ALPHA TRIBE

Equitas Small Finance Bank LimitedBoard Meeting, 31-01-2025: Outcome of Board Meeting

31-01-2025 | 01:41 pm

The Board of Directors of Equitas Small Finance Bank has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Key highlights include:

- Total income reached ₹5353.80 Cr.

- Interest earned was ₹4667.75 Cr, while other income totaled ₹686.05 Cr.

- Operating profit before provisions stood at ₹1029.68 Cr.

- Net profit for the period was ₹1064.94 Cr.

- The Bank raised ₹500 Cr in Tier II capital during the period.

These results reflect a strong performance, underscoring the Bank's growth trajectory in the competitive finance sector.

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