Equitas Small Finance Bank Limited — Updates, 31-01-2025: Press Release

Deposits at Equitas Small Finance Bank increased by 26% year-on-year, showcasing strong retail term deposit (TD) growth of 31% YoY. The bank raised Rs. 500 Cr through Tier-II Bonds and reported a gross advances total of Rs. 37,344 Cr, marking a 14% YoY growth. The balance sheet size exceeded Rs. 50,000 Cr.

Key highlights for Q3FY25 include an improved yield on gross advances at 16.55%, along with a non-microfinance book growth of 20% YoY. Vehicle finance reached over Rs. 9,000 Cr, with used car advances growing by 55% YoY. The CASA ratio was stable at 29%, and the bank's net interest margin (NIM) was reported at 7.39%.

Profit after tax for Q3FY25 was Rs. 66 Cr. Asset quality showed improvement, with net slippages decreasing to 3.15%, while gross non-performing assets (GNPA) edged up slightly to 2.97%. Positively, the net non-performing assets (NNPA) ratio improved to 0.96%. Overall, the bank maintains a solid financial position, highlighting a positive outlook amidst growth trajectories.