This stock rose 20% today; here's why As per the Small Finance Bank (SFB) licensing guidelines of RBI, a promoter of SFB can exit or to cease to be a promoter after the mandatory initial lock-in period of five years (initial promoter lock-in) depending on RBI's regulatory and supervisory comfort and SEBI regulations at that time. Representative image Updated Jul 12, 2021, 11:36 AM IST Share of Equitas Holdings Limited rose 20 per cent to hit a fresh 52-week high of Rs 138.40 after the bank announced it has received Reserve Bank of India's (RBI) nod to apply for amalgamation of the promoter into itself. "In the case of Equitas Small Finance Bank Limited, our subsidiary for which the company is the promoter, the said initial promoter lock-in for the company expires on September 4, 2021. Hence, the bank had requested RBI if a Scheme of Amalgamation of the company with the Bank, resulting in the exit of the promoter, can be submitted to RBI for approval, prior to the expiry of the said five years, to take effect after the Initial Promoter Lock-in expires," Equitas Holdings said in an exchange filing.