Equitas Small Fin.
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Equitas Small Finance Bank secured a sharp reduction in its FY23 goods-and-services-tax show-cause notice, with the amount proposed to be assessed falling to Rs23.95 crore from Rs533.81 crore. The revision followed a personal hearing on September 25 and a communication dated September 28 from the Tamil Nadu deputy commissioner, and comprised tax of Rs21.67 crore, interest of Rs0.11 crore and penalty of Rs2.17 crore. The lower computation reflected a substantial drop in the exemption-related turnover after the bank's submissions on interest income from loans and advances, though certain receipts and reconciliation items remained subject to document verification. The bank considered even the residual amount exempt and would submit further evidence, with further progress to follow. The original notice, received on September 21, had proposed tax of Rs485.18 crore, including Rs479.33 crore from disallowance of exemption on loan-interest turnover, besides interest and penalty. The lender operated a mass-retail secured book, with small business loans at about 42% of advances, vehicle finance at about 23% and affordable housing at about 12%, and reported total income of Rs2,216 crore and net profit of Rs184 crore for the June quarter. Its capital adequacy stood at 19.44% at the end of June.
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Equitas Small Finance Bank secured a sharp reduction in its FY23 goods-and-services-tax show-cause notice, with the amount proposed to be assessed falling to Rs23.95 crore from Rs533.81 crore. The revision followed a personal hearing on September 25 and a communication dated September 28 from the Tamil Nadu deputy commissioner, and comprised tax of Rs21.67 crore, interest of Rs0.11 crore and penalty of Rs2.17 crore. The lower computation reflected a substantial drop in the exemption-related turnover after the bank's submissions on interest income from loans and advances, though certain receipts and reconciliation items remained subject to document verification. The bank considered even the residual amount exempt and would submit further evidence, with further progress to follow. The original notice, received on September 21, had proposed tax of Rs485.18 crore, including Rs479.33 crore from disallowance of exemption on loan-interest turnover, besides interest and penalty. The lender operated a mass-retail secured book, with small business loans at about 42% of advances, vehicle finance at about 23% and affordable housing at about 12%, and reported total income of Rs2,216 crore and net profit of Rs184 crore for the June quarter. Its capital adequacy stood at 19.44% at the end of June.
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MUMBAI, Sept 24 (Reuters) - India's Equitas Small Finance Bank EQUI.NS has accepted bids worth 5 billion rupees ($52.11 million) for the sale of bonds maturing in 10 years, three bankers said on Thursday.
It will pay a coupon of 9.95% and had invited commitment bids for the issue earlier in the day, they said, adding that the bond will have a call option exercisable after five years.
The lender did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Equitas Small Finance Bank | 10 years | 9.95 | 5 | September 24 | AA- (Care) |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.20 (yield) | 8.15 | September 24 | AAA (Crisil, India Ratings) |
RJ Corp | 3 years | 8.10 | 3.75 | September 23 | AAA (Crisil) |
RJ Corp | 3 years | 8.20 | 6.35 | September 23 | AAA (Crisil) |
Embassy Office Parks REIT | 3 years | floating | 10 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.9525 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, Sept 24 (Reuters) - India's Equitas Small Finance Bank EQUI.NS has accepted bids worth 5 billion rupees ($52.11 million) for the sale of bonds maturing in 10 years, three bankers said on Thursday.
It will pay a coupon of 9.95% and had invited commitment bids for the issue earlier in the day, they said, adding that the bond will have a call option exercisable after five years.
The lender did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Equitas Small Finance Bank | 10 years | 9.95 | 5 | September 24 | AA- (Care) |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.20 (yield) | 8.15 | September 24 | AAA (Crisil, India Ratings) |
RJ Corp | 3 years | 8.10 | 3.75 | September 23 | AAA (Crisil) |
RJ Corp | 3 years | 8.20 | 6.35 | September 23 | AAA (Crisil) |
Embassy Office Parks REIT | 3 years | floating | 10 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.9525 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, Sept 23 (Reuters) - India's Equitas Small Finance Bank EQUI.NS plans to raise up to 5 billion rupees ($52.24 million) through the sale of bonds maturing in 10 years, three bankers said on Wednesday.
It will pay a coupon of 9.95% and has invited commitment bids for the issue on Thursday, they said, adding that the bond will have a call option exercisable after five years.
The lender did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Equitas Small Finance Bank | 10 years | 9.95 | 5 | September 24 | AA- (Care) |
Tata Capital Housing | 3 years | 8.20 | 10+7.25 | September 24 | AAA (Crisil, Icra) |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | To be decided | 5+10 | September 24 | AAA (Crisil, India Ratings) |
Clean Max Enviro | 2 years | 8.25 | 2 | September 24 | AA (Crisil) |
Clean Max Enviro | 3 years | 8.4850 | 4 | September 24 | AA (Crisil) |
Clean Max Enviro | 5 years | 8.7650 | 8.07 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 6.15 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 4.78 | September 24 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.7200 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
MUMBAI, Sept 23 (Reuters) - India's Equitas Small Finance Bank EQUI.NS plans to raise up to 5 billion rupees ($52.24 million) through the sale of bonds maturing in 10 years, three bankers said on Wednesday.
It will pay a coupon of 9.95% and has invited commitment bids for the issue on Thursday, they said, adding that the bond will have a call option exercisable after five years.
The lender did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Equitas Small Finance Bank | 10 years | 9.95 | 5 | September 24 | AA- (Care) |
Tata Capital Housing | 3 years | 8.20 | 10+7.25 | September 24 | AAA (Crisil, Icra) |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | To be decided | 5+10 | September 24 | AAA (Crisil, India Ratings) |
Clean Max Enviro | 2 years | 8.25 | 2 | September 24 | AA (Crisil) |
Clean Max Enviro | 3 years | 8.4850 | 4 | September 24 | AA (Crisil) |
Clean Max Enviro | 5 years | 8.7650 | 8.07 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 6.15 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 4.78 | September 24 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.7200 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
Equitas Small Finance Bank received Form GST DRC-01 on 21 September 2026 together with a show cause notice dated 19 September 2026 from the Deputy Commissioner (ST), Central-III Zone, Tamil Nadu, for financial year 2022-23. The notice proposed an aggregate demand of Rs 533.81 crore, comprising tax of Rs 485.18 crore, interest of Rs 11.10 lakh and penalty of Rs 48.52 crore, with Rs 479.33 crore relating to proposed disallowance of exemption on turnover substantially pertaining to interest income from loans and advances, alongside other issues including short payment, suppressed turnover, reverse charge, credit notes, branch transfers and input tax credit. The bank said consideration by way of interest or discount on deposits, loans or advances is exempt under Entry 27(a) of Notification No. 12/2017-Central Tax (Rate), a treatment it had consistently applied and which prior-year assessments had accepted without taxing such interest, and added that it had substantive grounds to contest all matters and would file a detailed response with reconciliations within the prescribed timeline, noting the notice was at the show-cause stage and not a final liability. The bank reported total income of Rs 2,216 crore and net profit of Rs 184 crore for the June quarter, with gross non-performing assets at 2.42% and net non-performing assets at 0.71%. Its advances were led by small business loans at about 42% and vehicle finance at about 23%, with more than 88% of the book secured and retail deposits at 68% of total deposits.
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Equitas Small Finance Bank received Form GST DRC-01 on 21 September 2026 together with a show cause notice dated 19 September 2026 from the Deputy Commissioner (ST), Central-III Zone, Tamil Nadu, for financial year 2022-23. The notice proposed an aggregate demand of Rs 533.81 crore, comprising tax of Rs 485.18 crore, interest of Rs 11.10 lakh and penalty of Rs 48.52 crore, with Rs 479.33 crore relating to proposed disallowance of exemption on turnover substantially pertaining to interest income from loans and advances, alongside other issues including short payment, suppressed turnover, reverse charge, credit notes, branch transfers and input tax credit. The bank said consideration by way of interest or discount on deposits, loans or advances is exempt under Entry 27(a) of Notification No. 12/2017-Central Tax (Rate), a treatment it had consistently applied and which prior-year assessments had accepted without taxing such interest, and added that it had substantive grounds to contest all matters and would file a detailed response with reconciliations within the prescribed timeline, noting the notice was at the show-cause stage and not a final liability. The bank reported total income of Rs 2,216 crore and net profit of Rs 184 crore for the June quarter, with gross non-performing assets at 2.42% and net non-performing assets at 0.71%. Its advances were led by small business loans at about 42% and vehicle finance at about 23%, with more than 88% of the book secured and retail deposits at 68% of total deposits.
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Sept 22 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - GETS NOTICE WITH DEMAND OF 5.34 BILLION RUPEES INCLUDING TAX, INTEREST, PENALTY
Source text: ID:nNSE4XzY0F
Further company coverage: EQUI.NS
(Reporting by Anushka Rajvedi)
(([email protected];))
Sept 22 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - GETS NOTICE WITH DEMAND OF 5.34 BILLION RUPEES INCLUDING TAX, INTEREST, PENALTY
Source text: ID:nNSE4XzY0F
Further company coverage: EQUI.NS
(Reporting by Anushka Rajvedi)
(([email protected];))
Equitas Small Finance Bank's board approved the issuance of up to Rs500 crore of rated, listed, lower tier-II non-convertible debentures on a private placement basis. The issue comprised up to 50,000 subordinated, redeemable bonds of Rs1 lakh each in dematerialised form, proposed for listing on BSE. The approval followed a 9 September intimation that the board would consider a lower tier-II placement on 16 September. Capital adequacy stood at 19.44% at the end of June, after Rs1,000 crore of tier-II capital raised across FY25-26. Quarterly total income was Rs2,216 crore in the June quarter, with advances centred on small business loans at around 42% and vehicle finance at around 23%.
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Equitas Small Finance Bank's board approved the issuance of up to Rs500 crore of rated, listed, lower tier-II non-convertible debentures on a private placement basis. The issue comprised up to 50,000 subordinated, redeemable bonds of Rs1 lakh each in dematerialised form, proposed for listing on BSE. The approval followed a 9 September intimation that the board would consider a lower tier-II placement on 16 September. Capital adequacy stood at 19.44% at the end of June, after Rs1,000 crore of tier-II capital raised across FY25-26. Quarterly total income was Rs2,216 crore in the June quarter, with advances centred on small business loans at around 42% and vehicle finance at around 23%.
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Sept 16 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - BOARD APPROVES ISSUANCE OF UP TO 50,000 NON-CONVERTIBLE DEBENTURES
EQUITAS SMALL FINANCE BANK - RAISING CAPITAL THROUGH ISSUANCE OF NCDS UP TO 5 BILLION RUPEES
Source text: ID:nBSE7NZhFQ
Further company coverage: EQUI.NS
(([email protected];))
Sept 16 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - BOARD APPROVES ISSUANCE OF UP TO 50,000 NON-CONVERTIBLE DEBENTURES
EQUITAS SMALL FINANCE BANK - RAISING CAPITAL THROUGH ISSUANCE OF NCDS UP TO 5 BILLION RUPEES
Source text: ID:nBSE7NZhFQ
Further company coverage: EQUI.NS
(([email protected];))
Sept 9 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
TO CONSIDER RAISING CAPITAL VIA TIER II BONDS ISSUANCE
Further company coverage: EQUI.NS
(([email protected];))
Sept 9 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
TO CONSIDER RAISING CAPITAL VIA TIER II BONDS ISSUANCE
Further company coverage: EQUI.NS
(([email protected];))
CARE Ratings assigned a CARE AA- rating with a stable outlook to Equitas Small Finance Bank’s proposed ₹500 crore Tier II bond issue. The rating agency required revalidation if the issue was not made within six months of its initial communication on 4 September 2026, and requested the final issue details after placement. The bank had raised ₹1,000 crore of Tier II bonds in FY25-26. Its capital adequacy ratio stood at 19.44% in June 2026, and it had approval to raise ₹1,250 crore through a QIP.
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CARE Ratings assigned a CARE AA- rating with a stable outlook to Equitas Small Finance Bank’s proposed ₹500 crore Tier II bond issue. The rating agency required revalidation if the issue was not made within six months of its initial communication on 4 September 2026, and requested the final issue details after placement. The bank had raised ₹1,000 crore of Tier II bonds in FY25-26. Its capital adequacy ratio stood at 19.44% in June 2026, and it had approval to raise ₹1,250 crore through a QIP.
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Aug 18 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - SAYS ONLY ONE DEPOSIT DEAL WITH UNICO; NO OTHER TRANSACTIONS TO DATE
Source text: ID:nNSE3NVWM5
Further company coverage: EQUI.NS
(([email protected];))
Aug 18 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - SAYS ONLY ONE DEPOSIT DEAL WITH UNICO; NO OTHER TRANSACTIONS TO DATE
Source text: ID:nNSE3NVWM5
Further company coverage: EQUI.NS
(([email protected];))
Equitas Small Finance Bank scheduled one-to-one meetings with Janchor Partners, White Oak Capital Management and Goldman Sachs Asset Management (India) in Mumbai on August 12 as part of a non-deal roadshow. No unpublished price-sensitive information was to be shared, and a presentation covering the bank's first-quarter performance was available on its website. Secured lending accounted for more than 88% of advances, while microfinance made up about 10% after falling from roughly 20% in fiscal 2024. In the June quarter, Equitas reported profit after tax of ₹184 crore, gross non-performing assets of 2.42% and capital adequacy of 19.44%.
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Equitas Small Finance Bank scheduled one-to-one meetings with Janchor Partners, White Oak Capital Management and Goldman Sachs Asset Management (India) in Mumbai on August 12 as part of a non-deal roadshow. No unpublished price-sensitive information was to be shared, and a presentation covering the bank's first-quarter performance was available on its website. Secured lending accounted for more than 88% of advances, while microfinance made up about 10% after falling from roughly 20% in fiscal 2024. In the June quarter, Equitas reported profit after tax of ₹184 crore, gross non-performing assets of 2.42% and capital adequacy of 19.44%.
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July 28 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
Q1 NET PROFIT 1.84 BILLION RUPEES
Q1 GROSS NPA 2.42%
Q1 INTEREST EARNED 19.6 BILLION RUPEES
Q1 PROVISIONS & CONTINGENCIES 1.61 BILLION RUPEES
Further company coverage: EQUI.NS
(([email protected];))
July 28 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
Q1 NET PROFIT 1.84 BILLION RUPEES
Q1 GROSS NPA 2.42%
Q1 INTEREST EARNED 19.6 BILLION RUPEES
Q1 PROVISIONS & CONTINGENCIES 1.61 BILLION RUPEES
Further company coverage: EQUI.NS
(([email protected];))
July 2 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD- TOTAL DEPOSITS UP 10.44% Y/Y AS OF JUNE 30
EQUITAS SMALL FINANCE BANK LTD - GROSS ADVANCES UP 26.70% Y/Y AS OF JUNE END
Further company coverage: EQUI.NS
(([email protected];))
July 2 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK LTD- TOTAL DEPOSITS UP 10.44% Y/Y AS OF JUNE 30
EQUITAS SMALL FINANCE BANK LTD - GROSS ADVANCES UP 26.70% Y/Y AS OF JUNE END
Further company coverage: EQUI.NS
(([email protected];))
June 30 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
CFO N SRIDHARAN SUPERANNUATES
APPOINTS MUKUND SHYAMRAO BARSAGADE AS CFO EFFECTIVE JULY 1, 2026
Source text: ID:nNSE6YBGny
Further company coverage: EQUI.NS
(([email protected];))
June 30 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
CFO N SRIDHARAN SUPERANNUATES
APPOINTS MUKUND SHYAMRAO BARSAGADE AS CFO EFFECTIVE JULY 1, 2026
Source text: ID:nNSE6YBGny
Further company coverage: EQUI.NS
(([email protected];))
Equitas Small Finance Bank's board on June 24 approved a plan to seek shareholders' nod for raising up to ₹1,250 crore through a qualified institutions placement and up to ₹500 crore via non-convertible debentures on a private placement basis. The enabling resolutions will be placed before the bank's tenth annual general meeting, scheduled for September 9, 2026, and remain subject to regulatory approvals. Separately, the board re-appointed P.N. Vasudevan as managing director and CEO for a further three years from July 23, 2026, based on RBI approval, and named Mukund Shyamrao Barsagade as the new chief financial officer effective July 1, succeeding N. Sridharan, who retires upon superannuation. Taraka Ramana Prathipati was appointed interim chief risk officer for six months following the end of the incumbent CRO's term.
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Equitas Small Finance Bank's board on June 24 approved a plan to seek shareholders' nod for raising up to ₹1,250 crore through a qualified institutions placement and up to ₹500 crore via non-convertible debentures on a private placement basis. The enabling resolutions will be placed before the bank's tenth annual general meeting, scheduled for September 9, 2026, and remain subject to regulatory approvals. Separately, the board re-appointed P.N. Vasudevan as managing director and CEO for a further three years from July 23, 2026, based on RBI approval, and named Mukund Shyamrao Barsagade as the new chief financial officer effective July 1, succeeding N. Sridharan, who retires upon superannuation. Taraka Ramana Prathipati was appointed interim chief risk officer for six months following the end of the incumbent CRO's term.
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June 24 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - TO RAISE UP TO 5 BILLION RUPEES VIA NON-CONVERTIBLE DEBT SECURITIES
EQUITAS SMALL FINANCE BANK - TO RAISE UP TO 12.50 BILLION RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT
EQUITAS SMALL FINANCE BANK - APPROVES RE-APPOINTMENT OF VASUDEVAN P N AS MD CEO
EQUITAS SMALL FINANCE BANK LTD - APPOINTS MUKUND SHYAMRAO BARSAGADE AS CHIEF FINANCIAL OFFICER
Source text: ID:nNSE5tCSbn
Further company coverage: EQUI.NS
(([email protected];))
June 24 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - TO RAISE UP TO 5 BILLION RUPEES VIA NON-CONVERTIBLE DEBT SECURITIES
EQUITAS SMALL FINANCE BANK - TO RAISE UP TO 12.50 BILLION RUPEES VIA QUALIFIED INSTITUTIONS PLACEMENT
EQUITAS SMALL FINANCE BANK - APPROVES RE-APPOINTMENT OF VASUDEVAN P N AS MD CEO
EQUITAS SMALL FINANCE BANK LTD - APPOINTS MUKUND SHYAMRAO BARSAGADE AS CHIEF FINANCIAL OFFICER
Source text: ID:nNSE5tCSbn
Further company coverage: EQUI.NS
(([email protected];))
June 19 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - TO CONSIDER ISSUANCE OF DEBT SECURITIES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE22B8XR
Further company coverage: EQUI.NS
(([email protected];))
June 19 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - TO CONSIDER ISSUANCE OF DEBT SECURITIES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSE22B8XR
Further company coverage: EQUI.NS
(([email protected];))
June 18 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - HIKES FCNR (B) USD DEPOSIT RATES TO 7.13% P.A. FOR 3-5 YEARS
Source text: ID:nBSE96Rfyj
Further company coverage: EQUI.NS
(([email protected];;))
June 18 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK - HIKES FCNR (B) USD DEPOSIT RATES TO 7.13% P.A. FOR 3-5 YEARS
Source text: ID:nBSE96Rfyj
Further company coverage: EQUI.NS
(([email protected];;))
June 1 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK -RBI APPROVES MIRAE ASSET MUTUAL FUND TO BUY AGGREGATE STAKE UP TO 9.50% OF CO
Source text: [ID:]
Further company coverage: EQUI.NS
(([email protected];))
June 1 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK -RBI APPROVES MIRAE ASSET MUTUAL FUND TO BUY AGGREGATE STAKE UP TO 9.50% OF CO
Source text: [ID:]
Further company coverage: EQUI.NS
(([email protected];))
** Shares of Equitas Small Finance Bank EQUI.NS surge 7.9% to 72.14 rupees
** Lender reports five-fold jump in Q4 net profit on lower credit costs with an improved asset quality
** Percentage of gross non-performing loans improved to 2.60% from 2.75% prev qtr; provisions down 52% Y/Y
** Emkay Global upgrades EQUI to "add" from "reduce" with PT of 75 rupees factoring in co's sharp and sustained turnaround
** After reporting a massive loss in Q1 FY26, EQUI has made a strong comeback with sustained credit growth acceleration to 18% YoY, sharp margin expansion and reduced credit costs as MFI stress is largely behind - Emkay
** BOBCaps expects EQUI's loans to grow at 20% CAGR over FY26-29 with return ratios improving on healthy growth, lower credit costs
** YTD, stock up 14.5%
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Equitas Small Finance Bank EQUI.NS surge 7.9% to 72.14 rupees
** Lender reports five-fold jump in Q4 net profit on lower credit costs with an improved asset quality
** Percentage of gross non-performing loans improved to 2.60% from 2.75% prev qtr; provisions down 52% Y/Y
** Emkay Global upgrades EQUI to "add" from "reduce" with PT of 75 rupees factoring in co's sharp and sustained turnaround
** After reporting a massive loss in Q1 FY26, EQUI has made a strong comeback with sustained credit growth acceleration to 18% YoY, sharp margin expansion and reduced credit costs as MFI stress is largely behind - Emkay
** BOBCaps expects EQUI's loans to grow at 20% CAGR over FY26-29 with return ratios improving on healthy growth, lower credit costs
** YTD, stock up 14.5%
(Reporting by Kashish Tandon in Bengaluru)
April 30 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 2.13 BILLION RUPEES
EQUITAS SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 2.6%
EQUITAS SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 18.36 BILLION RUPEES
EQUITAS SMALL FINANCE BANK MARCH-QUARTER PROVISIONS & CONTINGENCIES 1.24 BILLION RUPEES
Source text: [ID:]
Further company coverage: EQUI.NS
(([email protected];))
April 30 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
EQUITAS SMALL FINANCE BANK MARCH-QUARTER NET PROFIT 2.13 BILLION RUPEES
EQUITAS SMALL FINANCE BANK MARCH-QUARTER GROSS NPA 2.6%
EQUITAS SMALL FINANCE BANK MARCH-QUARTER INTEREST EARNED 18.36 BILLION RUPEES
EQUITAS SMALL FINANCE BANK MARCH-QUARTER PROVISIONS & CONTINGENCIES 1.24 BILLION RUPEES
Source text: [ID:]
Further company coverage: EQUI.NS
(([email protected];))
April 23 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
RBI APPROVES RE-APPOINTMENT OF VASUDEVAN P N AS MD & CEO FOR 3 YEARS
Source text: ID:nBSE7SFY7
Further company coverage: EQUI.NS
(([email protected];;))
April 23 (Reuters) - Equitas Small Finance Bank Ltd EQUI.NS:
RBI APPROVES RE-APPOINTMENT OF VASUDEVAN P N AS MD & CEO FOR 3 YEARS
Source text: ID:nBSE7SFY7
Further company coverage: EQUI.NS
(([email protected];;))
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
(([email protected];))
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
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
** 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)
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
(([email protected];))
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
(([email protected];))
** 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)
(([email protected]; 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)
(([email protected]; Mobile: +91 9591011727;))
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)
(([email protected]; +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)
(([email protected]; +918447554364;))
** 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)
(([email protected];))
** 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)
(([email protected];))
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
(([email protected];;))
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
(([email protected];;))
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Popular questions
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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 DCB Bank, CSB Bank, Karnataka Bank, South Indian Bank, Ujjivan Small Fin, Utkarsh Small Fin., Tamilnad Mercantile. Market Cap of Equitas Small Fin. is ₹7,843 Crs. While the median market cap of its peers are ₹12,142 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 14.2%
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?
The profit is oscillating. The profit of Equitas Small Fin. is ₹510 Crs for TTM, ₹103 Crs for Mar 2026 and ₹147 Crs for Mar 2025.
Is Equitas Small Fin. stock expensive?
Equitas Small Fin. is not expensive. Latest PE of Equitas Small Fin. is 15.36 while 3 year average PE is 21.47. Also latest Price to Book of Equitas Small Fin. is 1.28 while 3yr average is 1.53.
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 ~-5.12% over the last 3yrs while peers have grown at a median rate of 12.58%
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 45.64% while previous quarter holding is 45.16%.