Equitas Small Finance Bank has allotted 2,36,997 equity shares of Rs.10/- each, to the option grantees who have exercised their options granted under the ESOP Scheme. The paid-up share capital of the Bank accordingly increases from Rs.11,39,08,44,530/- to Rs. 11,39,32,14,500/-. Powered by Capital Market - Live

Total income stood at Rs 1,793.80 crore in second quarter of FY25, registering a growth of 16.45% on YoY basis. Profit before tax tanked 92.49% year on year (YoY) to Rs 20.06 crore in the quarter ended 30 September 2024. Net interest income in September 2024 quarter stood at Rs 802 crore, up 4.7% from Rs 766 crore posted in same quarter a year ago. Net interest margin (NIM) reduced to 7.69% in Q2 of FY25 as compared to 8.43% recorded in corresponding quarter last year. On asset quality front, gross non-performing assets (GNPA) improved to 2.95% in Q2 FY25 as compared to 2.12% in Q2 FY24. Net non-performing assets (NNPA) increased to 0.97% in Q2 FY25 as compared to 0.91% in Q2 FY25. Gross slippages stood at 5.80% in September 2024 quarter as compared to 3.47% in same quarter previous fiscal. Gross advances stood at Rs 36,053 crore, registering a growth of 15.45% YoY. The bank registered disbursements de-growth of 2.24% YoY to Rs 4,850 crore. Deposits grew 29.25% YoY to reach Rs 39,859 crore. During the quarter, return on assets (ROA) and return on equity (ROE) stood at 0.11% and 0.86%, respectively. The bank's net worth stood at Rs 5,947 crore. As of 30 September 2024, Total CRAR at 19.36%, Tier I at 18.11% and Tier II at 1.25%. The bank's liquidity coverage ratio (LCR) as on 30 September 2024 was 158.79%. Equitas Small Finance Bank offers products and services to meet the needs of individuals with limited access to formal financing channels, as well as affluent and mass affluent, small & medium enterprises (SMEs) and corporates. The counter hit a 52 week low of Rs 64.09 on the BSE. Powered by Capital Market - Live

Net profit of Equitas Small Finance Bank declined 93.50% to Rs 12.88 crore in the quarter ended September 2024 as against Rs 198.14 crore during the previous quarter ended September 2023. Total Operating Income rose 14.41% to Rs 1554.87 crore in the quarter ended September 2024 as against Rs 1358.99 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1554.871358.99 14 OPM %34.3249.97 - PBDT20.06267.00 -92 PBT20.06267.00 -92 NP12.88198.14 -93 Powered by Capital Market - Live

The Board of Equitas Small Finance Bank at its meeting held on 08 November 2024 has approved the issuance of upto 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Non-Convertible Debentures having a face value of Rs.1,00,000/- each, of the aggregate nominal value of up to Rs.500 crore including a green shoe option of up to 25,000 Rated, Listed, Unsecured, Redeemable, Fully Paid-Up, Subordinated Non-Convertible Debentures having a face value of Rs. 1,00,000  aggregating up to Rs. 250 crore, in a single series, for inclusion as Tier II Capital. Powered by Capital Market - Live

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live

Equitas Small Finance Bank has received revision in credit ratings from India Rating and Research as under: Issuer rating - IND AA-/ Stable (affirmed) Tier II bonds (Proposed) - IND AA-/ Stable (assigned) Certificate of deposits - IND A1+ (affirmed) Powered by Capital Market - Live

On quarter on quarter (QoQ) basis, total deposits rose 6.22% from Rs 37,524 crore posted on 30 June 2024. Total gross advances increased 15.44% year on year (YoY) and 3.38% QoQ to Rs 36,050 crore as on 30 September 2024. The total gross advances include an Inter-Bank Participation Certificates (IBPC)/Securitized/Assigned portfolio amounting to Rs 1,396 crore as of 30 September 2024, down from Rs 2,321 crore in June 2024. As of 30 September 2024, CASA (Current Account Savings Account) deposits stood at Rs 12,184 crore, registering a growth of 17.37% YoY and 3.92% QoQ. The bank's CASA ratio was at 31% as on 30 September 2024, a decline from 34% posted as on 30 September 2023. Cost of funds increased to 7.50% in Q2 FY25 from 7.21% in Q2 FY24 and 7.46% in Q1 FY25. 'The Bank witnessed strong growth in Small Business Loans and Affordable Housing Finance and has gone cautious on Micro finance. The Microfinance Industry continues to see stress with delinquencies remaining at elevated levels. We expect to see stress for some more time. The Bank will continue to work with other industry players to improve lending practices which should bring the comfort back in this product,' the bank stated in exchange filing. Further the bank said, 'Micro finance contributes around 16% to the total advances of the bank as of Sep'24 and is expected to contract in the long term. The Bank is putting in extra focus in products such as the Micro Loan against Property for small businesses, which addresses the top end of the Micro finance customer segment. Over time, as this momentum picks up, we expect this to balance out the expected drop in Micro finance growth. Deposits continue to grow strongly, and we were able to maintain the CASA ratio after a few quarters of drop.' Equitas Small Finance Bank is one of the largest small finance banks in India. The bank reported 86.5% fall in net profit to Rs 25.76 crore in Q1 FY25 as against Rs 191.20 crore posted in Q1 FY24. The bank's total income jumped 19.9% YoY to Rs 1,709.66 crore in Q1 FY25. The counter rose 0.24% to end at Rs 75.26 on Friday, 4 October 2024. Powered by Capital Market - Live

Equitas Small Finance Bank has allotted 12,16,024 equity shares under ESOP on 12 August 2024. The paid-up share capital of the Bank accordingly increases from Rs.11,36,64,72,390/- to Rs.11,37,86,32,630/-Powered by Capital Market - Live