Equitas Small Finance Bank Limited — Credit Ratings, 10-07-2025: Credit Rating- Others

India Ratings has assigned a stable IND AA- rating to Equitas Small Finance Bank’s unutilized Tier II bonds worth Rs. 50 Cr and affirmed the IND AA- stable rating on existing Tier II bonds of Rs. 50 Cr and the issuer rating. The certificate of deposit program of Rs. 250 Cr retains its IND A1+ rating. These actions reflect the bank’s stable credit profile supported by adequate capitalization and consistent financial performance. The stable outlook indicates steady credit risk, which should help maintain investor confidence and support competitive borrowing costs for the bank’s debt instruments.