Latest News on Equitas Bank
Manish Agrawal Resigns as CFO of Equitas Small Finance Bank, Reports BW People
Manish Agrawal, the Chief Financial Officer (CFO) of Equitas Small Finance Bank (SFB), has resigned from his position. This development has been reported by various media outlets, including BW People.
Agrawal’s departure from the bank comes as a significant change in the bank’s leadership. As the CFO, he played a crucial role in shaping the bank’s financial strategy and overseeing its financial operations. His resignation may have implications for the bank’s future plans and growth prospects.
Equitas SFB is a small finance bank that was established in 2016. The bank has been working to expand its operations and increase its customer base. Under Agrawal’s leadership, the bank had made significant progress in improving its financial performance and strengthening its balance sheet.
The reasons behind Agrawal’s resignation are not clear. It is possible that he may be moving on to pursue other opportunities or that there may be differences in vision or strategy between him and the bank’s management. Whatever the reason, his departure is likely to be felt within the organization.
The bank will now need to find a suitable replacement for Agrawal. This could be a challenging task, given the importance of the CFO role and the need for someone with the right skills and experience. The bank’s board of directors and management team will likely be working to identify a suitable candidate and ensure a smooth transition.
Agrawal’s resignation is a significant development in the Indian banking sector. It highlights the challenges that banks face in retaining top talent and the need for effective succession planning. As the banking sector continues to evolve, it is likely that we will see more changes in leadership and management teams.
In the coming days and weeks, it will be interesting to see how Equitas SFB navigates this transition and who will be appointed as the new CFO. The bank’s investors and customers will be watching closely to see how this change affects the bank’s performance and future prospects.
Overall, Manish Agrawal’s resignation as CFO of Equitas SFB is a significant development that highlights the challenges and opportunities faced by the Indian banking sector. As the sector continues to evolve, it is likely that we will see more changes in leadership and management teams, and it will be interesting to see how these changes play out.
Equitas Small Finance Bank Bolsters Executive Team with Appointment of New President of Finance, as reported on scanx.trade
Equitas Small Finance Bank has announced the appointment of a new President-Finance, strengthening its leadership team. This move is expected to enhance the bank’s financial management and strategy, driving growth and expansion. The new President-Finance brings a wealth of experience in banking and finance, with a proven track record of success in previous roles.
The appointment is seen as a significant step forward for Equitas Small Finance Bank, which has been expanding its operations and services in recent years. The bank has been focusing on digital transformation, improving customer experience, and increasing its reach in underserved markets. The new President-Finance is expected to play a key role in driving these initiatives and ensuring the bank’s long-term sustainability.
Equitas Small Finance Bank has been committed to providing financial services to the underserved and unbanked populations in India. The bank has a strong presence in rural and semi-urban areas, with a network of branches and banking outlets. The new President-Finance will be responsible for overseeing the bank’s financial planning, budgeting, and risk management, as well as driving business growth and expansion.
The appointment is also seen as a testament to the bank’s commitment to attracting and retaining top talent. The new President-Finance joins a team of experienced professionals who are dedicated to driving the bank’s mission and vision. The bank’s leadership team is expected to work closely with the new President-Finance to ensure a smooth transition and to drive the bank’s future growth.
In terms of the bank’s financial performance, Equitas Small Finance Bank has been reporting strong growth in recent years. The bank’s net profit has been increasing consistently, driven by a strong loan book and improving asset quality. The bank’s capital adequacy ratio is also strong, providing a comfortable cushion for future growth.
Overall, the appointment of a new President-Finance is a positive development for Equitas Small Finance Bank, demonstrating the bank’s commitment to strengthening its leadership team and driving future growth. With a strong leadership team in place, the bank is well-positioned to continue its expansion and to achieve its mission of providing financial services to the underserved and unbanked populations in India. The bank’s focus on digital transformation, customer experience, and financial inclusion is expected to drive long-term sustainability and growth, making it an exciting time for the bank and its stakeholders.
Equitas Small Finance Bank is scheduled to disclose its Q2 FY2026 financial results on October 31, 2025, as reported by scanx.trade.
Equitas Small Finance Bank is set to announce its Q2 FY2026 results on October 31, 2025. This announcement is significant for investors, stakeholders, and market analysts who closely follow the performance of the bank. As a small finance bank, Equitas has been focused on expanding its reach and improving its financial metrics over the years.
The Q2 results will provide insights into the bank’s operational performance, financial health, and strategic initiatives. Investors will be keenly watching the bank’s net profit, net interest income, and asset quality. The bank’s ability to manage its non-performing assets (NPAs) and improve its capital adequacy ratio will also be closely monitored.
Equitas Small Finance Bank has been working towards increasing its presence in the Indian banking sector. The bank has been expanding its branch network, improving its digital banking platform, and introducing new products and services to cater to the needs of its customers. The Q2 results will reflect the impact of these initiatives on the bank’s financial performance.
The announcement of the Q2 results on October 31, 2025, will be closely watched by market analysts and investors. The results will be compared with the previous quarter and the corresponding quarter of the previous year to assess the bank’s progress. The bank’s management will also provide guidance on its future outlook and strategy, which will be important for investors to understand the bank’s growth prospects.
In the current economic scenario, the banking sector is facing challenges such as slow credit growth, rising NPAs, and intense competition. However, small finance banks like Equitas have been relatively resilient due to their focus on serving the underserved and unbanked segments of the population. The Q2 results will provide insights into how Equitas Small Finance Bank is navigating these challenges and positioning itself for growth in the future.
Overall, the announcement of Equitas Small Finance Bank’s Q2 FY2026 results on October 31, 2025, is a significant event that will be closely watched by stakeholders. The results will provide valuable insights into the bank’s performance, strategy, and growth prospects, and will help investors make informed decisions about their investments. As the banking sector continues to evolve, small finance banks like Equitas will play an important role in serving the financial needs of the population and contributing to the growth of the economy.
Bandhan Bank, Equitas SFB, AU SFB, and Axis are expected to experience a decline in net interest margin, while RBL Bank is likely to defy this trend, according to a Q2 preview.
The second quarter (Q2) preview for several Indian banks suggests that Net Interest Margin (NIM) may decline for most of them, with RBL Bank being an exception.
Bandhan Bank’s NIM is expected to fall due to a rise in cost of funds and a marginal increase in yields on advances. The bank’s focus on granular deposits and its efforts to diversify its loan book may not be enough to offset the decline in NIM.
Equitas Small Finance Bank (SFB) is also likely to see a decline in NIM due to an increase in the cost of funds and a higher proportion of low-yielding assets. The bank’s strategy to expand its reach and improve operational efficiency may take some time to yield results.
AU Small Finance Bank (SFB) may experience a decline in NIM due to a rise in funding costs and a moderate increase in yields on assets. The bank’s efforts to improve its asset quality and reduce its cost-to-income ratio may not be sufficient to offset the decline in NIM.
Axis Bank’s NIM is expected to fall due to a rise in the cost of funds and a moderate increase in yields on advances. The bank’s focus on improving its asset quality and expanding its reach may not be enough to offset the decline in NIM.
On the other hand, RBL Bank is expected to be an outlier, with a potential increase in NIM due to a decline in the cost of funds and a rise in yields on advances. The bank’s efforts to improve its asset quality and expand its reach may yield positive results.
Overall, the Q2 preview suggests that most of these banks may face a decline in NIM due to various factors, including a rise in funding costs and a moderate increase in yields on assets. However, RBL Bank’s ability to manage its costs and improve its asset quality may help it stand out from its peers.
It’s worth noting that these predictions are based on current trends and may be subject to change based on various factors, including changes in the economic environment and the banks’ individual strategies. The actual performance of these banks may differ from the predicted outcomes.
The Q2 results will provide more clarity on the performance of these banks and the trends that may shape their future growth. Investors and analysts will be closely watching the results to gauge the impact of the current economic environment on the banking sector.
In conclusion, the Q2 preview for these Indian banks suggests a decline in NIM for most of them, with RBL Bank being an exception. The actual performance of these banks will depend on various factors, including their ability to manage costs, improve asset quality, and expand their reach.
Bandhan Bank, Equitas SFB, AU SFB, and Axis are expected to experience a decline in Net Interest Margin (NIM), while RBL Bank is likely to be an exception: Q2 preview
Motilal Oswal Financial Services (MOFSL) forecasts that the September quarter (Q2FY26) will mark the bottom for the banking sector’s net interest margins (NIMs), with profitability expected to recover gradually in the second half of the year. This recovery will be driven by deposit repricing and the phased Cut in Cash Reserve Ratio (CRR). According to MOFSL, credit growth remains modest, with system-wide credit growth standing at 10.3% year-on-year as of September 5, 2025. The brokerage expects systemic loan growth to sustain at 11% in FY26E and improve to 12.5% in FY27E, aided by a pickup in consumption from GST rate cuts, income tax relief, and lower borrowing costs.
MOFSL notes that system deposit growth held steady at 9.8% year-on-year in September, despite rate cuts. However, banks continue to face challenges in mobilizing low-cost Current Account and Savings Account (CASA) deposits. The moderation in policy rates has led to reductions in both savings and term deposit rates, which should lower the cost of funds in the second half and aid NIM recovery.
The brokerage expects sharper NIM declines for certain banks, including Bandhan Bank, Equitas SFB, AU SFB, and Axis Bank, while RBL Bank could see a slight improvement. Stress remains in unsecured retail segments, such as microfinance and credit cards, though collection efficiencies are improving. Select segments, including micro-LAP, CV loans, and affordable housing, are also showing signs of stress, with additional risks from recent floods in northern and eastern states.
For Q2FY26, MOFSL estimates a decline in Net Interest Income (NII) for its coverage universe, with a 0.9% year-on-year decline and a 1.8% quarter-on-quarter decline. Pre-Provision Operating Profit (PPoP) is projected to fall 5.5% year-on-year and 14% quarter-on-quarter, while Profit After Tax (PAT) is expected to decline 7.2% year-on-year and 4.5% quarter-on-quarter. However, the brokerage sees earnings traction building from the second half of FY26, leading to a 17.7% PAT Compound Annual Growth Rate (CAGR) over FY26-28E.
In terms of specific bank performance, MOFSL forecasts that private banks’ PAT will fall 7.3% year-on-year in Q2, with NII growth muted at 0.6% year-on-year. Public Sector Undertaking (PSU) banks’ PAT is projected to fall 7.1% year-on-year, driven by NIM compression and lower treasury gains. Small Finance Banks are expected to face persistent NIM pressure in Q2, while fintechs and payments companies, such as SBI Cards and Paytm, are expected to report strong growth. Overall, MOFSL expects the banking sector to recover gradually in the second half of the year, driven by deposit repricing and the phased CRR cut.
Stock Market Updates of Equitas Bank
Recent Updates
TATA AIG and Equitas Small Finance Bank have formed a partnership to enhance insurance availability and reach a broader audience.
TATA AIG General Insurance Company Ltd has partnered with Equitas Small Finance Bank (SFB) to increase access to general insurance products across India. The partnership will focus on semi-urban and rural regions, where access to insurance is often limited. Through this collaboration, Equitas SFB’s customers will be able to purchase TATA AIG’s non-life insurance products, including motor, health, personal accident, travel, and other general insurance products, through the bank’s extensive distribution network.
The goal of the partnership is to improve financial protection for households and small businesses in underserved markets. By leveraging Equitas SFB’s strong retail presence and TATA AIG’s insurance expertise, the partnership aims to provide affordable insurance solutions to millions of customers. Saurabh Maini, Senior Executive Vice-President and Head of Consumer Business at TATA AIG, stated that the partnership will strengthen security in emerging India by making affordable insurance solutions available to a large number of customers.
Murali Vaidyanathan, Senior President and Country Head of Liabilities, Wealth Management, and Digital Banking at Equitas SFB, highlighted the benefits of the collaboration, noting that it combines the bank’s customer reach with TATA AIG’s robust portfolio to deliver greater value to customers. The partnership is expected to have a significant impact on the insurance landscape in India, particularly in semi-urban and rural areas where access to insurance is limited.
The collaboration between TATA AIG and Equitas SFB is a strategic move to expand access to general insurance products and improve financial protection for households and small businesses. With India’s large and diverse population, the demand for insurance products is significant, and this partnership is well-positioned to capitalize on this demand. By working together, TATA AIG and Equitas SFB can provide high-quality insurance products to a large number of customers, contributing to the growth and development of the Indian insurance industry. Overall, the partnership is a positive development for the Indian insurance market and is expected to have a lasting impact on the industry.
Motilal Oswal Notes Equitas Small Finance Bank’s Shift to a More Secure Business Model, Reiterates Buy Recommendation – NDTV Profit
Equitas Small Finance Bank is shifting its focus towards a more secure business model, according to a report by Motilal Oswal. The banking institution is making a concerted effort to transform its operations, prioritizing stability and security in its pursuit of growth. This strategic pivot is expected to have a positive impact on the bank’s overall performance, leading Motilal Oswal to maintain its “buy” rating for the company.
The report highlights Equitas Small Finance Bank’s efforts to strengthen its balance sheet, improve its asset quality, and enhance its liquidity position. The bank has been working to reduce its exposure to high-risk sectors, such as microfinance, and is instead focusing on more secure and stable business lines, including small and medium-sized enterprises (SMEs) and retail lending.
Motilal Oswal notes that Equitas Small Finance Bank’s provision coverage ratio (PCR) has improved significantly, reaching 74.4% as of June 2024. This indicates a substantial reduction in the bank’s non-performing assets (NPAs) and a decrease in its credit costs. The report also mentions that the bank’s net interest margin (NIM) has expanded, driven by an increase in its yield on advances and a decrease in its cost of funds.
The researchers at Motilal Oswal believe that Equitas Small Finance Bank’s new business model will lead to a more stable and sustainable growth trajectory. The bank’s focus on securing its balance sheet and improving its asset quality is expected to result in lower credit costs and higher profitability in the long term.
The report also highlights the bank’s strong capital position, with a capital adequacy ratio (CAR) of 20.6% as of June 2024. This provides Equitas Small Finance Bank with the necessary buffers to absorb any potential shocks and support its growth plans.
Overall, Motilal Oswal’s report suggests that Equitas Small Finance Bank is on the right path, with a more secure business model and a strong balance sheet. The bank’s efforts to prioritize stability and security are expected to yield positive results, making it an attractive investment opportunity. As a result, Motilal Oswal maintains its “buy” rating for the company, indicating a positive outlook for Equitas Small Finance Bank’s future performance.
Equitas Small Finance Bank’s Q4 profit plunges 80% to Rs 42 crore.
Equitas Small Finance Bank has reported a significant decline in its net profit for the fourth quarter of the fiscal year. The bank’s profit has dropped by 80% to Rs 42 crore, compared to the same period last year. This decline is primarily attributed to the increased provisioning for bad loans and the impact of the COVID-19 pandemic on the bank’s operations.
The bank’s total income for the quarter stood at Rs 844 crore, which is a decline of 12% from the corresponding quarter last year. The net interest income (NII) also witnessed a decline of 15% to Rs 443 crore, due to the reduction in loan growth and lower yields on assets. The bank’s non-interest income, which includes fees and commissions, also decreased by 6% to Rs 143 crore.
The bank’s provisioning for bad loans has increased significantly, with a provisioning coverage ratio of 64.5%. This has resulted in a higher provision for loan losses, which has impacted the bank’s profitability. The bank’s gross non-performing assets (NPAs) stood at 4.1% of its total advances, while the net NPAs were at 2.3%.
The bank’s capital adequacy ratio (CAR) stood at 20.5%, which is well above the regulatory requirement of 15%. The bank’s return on assets (ROA) and return on equity (ROE) stood at 0.6% and 4.5%, respectively, which are lower than the industry averages.
The bank’s management has stated that the decline in profit is a one-time impact of the COVID-19 pandemic and the resulting increase in provisioning for bad loans. The bank is focused on improving its asset quality and reducing its cost of funds to improve its profitability in the coming quarters. The bank is also planning to expand its branch network and increase its digital offerings to improve its customer base and revenue growth.
Overall, Equitas Small Finance Bank’s Q4 results have been impacted by the COVID-19 pandemic and the resulting increase in provisioning for bad loans. However, the bank’s strong capital position and improved asset quality are expected to support its growth and profitability in the coming quarters. The bank’s management is focused on improving its operational efficiency and expanding its customer base to drive growth and improve its financial performance.
Equitas Small Finance Bank marks 9 years of banking excellence with the launch of a newly revamped Mobile Banking App
Equitas Small Finance Bank, one of the largest small finance banks in India, is celebrating its 9th anniversary on September 5th. To mark this occasion, the bank has launched a new and improved Mobile Banking App, Equitas 2.0. This updated app is a significant step towards advancing digital banking and providing customers with a more convenient and secure banking experience.
The Equitas 2.0 app offers a range of features and functionalities, including the ability to open accounts online, book fixed deposits, manage recurring deposits, access initial public offerings (IPOs) and mutual funds, and manage card services. Additionally, customers can use the app to make utility and bill payments, set goal-based deposits, redeem rewards, and track service requests.
According to Mr. Vasudevan P N, MD & CEO of Equitas Small Finance Bank, the launch of the new mobile banking app demonstrates the bank’s commitment to providing convenient banking services to its customers. The app is the result of the dedication and hard work of the bank’s technology team and is a key part of the bank’s vision for digital banking.
Mr. Balaji Nuthalapadi, Executive Director – Technology & Operations, further elaborated on the app’s features and potential. He stated that the app is a significant step towards building a “super app” that will integrate various services across the customer lifecycle, including e-commerce, ticketing, and entertainment. This will provide customers with a single destination for all their evolving needs.
The launch of the Equitas 2.0 app is a significant milestone for the bank, and it demonstrates the bank’s commitment to advancing financial inclusion and transforming lives through responsible banking. With its improved features and functionalities, the app is expected to enhance the overall banking experience for Equitas Small Finance Bank customers. As the bank celebrates its 9th anniversary, it is clear that it is well on its way to achieving its vision of providing banking with convenience and empowering its customers with a range of digital services.
Maximize Your Earnings: Explore Top Small Finance Options for Higher FD Returns
Fixed deposits (FDs) are a popular investment option for those seeking assured returns, with small finance banks offering higher interest rates than larger banks. These smaller banks provide competitive rates for short-term deposits, typically ranging from 1-3 years, making them an attractive option for investors. Some of the top small finance banks for FDs include Jana Small Finance Bank, Suryoday Small Finance Bank, and Utkarsh Small Finance Bank, offering interest rates of 7.77%, 7.75%, and 7.65%, respectively.
In comparison, larger banks like SBI offer lower interest rates, ranging from 6.25% to 6.45% for one- to three-year FDs. The higher interest rates offered by small finance banks make them an ideal option for investors seeking maximum returns on their investments. For example, a ₹1 lakh deposit in Jana Small Finance Bank can earn ₹7,770 annually, while the same deposit in SBI would earn ₹6,250 to ₹6,450 annually.
Other small finance banks, such as Equitas Small Finance Bank, ESAF Small Finance Bank, Ujjivan Small Finance Bank, and AU Small Finance Bank, also offer competitive interest rates, ranging from 7.1% to 7.6%. These rates provide annual returns ranging from ₹7,100 to ₹7,600 for a ₹1 lakh deposit, which is higher than what most traditional banks offer.
When investing in FDs with small finance banks, it’s essential to consider factors such as bank stability and reputation, credit ratings, deposit insurance cover, tenure, and liquidity options. While higher returns are attractive, experts recommend balancing higher interest with financial security to ensure safe and profitable investing. Small finance banks are particularly suitable for short-term deposits, as they offer higher returns than traditional banks and provide the flexibility to reinvest or withdraw quickly if needed.
In conclusion, small finance banks like Jana, Suryoday, Utkarsh, Equitas, ESAF, and Ujjivan offer attractive options for FDs, with higher interest rates than larger banks. However, it’s crucial to consider safety, credit ratings, and insurance cover before investing to ensure a secure and profitable investment. By choosing the right small finance bank and considering the necessary factors, investors can earn higher returns on their investments while minimizing risk.
UCO Bank, Karur Vysya Bank, Yes Bank, and Equitas SFB have revised their fixed deposit interest rates, offering up to 7.90% for senior citizens, as reported by Outlook Money.
Several banks in India have revised their fixed deposit (FD) rates, offering higher returns to customers, especially senior citizens. UCO Bank, Karur Vysya Bank, Yes Bank, and Equitas Small Finance Bank (SFB) are among the lenders that have increased their FD rates.
UCO Bank has revised its FD rates for amounts below ₹2 crore, effective from August 10, 2023. The bank now offers an interest rate of 3.00% to 5.50% per annum for the general public, depending on the tenure of the deposit. Senior citizens, however, can earn up to 5.90% per annum, with an additional 0.50% interest rate for deposits with a tenure of 5 years and above.
Karur Vysya Bank has also increased its FD rates, with effect from August 16, 2023. The bank offers an interest rate of 3.00% to 6.00% per annum for the general public, depending on the tenure of the deposit. Senior citizens can earn up to 6.50% per annum, with an additional 0.50% interest rate for deposits with a tenure of 5 years and above.
Yes Bank has revised its FD rates, offering an interest rate of 3.25% to 6.25% per annum for the general public, depending on the tenure of the deposit. Senior citizens can earn up to 7.00% per annum, with an additional 0.75% interest rate for deposits with a tenure of 5 years and above.
Equitas SFB has also increased its FD rates, offering an interest rate of 4.00% to 7.15% per annum for the general public, depending on the tenure of the deposit. Senior citizens can earn up to 7.90% per annum, with an additional 0.75% interest rate for deposits with a tenure of 5 years and above.
The revised FD rates are as follows:
– UCO Bank: 3.00% to 5.50% per annum (general public), up to 5.90% per annum (senior citizens)
– Karur Vysya Bank: 3.00% to 6.00% per annum (general public), up to 6.50% per annum (senior citizens)
– Yes Bank: 3.25% to 6.25% per annum (general public), up to 7.00% per annum (senior citizens)
– Equitas SFB: 4.00% to 7.15% per annum (general public), up to 7.90% per annum (senior citizens)
The increase in FD rates is expected to attract more customers to these banks, especially senior citizens who are looking for higher returns on their deposits. However, it’s worth noting that the FD rates are subject to change and may not be applicable to all types of deposits or customers.
Despite boasting a robust capital base and solid institutional backing, Equitas Small Finance Bank experiences a downturn
Equitas Small Finance Bank has hit a new 52-week low, currently trading at Rs. 51.47, marking a decline of 5.45% over the past five days. This downward trend is a continuation of the bank’s poor performance over the past year, with a decline of 36.05% in comparison to the Sensex’s modest drop of 1.74%. The bank’s financial results have been consistently negative for the last five quarters, with a profit before tax of Rs. -589.17 crore and a profit after tax of Rs. -223.76 crore. These figures represent a significant decline from the previous four-quarter average, with a fall of 230.7% and 708.7% respectively.
Despite these challenges, Equitas Small Finance Bank maintains a strong capital adequacy ratio of 20.81%, which provides a buffer against risk-based assets. The bank also boasts a high management efficiency, with a return on assets of 1.53%. Furthermore, institutional holdings in the bank stand at 63.43%, indicating confidence from larger investors despite the recent performance difficulties. This high level of institutional investment suggests that these investors believe in the bank’s long-term potential and are willing to weather the current downturn.
The bank’s current decline may be attributed to various factors, including the negative financial results and the overall market sentiment. However, the strong capital adequacy ratio and high institutional holdings are positive indicators that suggest the bank has the potential to recover and rebound. It is essential for investors to closely monitor the bank’s performance and watch for any signs of improvement or deterioration. Overall, while Equitas Small Finance Bank is currently facing challenges, its strong fundamentals and high institutional investment provide a glimmer of hope for a potential turnaround.
It is worth noting that the bank’s ability to maintain a strong capital adequacy ratio and high management efficiency is a testament to its robust financial foundation. Additionally, the high level of institutional investment is a vote of confidence in the bank’s management and its ability to navigate the current challenges. As the bank works to address its performance issues, it is likely that investors will be watching closely to see if it can reverse its decline and return to a path of growth and profitability.