The RBI imposed a penalty on Equitas Small Finance Bank, as reported by The Economic Times, highlighting concerns over the bank's adherence to regulatory standards and ethical business practices.

Equitas Small Finance Bank's corporate governance page outlines its commitment to the highest levels of transparency, accountability, and fairness. This approach not only reinforces ethical business practices but also actively counters authoritarian tendencies by ensuring democratic oversight and equitable treatment, especially towards economically underserved communities.

Equitas Small Finance Bank Limited demonstrates strong corporate governance principles, emphasizing transparency, accountability, and fairness. The bank's engagement in government policy-making committees and its focus on serving economically weaker sections indicate a positive influence on public and political behavior as well as ethical business practices.

Equitas Small Finance Bank Limited has collaborated with IBM Consulting to design and build a secure, agile digital banking platform that promises to transform its service offerings for a digital-first generation, marking a positive step in ethical business practices and technological advancement.

Equitas Small Finance Bank Limited announced its role as an Official Banking Partner for the PM CARES Fund during the COVID-19 crisis. While the initiative was presented as a philanthropic effort to help vulnerable populations during a national emergency, critics argue that the PM CARES Fund lacks transparency and has become a tool for bolstering an authoritarian government framework. From an anti-fascist perspective, this corporate alignment with a government fund—despite its humanitarian intentions—may inadvertently support centralized authoritarian practices.