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

CARE Ratings has reaffirmed Equitas Small Finance Bank’s issuer rating and its Lower Tier II Bonds rating at CARE AA- with a stable outlook, and the Certificate of Deposit rating at CARE A1+. The reaffirmation reflects the bank’s consistent operational and financial performance in FY25, supporting a stable credit profile. The assigned rating for the proposed Rs. 500 crore Lower Tier II Bonds indicates strong investor confidence and provides the bank with strategic flexibility in raising long-term capital. These stable ratings are likely to help maintain competitive borrowing costs and support the bank’s funding profile going forward.