance is not a destination. It is a continuous journey. As an organisation evolves, its governance framework also needs to evolve. The Frames approach has helped us look at governance from multiple frames and continuously challenge ourselves to do better. We hope to keep evolving our governance model in tune with the changing times,” Vasudevan said.
“My journey with Equitas began with curiosity. Small experiences made me wonder about the governance philosophy behind the organisation. When Equitas invited me to write this book, I saw an opportunity to explore that curiosity more deeply through conversations with Vasudevan and by understanding the Bank’s governance journey. What emerged was a perspective on governance not merely as rules and compliance, but as choices, values and behaviours,” Sangeeta Shankaran Sumesh, said.
