In the last two years alone, the top three banks- AU Finance,
Equitas and Ujjivan- have deposits worth over Rs
15,000 crore($2 billion).
Equitas, its peers Ujjivan, AU Small Finance,
Suryoday and Jana Small Finance all belong to a class of banks called Small Finance Banks created by the financial regulator Reserve Bank of India in 2014.
Customers get access to unlimited transactions on Ujjivan's ATM network
and a total of six free transactions on other bank's ATM networks, making this one of the highest free transactions offered by any bank, currently.