EQUITASBNK
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Equitas Small Finance Bank Total Deposits As Of March 31, 2026 Up 7.96% YoY
April 2 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
TOTAL DEPOSITS AS OF MARCH 31, 2026 UP 7.96% YOY
GROSS ADVANCES AS OF MARCH 31, 2026 AT 461.83 BILLION RUPEES
Source text: ID:nNSE5JtWtC
Further company coverage: EQUI.NS
April 2 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
TOTAL DEPOSITS AS OF MARCH 31, 2026 UP 7.96% YOY
GROSS ADVANCES AS OF MARCH 31, 2026 AT 461.83 BILLION RUPEES
Source text: ID:nNSE5JtWtC
Further company coverage: EQUI.NS
Equitas Small Finance Bank's Q3 Net Profit At 900.3 Mln Rupees
Jan 29 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q3 NET PROFIT 900.3 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 GROSS NPA 2.75%
EQUITAS SMALL FINANCE BANK Q3 INTEREST EARNED 16.92 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 PROVISIONS & CONTINGENCIES 1.93 BILLION RUPEES
Source text: ID:nBSE2RFfM
Further company coverage: EQUI.NS
Jan 29 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q3 NET PROFIT 900.3 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 GROSS NPA 2.75%
EQUITAS SMALL FINANCE BANK Q3 INTEREST EARNED 16.92 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 PROVISIONS & CONTINGENCIES 1.93 BILLION RUPEES
Source text: ID:nBSE2RFfM
Further company coverage: EQUI.NS
India's Equitas Small Finance Bank gains as deposits, advances rise
** Shares of Equitas Small Finance Bank EQUI.NS rise 1.7% to 58.3 rupees
** Lender's provisional total deposits grew 10.92% Y/Y, as of September 30, while advances rose 8.58% Y/Y
** EQUI rated "buy" by 17 analysts on average; median target price is 66.5 rupees – data compiled by LSEG
** Stock down 8.9% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Shares of Equitas Small Finance Bank EQUI.NS rise 1.7% to 58.3 rupees
** Lender's provisional total deposits grew 10.92% Y/Y, as of September 30, while advances rose 8.58% Y/Y
** EQUI rated "buy" by 17 analysts on average; median target price is 66.5 rupees – data compiled by LSEG
** Stock down 8.9% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
Equitas Small Finance Bank To Consider Capital Raising Via NCDs
July 14 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD - TO CONSIDER CAPITAL RAISING VIA NCDS
Source text: ID:nBSE1cRP81
Further company coverage: EQUI.NS
July 14 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD - TO CONSIDER CAPITAL RAISING VIA NCDS
Source text: ID:nBSE1cRP81
Further company coverage: EQUI.NS
India's Equitas Small Finance Bank set for worst day in three years
** Shares of Equitas Small Finance Bank EQUI.NS slide 6.5% to 63.55 rupees, set for worst day since May 2022
** Stock down for a fourth consecutive session
** EQUI's Q1 slippages in its microfinance portfolio rose to 19.75% from 12.85% in Q4
** As a result, overall net slippages rose to 4.35% from 3.16%
** Rising slippages are a sign of worsening asset quality
** However, analysts tracking EQUI rate it "buy" on average; median PT is 75 rupees - data compiled by LSEG
** Stock little changed this year, last down 0.8%
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
** Shares of Equitas Small Finance Bank EQUI.NS slide 6.5% to 63.55 rupees, set for worst day since May 2022
** Stock down for a fourth consecutive session
** EQUI's Q1 slippages in its microfinance portfolio rose to 19.75% from 12.85% in Q4
** As a result, overall net slippages rose to 4.35% from 3.16%
** Rising slippages are a sign of worsening asset quality
** However, analysts tracking EQUI rate it "buy" on average; median PT is 75 rupees - data compiled by LSEG
** Stock little changed this year, last down 0.8%
(Reporting by Nandan Mandayam in Bengaluru)
((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))
India's central bank cuts small finance banks' lending requirement to priority sectors
June 20 (Reuters) - India's central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.
(Reporting by Manvi Pant in Bengaluru; Editing by Vijay Kishore)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
June 20 (Reuters) - India's central bank on Friday reduced the mandated portion of lending that small finance banks have to extend to priority sectors such as agriculture and small businesses, lowering it by 15 percentage points.
Small finance banks currently have to extend 75% of their loans to priority sectors. After a review, the Reserve Bank of India has effectively cut the requirement to 60% of total lending.
(Reporting by Manvi Pant in Bengaluru; Editing by Vijay Kishore)
((Manvi.Pant@thomsonreuters.com; +918447554364;))
India's Equitas Small Finance Bank down for second session post earnings
** India's Equitas Small Finance Bank EQUI.NS falls 6% to 62.70 rupees; on course for worst daily pct drop since October 2023
** EQUI down for second consecutive session as Q4 profit drops 80% y/y on surge in credit costs
** Emkay Global Financial Services calls results "dismal", cuts FY2026 and FY2027 earnings estimates by ~10%
** "Weakness in microfinance has dragged earnings in FY2025, but FY2026 is likely to be a better year," says Kotak Institutional Equities
** Analysts avg rating on stock "buy"; media PT 77 rupees, as per LSEG data
** YTD, EQUI down 2.1%
(Reporting by Vivek Kumar M)
** India's Equitas Small Finance Bank EQUI.NS falls 6% to 62.70 rupees; on course for worst daily pct drop since October 2023
** EQUI down for second consecutive session as Q4 profit drops 80% y/y on surge in credit costs
** Emkay Global Financial Services calls results "dismal", cuts FY2026 and FY2027 earnings estimates by ~10%
** "Weakness in microfinance has dragged earnings in FY2025, but FY2026 is likely to be a better year," says Kotak Institutional Equities
** Analysts avg rating on stock "buy"; media PT 77 rupees, as per LSEG data
** YTD, EQUI down 2.1%
(Reporting by Vivek Kumar M)
Equitas Small Finance Bank Q4 Net Profit 421.1 Million Rupees
April 30 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q4 NET PROFIT 421.1 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q4 GROSS NPA 2.89%
EQUITAS SMALL FINANCE BANK Q4 INTERST EARNED 16.44 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q4 PROVISIONS & CONTINGENCIES 2.58 BILLION RUPEES
Source text: ID:nBSE1DChfZ
Further company coverage: EQUI.NS
April 30 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q4 NET PROFIT 421.1 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q4 GROSS NPA 2.89%
EQUITAS SMALL FINANCE BANK Q4 INTERST EARNED 16.44 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q4 PROVISIONS & CONTINGENCIES 2.58 BILLION RUPEES
Source text: ID:nBSE1DChfZ
Further company coverage: EQUI.NS
India's Creditaccess, Ujjivan rise; Investec sees improving asset quality
** The worst appears over for Indian microfinance lenders, says Investec, citing improving asset quality at CreditAccess Grameen CRDE.NS and Ujjivan Small Finance Bank UJJI.NS
** Both stocks are up about 2.1%, outperforming the 0.7% drop in the Nifty 500 index .NIFTY500
** While peers like Equitas Small Finance Bank EQUI.NS face operational challenges such as lower collection efficiency, these two companies are better placed, says Investec
** Brokerage expects only a minimal impact on the two companies from stricter lending norms set to take effect in April
** Reiterates a "buy" rating on both stocks, estimating a 12-month upside of 17.9% for CRDE and 33.2% for UJJI; calls Ujjivan more attractive on valuations
** CRDE and UJJI are up 12.4% and 11% in 2025 so far, outperforming the Nifty 500’s 9% decline
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
** The worst appears over for Indian microfinance lenders, says Investec, citing improving asset quality at CreditAccess Grameen CRDE.NS and Ujjivan Small Finance Bank UJJI.NS
** Both stocks are up about 2.1%, outperforming the 0.7% drop in the Nifty 500 index .NIFTY500
** While peers like Equitas Small Finance Bank EQUI.NS face operational challenges such as lower collection efficiency, these two companies are better placed, says Investec
** Brokerage expects only a minimal impact on the two companies from stricter lending norms set to take effect in April
** Reiterates a "buy" rating on both stocks, estimating a 12-month upside of 17.9% for CRDE and 33.2% for UJJI; calls Ujjivan more attractive on valuations
** CRDE and UJJI are up 12.4% and 11% in 2025 so far, outperforming the Nifty 500’s 9% decline
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
Equitas Small Finance Bank Q3 Net Profit 663 Million Rupees
Jan 31 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q3 NET PROFIT 663 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 GROSS NPA 2.97%
EQUITAS SMALL FINANCE BANK Q3 INTEREST EARNED 16.12 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 PROVISIONS & CONTINGENCIES 2.43 BILLION RUPEES
Source text: ID:nnAZN39950P
Further company coverage: EQUI.NS
Jan 31 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q3 NET PROFIT 663 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 GROSS NPA 2.97%
EQUITAS SMALL FINANCE BANK Q3 INTEREST EARNED 16.12 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q3 PROVISIONS & CONTINGENCIES 2.43 BILLION RUPEES
Source text: ID:nnAZN39950P
Further company coverage: EQUI.NS
Equitas Small Finance Bank Hikes Interest Rates For Savings Accounts
Jan 9 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD - HIKES INTEREST RATES FOR SAVINGS ACCOUNTS
Source text: ID:nBSE1jjmWF
Further company coverage: EQUI.NS
Jan 9 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD - HIKES INTEREST RATES FOR SAVINGS ACCOUNTS
Source text: ID:nBSE1jjmWF
Further company coverage: EQUI.NS
Equitas Small Finance Bank Q2 Net Profit 128.8 Mln Rupees
Nov 8 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
Q2 NET PROFIT 128.8 MILLION RUPEES
Q2 GROSS NPA 2.95%
Q2 INTERST EARNED 15.55 BILLION RUPEES
Q2 NET NPA 0.97%
Q2 PROVISIONS & CONTINGENCIES 3.3 BILLION RUPEES
TO ISSUE NCDS WORTH UP TO 5 BILLION RUPEES
ISSUE OF NCDS INCLUDES GREEN SHOE OPTION WORTH UP TO 2.5 BILLION RUPEES
Source text: ID:nBSE4rQBlD
Further company coverage: EQUI.NS
Nov 8 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
Q2 NET PROFIT 128.8 MILLION RUPEES
Q2 GROSS NPA 2.95%
Q2 INTERST EARNED 15.55 BILLION RUPEES
Q2 NET NPA 0.97%
Q2 PROVISIONS & CONTINGENCIES 3.3 BILLION RUPEES
TO ISSUE NCDS WORTH UP TO 5 BILLION RUPEES
ISSUE OF NCDS INCLUDES GREEN SHOE OPTION WORTH UP TO 2.5 BILLION RUPEES
Source text: ID:nBSE4rQBlD
Further company coverage: EQUI.NS
Equitas Small Finance Bank Q1 Net Profit 257.6 Million Rupees
July 26 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q1 NET PROFIT 257.6 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q1 GROSS NPA 2.73%
EQUITAS SMALL FINANCE BANK Q1 INTERST EARNED 15.01 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q1 PROVISIONS & CONTINGENCIES 3.05 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q1 NET NPA 0.83%
Source text for Eikon: ID:nBSE1hb19t
Further company coverage: EQUI.NS
July 26 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK Q1 NET PROFIT 257.6 MILLION RUPEES
EQUITAS SMALL FINANCE BANK Q1 GROSS NPA 2.73%
EQUITAS SMALL FINANCE BANK Q1 INTERST EARNED 15.01 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q1 PROVISIONS & CONTINGENCIES 3.05 BILLION RUPEES
EQUITAS SMALL FINANCE BANK Q1 NET NPA 0.83%
Source text for Eikon: ID:nBSE1hb19t
Further company coverage: EQUI.NS
Equitas Small Finance Bank To Consider Raising Of Capital
July 18 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
TO CONSIDER RAISING OF CAPITAL
Source text for Eikon: ID:nBSEbKzKKC
Further company coverage: EQUI.NS
July 18 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
TO CONSIDER RAISING OF CAPITAL
Source text for Eikon: ID:nBSEbKzKKC
Further company coverage: EQUI.NS
Equitas Small Finance Bank June Qtr Provisional Gross Advances Up 17.8% Y/Y
July 4 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
JUNE QUARTER PROVISIONAL GROSS ADVANCES UP 17.8% Y/Y
JUNE QUARTER PROVISIONAL TOTAL DEPOSITS UP 35.4% Y/Y
Further company coverage: EQUI.NS
July 4 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
JUNE QUARTER PROVISIONAL GROSS ADVANCES UP 17.8% Y/Y
JUNE QUARTER PROVISIONAL TOTAL DEPOSITS UP 35.4% Y/Y
Further company coverage: EQUI.NS
India's Jana Small Finance Bank hits all-time high on strong Q4 results
** Shares of Jana Small Finance Bank JANA.NS rise as much as 15.4% to hit all-time high of 577.20 rupees; last up 12.9%
** Co posts nearly four-fold surge in Q4 profit, helped by strong loan growth and improved asset quality
** Stock up nearly 41% since making market debut in February
** JANA has outperformed other small finance bank rivals; AU Small Finance Bank AUFI.NS, Ujjivan Small Finance Bank UJJI.NS, Equitas Small Finance Bank EQUI.NS which are down between 19%-5% YTD
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
** Shares of Jana Small Finance Bank JANA.NS rise as much as 15.4% to hit all-time high of 577.20 rupees; last up 12.9%
** Co posts nearly four-fold surge in Q4 profit, helped by strong loan growth and improved asset quality
** Stock up nearly 41% since making market debut in February
** JANA has outperformed other small finance bank rivals; AU Small Finance Bank AUFI.NS, Ujjivan Small Finance Bank UJJI.NS, Equitas Small Finance Bank EQUI.NS which are down between 19%-5% YTD
(Reporting by Sethuraman NR in Bengaluru)
((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))
Equitas Small Finance Bank NIM Is At 8.17% For Q4FY24
April 24 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
NIM IS AT 8.17% FOR Q4FY24
Source text for Eikon: ID:nBSEP0g9p
Further company coverage: EQUI.NS
April 24 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
NIM IS AT 8.17% FOR Q4FY24
Source text for Eikon: ID:nBSEP0g9p
Further company coverage: EQUI.NS
Equitas Small Finance Bank Total Deposits As On March 31 Up 43% Y/Y
April 4 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD - TOTAL DEPOSITS AS ON MARCH 31 UP 43% Y/Y
EQUITAS SMALL FINANCE BANK LTD- GROSS ADAVNCES UP 23% Y/Y AS OF MARCH-END
Source text for Eikon: ID:nNSE4w2qBs
Further company coverage: EQUI.NS
April 4 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD - TOTAL DEPOSITS AS ON MARCH 31 UP 43% Y/Y
EQUITAS SMALL FINANCE BANK LTD- GROSS ADAVNCES UP 23% Y/Y AS OF MARCH-END
Source text for Eikon: ID:nNSE4w2qBs
Further company coverage: EQUI.NS
Further sell-off in India's mid-caps will lead to buying, HSBC says
** Any sharp sell-off in mid-caps from current levels seems unlikely and will be used as buying opportunity, says HSBC
** Lists FSN E-Commerce FSNE.NS, Equitas Small Finance Bank EQUI.NS, Titagarh Rail Systems TITG.NS, Prestige Estates Projects PREG.NS, Phoenix Mills PHOE.NS, Ipca Laboratories IPCA.NS, Voltas VOLT.NS and Kalyan Jewellers KALN.NS as its top mid-cap ideas
** The ongoing corrections in India's broader, more domestically-focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100, prompted by markets regulator's warning of 'frothy' valuations, could still deepen, according to HSBC
** Small- and mid-caps have lost 6.6% and 3.2%, respectively, in March, compared with 0.2% rise in benchmark Nifty 50 .NSEI
** HSBC says current context is relatively more favourable compared with sell-off in 2018 due to improved macroeconomic fundamentals, relative valuation comfort in small- and mid-caps and support from strong retail inflows
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
** Any sharp sell-off in mid-caps from current levels seems unlikely and will be used as buying opportunity, says HSBC
** Lists FSN E-Commerce FSNE.NS, Equitas Small Finance Bank EQUI.NS, Titagarh Rail Systems TITG.NS, Prestige Estates Projects PREG.NS, Phoenix Mills PHOE.NS, Ipca Laboratories IPCA.NS, Voltas VOLT.NS and Kalyan Jewellers KALN.NS as its top mid-cap ideas
** The ongoing corrections in India's broader, more domestically-focussed small- .NIFSMCP100 and mid-caps .NIFMDCP100, prompted by markets regulator's warning of 'frothy' valuations, could still deepen, according to HSBC
** Small- and mid-caps have lost 6.6% and 3.2%, respectively, in March, compared with 0.2% rise in benchmark Nifty 50 .NSEI
** HSBC says current context is relatively more favourable compared with sell-off in 2018 due to improved macroeconomic fundamentals, relative valuation comfort in small- and mid-caps and support from strong retail inflows
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
India's Equitas Small Finance Bank Q3 Net Profit Rises
Jan 25 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
Q3 NET PROFIT 2.02 BILLION RUPEES VERSUS 1.70 BILLION RUPEES
Q3 GROSS NPA 2.53%
Q3 INTERST EARNED 14.29 BILLION RUPEES VERSUS 10.63 BILLION RUPEES
Q3 PROVISIONS & CONTINGENCIES 843.8 BILLION RUPEES VERSUS 499 MILLION RUPEES
Q3 NET NPA 1.13%
Source text for Eikon: ID:nBSE9KYGXv
Further company coverage: EQUI.NS
Jan 25 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
Q3 NET PROFIT 2.02 BILLION RUPEES VERSUS 1.70 BILLION RUPEES
Q3 GROSS NPA 2.53%
Q3 INTERST EARNED 14.29 BILLION RUPEES VERSUS 10.63 BILLION RUPEES
Q3 PROVISIONS & CONTINGENCIES 843.8 BILLION RUPEES VERSUS 499 MILLION RUPEES
Q3 NET NPA 1.13%
Source text for Eikon: ID:nBSE9KYGXv
Further company coverage: EQUI.NS
India's Equitas Small Finance Bank hits record high on upbeat Q3
** Shares of Equitas Small Finance Bank EQUI.NS rise as much as 2.7% to a record 114.45 rupees
** EQUI reports 32% YoY jump in Dec-quarter gross advances; total deposits surge 39%
** Seven of 17 analysts covering the stock have "strong buy" rating, average rating is "buy;" median PT is 115 rupees - LSEG data
** Stock surged ~81% in 2023, biggest yearly gain since listing in 2020
(Reporting by Anisha Ajith)
** Shares of Equitas Small Finance Bank EQUI.NS rise as much as 2.7% to a record 114.45 rupees
** EQUI reports 32% YoY jump in Dec-quarter gross advances; total deposits surge 39%
** Seven of 17 analysts covering the stock have "strong buy" rating, average rating is "buy;" median PT is 115 rupees - LSEG data
** Stock surged ~81% in 2023, biggest yearly gain since listing in 2020
(Reporting by Anisha Ajith)
Equitas Small Finance Bank Says RBI Approved Icici Prudential Asset Management To Acquire Aggregate Holding
Dec 28 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
RBI APPROVED ICICI PRUDENTIAL ASSET MANAGEMENT TO ACQUIRE AGGREGATE HOLDING OF UP TO 9.95% STAKE IN ESFBL
Source text for Eikon: ID:nBSE9mhVCC
Further company coverage: EQUI.NS
Dec 28 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
RBI APPROVED ICICI PRUDENTIAL ASSET MANAGEMENT TO ACQUIRE AGGREGATE HOLDING OF UP TO 9.95% STAKE IN ESFBL
Source text for Eikon: ID:nBSE9mhVCC
Further company coverage: EQUI.NS
India's Equitas Small Finance Bank jumps to record high
** Shares of Equitas Small Finance Bank EQUI.NS rise as much as 10.9% to a record high of 104.8 rupees
** Trading vol is 7.4x the 30-day daily avg, highest since March 17, 2023, and second highest since its listing in Nov, 2022
** EQUI moved above its 50-day simple moving avg; Moving Average Convergence Divergence (MACD) line moved above the signal line - LSEG data
** EQUI last up 9.5% at 103.5 rupees; avg rating of the 17 analysts is "buy" and median PT is 115 rupees - LSEG data
** Stock extends YTD gains to ~77%, on track for biggest yearly gain since its listing
(Reporting by Anuran Sadhu in Bengaluru)
** Shares of Equitas Small Finance Bank EQUI.NS rise as much as 10.9% to a record high of 104.8 rupees
** Trading vol is 7.4x the 30-day daily avg, highest since March 17, 2023, and second highest since its listing in Nov, 2022
** EQUI moved above its 50-day simple moving avg; Moving Average Convergence Divergence (MACD) line moved above the signal line - LSEG data
** EQUI last up 9.5% at 103.5 rupees; avg rating of the 17 analysts is "buy" and median PT is 115 rupees - LSEG data
** Stock extends YTD gains to ~77%, on track for biggest yearly gain since its listing
(Reporting by Anuran Sadhu in Bengaluru)
India's Equitas Small Finance Bank rises to record high on Q2 profit jump
** Shares of Equitas Small Finance Bank EQUI.NS rise as much as 3.3% to a record high of 101.9 rupees
** Co reports 70% jump in Q2 net profit to 1.98 bln rupees ($23.80 million), interest earned rose 35.6%
** EQUI's Q2 gross NPA at 2.27% vs 2.75% in prev qtr
** ~4.2 mln shares change hands by 10:05 a.m. IST vs 30-day avg of 6.1 mln shares
** Twelve of the 15 analysts have a "buy" or "strong buy" rating, while three have "hold"; median PT is 109 rupees - LSEG data
** Stock up 1.4% as of 10:05 a.m. IST, extending YTD gains to ~71%
($1 = 83.1875 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
** Shares of Equitas Small Finance Bank EQUI.NS rise as much as 3.3% to a record high of 101.9 rupees
** Co reports 70% jump in Q2 net profit to 1.98 bln rupees ($23.80 million), interest earned rose 35.6%
** EQUI's Q2 gross NPA at 2.27% vs 2.75% in prev qtr
** ~4.2 mln shares change hands by 10:05 a.m. IST vs 30-day avg of 6.1 mln shares
** Twelve of the 15 analysts have a "buy" or "strong buy" rating, while three have "hold"; median PT is 109 rupees - LSEG data
** Stock up 1.4% as of 10:05 a.m. IST, extending YTD gains to ~71%
($1 = 83.1875 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru)
India's Equitas Small Finance Bank Sept-Quarter Net Profit Rises
Oct 19 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
INDIA'S EQUITAS SMALL FINANCE BANK SEPT-QUARTER NET PROFIT 1.98 BILLION RUPEES VERSUS 1.16 BILLION RUPEES
EQUITAS SMALL FINANCE BANK SEPT-QUARTER GROSS NPA 2.27% VERSUS 2.75% PREV QUARTER
EQUITAS SMALL FINANCE BANK SEPT-QUARTER INTERST EARNED 13.59 BILLION RUPEES VERSUS 10.02 BILLION RUPEES
EQUITAS SMALL FINANCE BANK SEPT-QUARTER PROVISIONS & CONTINGENCIES 632 MILLION RUPEES VERSUS 901 MILLION RUPEES
EQUITAS SMALL FINANCE BANK SEPT-QUARTER NET NPA 0.97% VERSUS 1.18% PREV QUARTER
Source text for Eikon: ID:nBSE59Grfp
Further company coverage: EQUI.NS
Oct 19 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
INDIA'S EQUITAS SMALL FINANCE BANK SEPT-QUARTER NET PROFIT 1.98 BILLION RUPEES VERSUS 1.16 BILLION RUPEES
EQUITAS SMALL FINANCE BANK SEPT-QUARTER GROSS NPA 2.27% VERSUS 2.75% PREV QUARTER
EQUITAS SMALL FINANCE BANK SEPT-QUARTER INTERST EARNED 13.59 BILLION RUPEES VERSUS 10.02 BILLION RUPEES
EQUITAS SMALL FINANCE BANK SEPT-QUARTER PROVISIONS & CONTINGENCIES 632 MILLION RUPEES VERSUS 901 MILLION RUPEES
EQUITAS SMALL FINANCE BANK SEPT-QUARTER NET NPA 0.97% VERSUS 1.18% PREV QUARTER
Source text for Eikon: ID:nBSE59Grfp
Further company coverage: EQUI.NS
Equitas Small Finance Bank Says Gross Advances For Quarter Ended September 30 Up 37% Y/Y
Oct 5 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
GROSS ADVANCES FOR QUARTER ENDED SEPTEMBER 30, 2023 UP 37% Y/Y
PROVISIONAL TOTAL Q2 DEPOSITS UP 42% YOY
Further company coverage: EQUI.NS
Oct 5 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
GROSS ADVANCES FOR QUARTER ENDED SEPTEMBER 30, 2023 UP 37% Y/Y
PROVISIONAL TOTAL Q2 DEPOSITS UP 42% YOY
Further company coverage: EQUI.NS
Equitas Small Finance Bank Says RBI Approval Granted To HDFC Asset Management Co For Stake Acquisition
Sept 21 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
RBI APPROVAL GRANTED TO HDFC ASSET MANAGEMENT CO TO ACQUIRE UPTO 9.5% STAKE IN CO
Further company coverage: EQUI.NS
Sept 21 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
RBI APPROVAL GRANTED TO HDFC ASSET MANAGEMENT CO TO ACQUIRE UPTO 9.5% STAKE IN CO
Further company coverage: EQUI.NS
India's Equitas Small Finance Bank slides on block deal
** Shares of Equitas Small Finance Bank Ltd EQUI.NS fall as much as 3.3% to 91.6 rupees, on track for its third straight session of losses
** About 5 mln shares of the lender changed hands in a single block deal at a price of 92.7 rupees a share as of 12:40 p.m. IST - Refinitiv data
** Trading volume at ~11.3 mln shares, 1.9x the 30-day avg of ~6 mln shares as of 12:30 p.m. IST
** Average rating of 16 analysts covering stock equivalent to 'buy'; median PT is 109 rupees - Refinitiv data
** Stock up ~58% YTD
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Equitas Small Finance Bank Ltd EQUI.NS fall as much as 3.3% to 91.6 rupees, on track for its third straight session of losses
** About 5 mln shares of the lender changed hands in a single block deal at a price of 92.7 rupees a share as of 12:40 p.m. IST - Refinitiv data
** Trading volume at ~11.3 mln shares, 1.9x the 30-day avg of ~6 mln shares as of 12:30 p.m. IST
** Average rating of 16 analysts covering stock equivalent to 'buy'; median PT is 109 rupees - Refinitiv data
** Stock up ~58% YTD
(Reporting by Biplob Kumar Das in Bengaluru)
India's Equitas Small Finance Bank June-Qtr Net Profit Rises
July 28 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
INDIA'S EQUITAS SMALL FINANCE BANK JUNE-QUARTER NET PROFIT 1.91 BILLION RUPEES VERSUS 970.1 MILLION RUPEES
EQUITAS SMALL FINANCE BANK JUNE-QUARTER INTERST EARNED 12.54 BILLION RUPEES VERSUS 9.40 BILLION RUPEES
EQUITAS SMALL FINANCE BANK JUNE-QUARTER PROVISIONS & CONTINGENCIES 600.7 MILLION RUPEES VERSUS 1.42 BILLION RUPEES
EQUITAS SMALL FINANCE BANK JUNE-QUARTER GROSS NPA 2.75% VERSUS 2.76% PREV QUARTER
EQUITAS SMALL FINANCE BANK JUNE-QUARTER NET NPA 1.18% VERSUS 1.21% PREV QUARTER
Source text for Eikon: ID:nNSE94BSMv
Further company coverage: EQUI.NS
July 28 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
INDIA'S EQUITAS SMALL FINANCE BANK JUNE-QUARTER NET PROFIT 1.91 BILLION RUPEES VERSUS 970.1 MILLION RUPEES
EQUITAS SMALL FINANCE BANK JUNE-QUARTER INTERST EARNED 12.54 BILLION RUPEES VERSUS 9.40 BILLION RUPEES
EQUITAS SMALL FINANCE BANK JUNE-QUARTER PROVISIONS & CONTINGENCIES 600.7 MILLION RUPEES VERSUS 1.42 BILLION RUPEES
EQUITAS SMALL FINANCE BANK JUNE-QUARTER GROSS NPA 2.75% VERSUS 2.76% PREV QUARTER
EQUITAS SMALL FINANCE BANK JUNE-QUARTER NET NPA 1.18% VERSUS 1.21% PREV QUARTER
Source text for Eikon: ID:nNSE94BSMv
Further company coverage: EQUI.NS
Equitas Small Finance Bank Provisional Gross Advances Up 36% Y/Y Quarter Ended June 30
July 5 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
PROVISIONAL TOTAL DEPOSITS AS OF JUNE 30 AT 277.09 BILLION RUPEES, UP 36% Y/Y
PROVISIONAL GROSS ADVANCES FOR JUNE QUARTER UP 36% YOY
Source text for Eikon: ID:nNSE7HkWT9
Further company coverage: EQUI.NS
July 5 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
PROVISIONAL TOTAL DEPOSITS AS OF JUNE 30 AT 277.09 BILLION RUPEES, UP 36% Y/Y
PROVISIONAL GROSS ADVANCES FOR JUNE QUARTER UP 36% YOY
Source text for Eikon: ID:nNSE7HkWT9
Further company coverage: EQUI.NS
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What does Equitas Small Fin. do?
Equitas Small Finance Bank focuses on serving financially unserved and underserved customer segments in India by offering a range of customized banking products and services, including small business loans, microfinance, and vehicle loans.
Who are the competitors of Equitas Small Fin.?
Equitas Small Fin. major competitors are CSB Bank, DCB Bank, Karnataka Bank, South Indian Bank, Tamilnad Mercantile, Utkarsh Small Fin., Ujjivan Small Fin. Market Cap of Equitas Small Fin. is ₹6,189 Crs. While the median market cap of its peers are ₹8,609 Crs.
Is Equitas Small Fin. financially stable compared to its competitors?
Equitas Small Fin. seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Equitas Small Fin. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Equitas Small Fin. latest dividend payout ratio is 14.2% and 3yr average dividend payout ratio is 16.78%
How has Equitas Small Fin. allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is Equitas Small Fin. balance sheet?
Latest balance sheet of Equitas Small Fin. is strong. Strength was visible historically as well.
Is the profitablity of Equitas Small Fin. improving?
No, profit is decreasing. The profit of Equitas Small Fin. is -₹67.49 Crs for TTM, ₹147 Crs for Mar 2025 and ₹799 Crs for Mar 2024.
Is Equitas Small Fin. stock expensive?
Equitas Small Fin. is not expensive. Latest PE of Equitas Small Fin. is 0 while 3 year average PE is 18.56. Also latest Price to Book of Equitas Small Fin. is 1.06 while 3yr average is 1.59.
Has the share price of Equitas Small Fin. grown faster than its competition?
Equitas Small Fin. has given lower returns compared to its competitors. Equitas Small Fin. has grown at ~-23.99% over the last 2yrs while peers have grown at a median rate of 2.1%
Is the promoter bullish about Equitas Small Fin.?
There is Insufficient data to gauge this.
Are mutual funds buying/selling Equitas Small Fin.?
The mutual fund holding of Equitas Small Fin. is increasing. The current mutual fund holding in Equitas Small Fin. is 45.2% while previous quarter holding is 43.27%.
