Equitas Small Finance Bank Limited — Updates, 08-11-2024: Press Release

Equitas Small Finance Bank reported a 29% YoY growth in deposits and a 15% YoY increase in gross advances for the half-year ending September 2024. The bank proactively increased provisions for its microfinance portfolio, impacting PAT, which stood at Rs. 13 Cr. Despite sector stress, it aims to enhance lending discipline. The capital adequacy ratio is solid at 19.36%. Asset quality saw a slight deterioration, with GNPA at 2.95% and NNPA at 0.97%.