Equitas Small Fin. Share Price
Equitas Small Finance Bank Ltd.
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About Equitas Small Fin.
Originally founded on June 21, 1993, under the name V.A.P. Finance Private Limited, the company changed its name to Equitas Finance Private Limited in August 2011. Equitas Holdings Limited bought the company in 2011. After becoming a publicly traded company in September 2015, the company officially changed its name to Equitas Finance Limited. One of India's most prominent micro-lending institutions is Equitas Bank.
Located in one of the world's fastest-growing economies, this cutting-edge financial institution provides a wide range of banking options for individuals, small businesses, and large corporations. Using granular deposits and "value for money" banking relationships, the Bank's long-standing objective is to provide credit to micro and small business owners who are otherwise unbanked or underbanked.
Provision of Small Business Loans (SBLs), including loans against property, housing loans, and agriculture loans to micro-entrepreneurs, microfinance to joint liability groups predominantly comprised of women used and new commercial vehicle loans to drivers and micro-entrepreneurs are just some of the Bank's asset products that are suited to a wide range of customers with varying profiles. Micro, small, and medium-sized enterprises (NBFCs) provide loans to proprietorships and credit unions.
To manage its liabilities, the Bank primarily serves middle-class and upper-middle-class consumers by providing them with checking accounts, savings accounts, and other deposit products. The Bank also offers noncredit services, such as ATM/debit cards, insurance, mutual fund products, and FASTag issuance.
The Company was renamed Equitas Small Finance Bank Limited following its merger with Equitas Micro Finance Limited and Equitas Housing Finance Limited in accordance with a Scheme of Amalgamation approved by the Hon'ble High Court of Judicature at Madras, subject to the satisfaction of the conditions outlined in that Scheme (ESFBL). As of September 2, 2016, the Company has taken over the microfinance and home financing operations of the former EMFL and EHFL due to the aforementioned merger.
With the acquisition of its final banking license from the Reserve Bank of India on September 5, 2016, ESFBL officially opened for business. The Bank's primary line of business is microfinance, which it offers to retail customers. Finance for Heavy Vehicles personal loan secured by the house offering a full banking and digital platform for everyone, focusing on corporate finance and providing financing options for individuals and micro and small enterprises (MSEs) who are underserved by official financing channels.
Bank Branches typically seek out and service depositors, whereas Bank Lending Operations are largely focused on the underbanked and unbanked. To save customers time and make banking more enjoyable, the bank installed 322 automated teller machines and cash recyclers at its branches. This Bank now has around 853 branches in 15 states and union territories (not including the NCT) throughout the nation.
The Scheme of Arrangement between EHL and ESFBL and the respective shareholders contemplates the issue and allotment by ESFBL of 892062982 fully paid-up equity shares for no cash consideration to the shareholders of EHL as of the Record Date set out in the Scheme and the subsequent reduction by ESFBL of the Securities Premium Account the revenue and other reserves. Do you want to know about the Equitas Small Finance Bank Shares? Click Here to know about today’s Equitas Small Finance Bank Share Price.
Located in one of the world's fastest-growing economies, this cutting-edge financial institution provides a wide range of banking options for individuals, small businesses, and large corporations. Using granular deposits and "value for money" banking relationships, the Bank's long-standing objective is to provide credit to micro and small business owners who are otherwise unbanked or underbanked.
Provision of Small Business Loans (SBLs), including loans against property, housing loans, and agriculture loans to micro-entrepreneurs, microfinance to joint liability groups predominantly comprised of women used and new commercial vehicle loans to drivers and micro-entrepreneurs are just some of the Bank's asset products that are suited to a wide range of customers with varying profiles. Micro, small, and medium-sized enterprises (NBFCs) provide loans to proprietorships and credit unions.
To manage its liabilities, the Bank primarily serves middle-class and upper-middle-class consumers by providing them with checking accounts, savings accounts, and other deposit products. The Bank also offers noncredit services, such as ATM/debit cards, insurance, mutual fund products, and FASTag issuance.
The Company was renamed Equitas Small Finance Bank Limited following its merger with Equitas Micro Finance Limited and Equitas Housing Finance Limited in accordance with a Scheme of Amalgamation approved by the Hon'ble High Court of Judicature at Madras, subject to the satisfaction of the conditions outlined in that Scheme (ESFBL). As of September 2, 2016, the Company has taken over the microfinance and home financing operations of the former EMFL and EHFL due to the aforementioned merger.
With the acquisition of its final banking license from the Reserve Bank of India on September 5, 2016, ESFBL officially opened for business. The Bank's primary line of business is microfinance, which it offers to retail customers. Finance for Heavy Vehicles personal loan secured by the house offering a full banking and digital platform for everyone, focusing on corporate finance and providing financing options for individuals and micro and small enterprises (MSEs) who are underserved by official financing channels.
Bank Branches typically seek out and service depositors, whereas Bank Lending Operations are largely focused on the underbanked and unbanked. To save customers time and make banking more enjoyable, the bank installed 322 automated teller machines and cash recyclers at its branches. This Bank now has around 853 branches in 15 states and union territories (not including the NCT) throughout the nation.
The Scheme of Arrangement between EHL and ESFBL and the respective shareholders contemplates the issue and allotment by ESFBL of 892062982 fully paid-up equity shares for no cash consideration to the shareholders of EHL as of the Record Date set out in the Scheme and the subsequent reduction by ESFBL of the Securities Premium Account the revenue and other reserves. Do you want to know about the Equitas Small Finance Bank Shares? Click Here to know about today’s Equitas Small Finance Bank Share Price.
Fundamentals of Equitas Small Fin. Shares
Market Cap |
P/E Ratio |
P/B Ratio |
Industry P/E |
|---|---|---|---|
Rs. 7094.25 Cr |
0.00 |
0.00 |
25.99 |
ROE |
EPS (TTM) |
Dividend Yield |
Book Value |
|---|---|---|---|
7.65 % |
2.24 |
0.00 % |
40.49 |
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What is the Market Cap of Equitas Small Finance Bank Ltd. shares?
As of 26 Mar`23 the Market Cap of Equitas Small Finance Bank Ltd. is 7094.25.
What is the PE and PB ratio of Equitas Small Finance Bank Ltd. stock?
As of 26 Mar`23 the PE is 0.00 and PB is 0.00.
Equitas Small Fin. - Quaterly Results
Publish Date: 31/10/2022
The September 2022 quarter revenue stood at Rs. 10023.65 millions, up 18.80% as compared to Rs. 8437.17 millions during the corresponding quarter last year.The Net Profit of the company reported a remarkable increase of 182.63% to Rs. 1164.21 millions from Rs. 411.92 millions in previous same quarter.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 10023.65 | 8437.17 | 18.80 | 19427.63 | 16626.86 | 16.84 | 34596.69 | 31944.14 | 8.30 |
| Other Income | 1450.29 | 1519.78 | -4.57 | 2782.50 | 2555.56 | 8.88 | 5375.56 | 4180.55 | 28.58 |
| Interest Expended | 3926.77 | 3597.49 | 9.15 | 7524.99 | 7176.80 | 4.85 | 14211.34 | 13964.53 | 1.77 |
| Operating Expenses | 5123.97 | 5123.97 | 17.25 | 9580.09 | 8372.31 | 14.43 | 17041.45 | 13294.29 | 28.19 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 901.03 | 1421.10 | -36.60 | 2316.99 | 2922.59 | -20.72 | 4938.37 | 3753.20 | 31.58 |
| Tax | 357.96 | 156.32 | 128.99 | 653.80 | 179.54 | 264.15 | 973.78 | 1270.44 | -23.35 |
| PAT | 1164.21 | 411.92 | 182.63 | 2134.26 | 531.18 | 301.80 | 2807.32 | 3842.23 | -26.94 |
| Equity | 12536.71 | 11451.91 | 9.47 | 12536.71 | 11451.91 | 9.47 | 12520.28 | 11392.78 | 9.90 |
| OPM | 24.17 | 23.58 | 2.53 | 26.28 | 21.85 | 20.25 | 25.20 | 27.75 | -9.19 |
Equitas Small Fin. - Quaterly Results
Publish Date: 31/10/2022
The Revenue for the quarter ended September 2022 of Rs. 10023.65 millions grew by 18.80 % from Rs. 8437.17 millions.The company almost doubled its revenue to Rs. 1164.21 millions from Rs. 411.92 millions in the quarter ended September 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202209 | 202109 | % Var | 202209 | 202109 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 10023.65 | 8437.17 | 18.80 | 19427.63 | 16626.86 | 16.84 | 34596.69 | 31944.14 | 8.30 |
| Other Income | 1450.29 | 1519.78 | -4.57 | 2782.50 | 2555.56 | 8.88 | 5375.56 | 4180.55 | 28.58 |
| Interest Expended | 3926.77 | 3597.49 | 9.15 | 7524.99 | 7176.80 | 4.85 | 14211.34 | 13964.53 | 1.77 |
| Operating Expenses | 5123.97 | 5123.97 | 17.25 | 9580.09 | 8372.31 | 14.43 | 17041.45 | 13294.29 | 28.19 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 901.03 | 1421.10 | -36.60 | 2316.99 | 2922.59 | -20.72 | 4938.37 | 3753.20 | 31.58 |
| Tax | 357.96 | 156.32 | 128.99 | 653.80 | 179.54 | 264.15 | 973.78 | 1270.44 | -23.35 |
| PAT | 1164.21 | 411.92 | 182.63 | 2134.26 | 531.18 | 301.80 | 2807.32 | 3842.23 | -26.94 |
| Equity | 12536.71 | 11451.91 | 9.47 | 12536.71 | 11451.91 | 9.47 | 12520.28 | 11392.78 | 9.90 |
| OPM | 24.17 | 23.58 | 2.53 | 26.28 | 21.85 | 20.25 | 25.20 | 27.75 | -9.19 |
Equitas Small Fin. - Quaterly Results
Publish Date: 08/02/2023
A fair growth of 18.00% in the revenue at Rs. 10633.88 millions was reported in the December 2022 quarter as compared to Rs. 9011.57 millions during year-ago period.Net profit surges 57.37% to Rs. 1701.26 millions from Rs. 1081.05 millions in the quarter ended December 2022.
(Rs. in Million) |
| Quarter ended | Year to Date | Year ended | |||||||
| 202212 | 202112 | % Var | 202212 | 202112 | % Var | 202203 | 202103 | % Var | |
| Interest Earned | 10633.88 | 9011.57 | 18.00 | 30061.51 | 25638.43 | 17.25 | 34596.69 | 31944.14 | 8.30 |
| Other Income | 1526.44 | 1338.52 | 14.04 | 4308.94 | 3894.08 | 10.65 | 5375.56 | 4180.55 | 28.58 |
| Interest Expended | 4158.88 | 3600.80 | 15.50 | 11683.87 | 10777.60 | 8.41 | 14211.34 | 13964.53 | 1.77 |
| Operating Expenses | 5210.31 | 5210.31 | 15.73 | 14790.40 | 12874.49 | 14.88 | 17041.45 | 13294.29 | 28.19 |
| Operating Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prov.& Contigencies | 499.02 | 784.04 | -36.35 | 2816.01 | 3706.63 | -24.03 | 4938.37 | 3753.20 | 31.58 |
| Tax | 590.84 | 382.01 | 54.67 | 1244.64 | 561.55 | 121.64 | 973.78 | 1270.44 | -23.35 |
| PAT | 1701.26 | 1081.05 | 57.37 | 3835.52 | 1612.23 | 137.90 | 2807.32 | 3842.23 | -26.94 |
| Equity | 12543.06 | 11478.89 | 9.27 | 12543.06 | 11478.89 | 9.27 | 12520.28 | 11392.78 | 9.90 |
| OPM | 26.25 | 24.94 | 5.26 | 26.27 | 22.94 | 14.52 | 25.20 | 27.75 | -9.19 |
Equitas Small Finance Bank surges on reporting 20% growth in deposits in Q2FY23
Publish Date: 07/10/2022
The disbursement for the quarter increased 22% to Rs 3,845 crore (Provisional), from Rs 3,145 crore in July-September quarter of FY22
Equitas Small Finance Bank is currently trading at Rs. 50.75, up by 0.70 points or 1.40% from its previous closing of Rs. 50.05 on the BSE.
The scrip opened at Rs. 51.25 and has touched a high and low of Rs. 51.85 and Rs. 50.20 respectively. So far 128808 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.25 on 18-Oct-2021 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 51.85 and Rs. 48.55 respectively. The current market cap of the company is Rs. 6318.50 crore.
The promoters holding in the company stood at 74.52%, while Institutions and Non-Institutions held 19.68% and 5.80% respectively.
Equitas Small Finance Bank has posted 20% growth in total deposits at Rs 21,726 crore (Provisional) for the second quarter ended September 30, 2022 (Q2FY23) as compared to Rs 18,094 crore in Q2FY22. On a quarterly basis, the deposits were up 7% from Rs 20,386 crore as of June 2022.
The disbursement for the quarter increased 22% to Rs 3,845 crore (Provisional), from Rs 3,145 crore in July-September quarter of FY22. CASA Ratio stood at 48.13% (Provisional) as of September 30, 2022 as compared to 51.74% as of June 30, 2022. CASA Deposits stood at Rs 10,456 crore(Provisional) as of September 30, 2022, posting a 28% rise in year-on-year (YoY) terms against Rs 8,200 crore as of September 30, 2021.
Gross Advances stood at Rs 22,802 crore (Provisional) as of September 30, 2022, posting a 20% rise in year-on-year against Rs 18,978 crore as of September 30, 2021 and 5% growth in quarter-on-quarter basis from Rs 21,688 crore in in June 2022.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank informs about board meeting
Publish Date: 19/10/2022
Pursuant to Regulation 29 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Equitas Small Finance Bank has informed that a meeting of the Board of Directors of the Bank will be held on Monday, October 31, 2022, to consider, approve and take on record the unaudited financial results of the Bank for the quarter and half-year ended September 30, 2022. As already intimated to the stock Exchanges vide its letter dated September 22, 2022, the trading window for dealing in securities of the Bank remains closed for Designated Persons from September 23, 2022 to November 2, 2022. Further, the Earnings Call of its Bank with Investors and Analysts has been scheduled on Tuesday, November 1, 2022 at 04.30 pm to discuss the financial performance for the quarter and half-year ended September 30, 2022. The dial in details is enclosed.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank jumps on reporting around 3-fold jump in Q2 net profit
Publish Date: 01/11/2022
Total income of the bank increased by 15.24 % to Rs 1147.39 crore for Q2FY23
Equitas Small Finance Bank is currently trading at Rs. 50.45, up by 0.35 points or 0.70% from its previous closing of Rs. 50.10 on the BSE.
The scrip opened at Rs. 51.60 and has touched a high and low of Rs. 52.15 and Rs. 50.15 respectively. So far 148948 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.10 on 25-Nov-2021 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 52.15 and Rs. 48.15 respectively. The current market cap of the company is Rs. 6313.05 crore.
The promoters holding in the company stood at 74.52%, while Institutions and Non-Institutions held 19.68% and 5.80% respectively
Equitas Small Finance Bank has reported results for second quarter ended September 30, 2022.
The bank has reported around 3-fold jump in its net profit at Rs 116.42 crore for Q2FY23 as compared to Rs 41.19 crore for the corresponding quarter previous year. Total income of the bank increased by 15.24 % to Rs 1,147.39 crore for the quarter under review as compared to Rs 995.69 crore for the same quarter in the previous year.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank surges after RBI allows DSPIM to acquire up to 9.99% stake of Bank
Publish Date: 18/11/2022
The proposed acquisition of shares by DSPIM would be consequent to the Scheme of Amalgamation of Equitas Holdings (Holding Company) with the Bank taking effect
Equitas Small Finance Bank is currently trading at Rs. 54.05, up by 0.50 points or 0.93% from its previous closing of Rs. 53.55 on the BSE.
The scrip opened at Rs. 53.25 and has touched a high and low of Rs. 54.60 and Rs. 53.05 respectively. So far 387133 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 68.10 on 25-Nov-2021 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 57.00 and Rs. 49.95 respectively. The current market cap of the company is Rs. 6770.70 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 19.62% and 5.88% respectively.
Reserve Bank of India (RBI) has granted its approval to DSP Investment Managers (DSPIM) to acquire up to 9.99% of the paid-up equity capital of Equitas Small Finance Bank through the schemes of DSP Mutual Fund (DSPMF). The proposed acquisition of shares by DSPIM would be consequent to the Scheme of Amalgamation of Equitas Holdings (Holding Company) with the Bank taking effect.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank informs about press release
Publish Date: 14/12/2022
Equitas Small Finance Bank has informed the exchange regarding the Bank's Press Release dated 14 December 2022 titled 'Equitas Small Finance Bank increases interest rates for savings, Fixed Deposit and Recurring Deposit'.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about allotment of equity shares
Publish Date: 19/12/2022
Equitas Small Finance Bank has informed that the Stakeholders Relationship Committee (SRC) of Board of Directors of the Bank has on December 18, 2022 approved the allotment of 3,15,998 equity shares of Rs 10 each to the option grantees who have exercised their options granted under the ESOP Scheme. The Bank is in the process of applying for listing of the above shares on NSE and BSE. The paid-up share capital of the Bank accordingly increases from Rs 12,53,99,01,190 to Rs. 12,54,30,61,170. The new equity shares issued shall rank with existing equity shares.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank jumps after SBIFML gets RBI’s nod to acquire up to 9.99% stake in Bank
Publish Date: 04/01/2023
RBI has granted its approval to SBIFML to acquire paid-up equity capital through the schemes of SBI Mutual Fund
Equitas Small Finance Bank is currently trading at Rs. 60.35, up by 0.85 points or 1.43% from its previous closing of Rs. 59.50 on the BSE.
The scrip opened at Rs. 61.70 and has touched a high and low of Rs. 63.90 and Rs. 59.80 respectively. So far 1090794 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.90 on 04-Jan-2023 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 63.90 and Rs. 55.65 respectively. The current market cap of the company is Rs. 7588.55 crore.
The promoters holding in the company stood at 74.50%, while Institutions and Non-Institutions held 19.62% and 5.88% respectively.
Reserve Bank of India (RBI) has granted its approval to SBI Funds Management (SBIFML) to acquire up to 9.99% of the paid-up equity capital of Equitas Small Finance Bank through the schemes of SBI Mutual Fund (SBIMF).
The aforesaid approval by RBI is subject to compliance with the relevant provisions of Banking Regulation Act,1949, Master Direction on Prior Approval for Acquisition of shares or voting rights in Private Sector Banks dated November 19, 2015 and Master Direction on Ownership in Private sector Banks dated May 12, 2016, issued by RBI, provisions of the regulations issued by Securities and Exchange Board of India, provisions of the Foreign Exchange Management Act, 1999 and any other guidelines, regulations and statutes as applicable and is valid for a period of one year i.e. up to January 02, 2024.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank informs about updates
Publish Date: 05/01/2023
In accordance with Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Code of Practices, and Procedures for Fair Disclosure of Unpublished Price Sensitive Information framed in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, Equitas Small Finance Bank has informed that it enclosed the details respect to Bank's Deposits and Advances for the quarter ended December 31, 2022. The numbers mentioned as on December 31, 2022 are provisional unaudited numbers and is subject to approval by the Audit Committee and Board of Directors and are subject to review by the Statutory Auditors of the Bank.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about scheme of arrangement
Publish Date: 02/02/2023
Pursuant to the applicable provisions of the Companies Act, 2013 & the approved Scheme and in terms of the approval accorded by the respective Boards of EHL and ESFBL, Form INC-28 has been filed with the ROC, Chennai on February 01, 2023 by EHL and on February 02, 2023 by ESFBL respectively, Equitas Small Finance Bank has informed that the Scheme has become effective from Thursday, February 02, 2023. Scheme details enclosed.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about disclosure
Publish Date: 08/02/2023
Equitas Small Finance Bank has informed regarding grant of 40,696 stock options under the ESFB Employee Stock Option Scheme, 2019 in pursuance of the approved scheme.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank trades in green on reporting 57% rise in Q3 net profit
Publish Date: 09/02/2023
Total income of the Bank increased by 17.49% to Rs 1216.03 crore for Q3FY23
Equitas Small Finance Bank is currently trading at Rs. 56.90, up by 1.10 points or 1.97% from its previous closing of Rs. 55.80 on the BSE.
The scrip opened at Rs. 58.00 and has touched a high and low of Rs. 58.55 and Rs. 55.65 respectively. So far 631172 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 63.90 on 04-Jan-2023 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 58.55 and Rs. 53.10 respectively. The current market cap of the company is Rs. 11917.93 crore.
The promoters holding in the company stood at 74.48%, while Institutions and Non-Institutions held 19.42% and 6.10% respectively.
Equitas Small Finance Bank has reported rise of 57.37% in its net profit at Rs 170.13 crore for third quarter ended December 31, 2022 as compared to Rs 108.11 crore for the corresponding quarter previous year. Total income of the bank increased by 17.49% to Rs 1216.03 crore for the quarter under review as compared to Rs 1035.01 crore for the same quarter in the previous year.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank informs about press release
Publish Date: 01/03/2023
Equitas Small Finance Bank has informed that it enclosed its Bank’s Press Release dated March 01, 2023 titled ‘Equitas Small Finance Bank hikes interest rates for Fixed Deposit and Recurring Deposit’.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank gains on partnering with Gujarat Titans
Publish Date: 08/03/2023
The Gujarat Titans team will sport the Equitas Small Finance Bank logo on the back of the helmet
Equitas Small Finance Bank is currently trading at Rs. 74.02, up by 0.77 points or 1.05% from its previous closing of Rs. 73.25 on the BSE.
The scrip opened at Rs. 73.02 and has touched a high and low of Rs. 74.24 and Rs. 72.07 respectively. So far 232832 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 77.87 on 06-Mar-2023 and a 52 week low of Rs. 37.50 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 77.87 and Rs. 69.20 respectively. The current market cap of the company is Rs. 15176.33 crore.
The promoters holding in the company stood at 74.48%, while Institutions and Non-Institutions held 19.42% and 6.10% respectively.
Equitas Small Finance Bank has signed a partnership as the ‘Proud Banking Partner’ with the 2022 Tata IPL champions - Gujarat Titans for the 2023 season. This is to further the Bank’s brand ethos of being ‘The Progressive Bank Behind Progressive Champions’. The Gujarat Titans team will sport the Equitas Small Finance Bank logo on the back of the helmet as part of the team’s jersey. This partnership campaign will be aimed to communicate that Equitas has been playing a progressive role in transforming the lives of individuals through their lending and social responsibilities of ‘Beyond Banking’.
Some of the key benefits of banking with Equitas include earning up to 7% interest on savings, contactless video KYC service, no maintenance charges on savings accounts, free online fund transfers and so on. These offerings aim to build stronger communities, phygitally across India in a seamless and agile manner.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank informs about disclosure
Publish Date: 09/03/2023
Equitas Small Finance Bank has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for DSP Trustee & Others.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about extinguishment and allotment of equity shares
Publish Date: 10/03/2023
In continuation to its letter dated February 08, 2023, informing about the approval of the Board of Directors towards allotment of 78,95,35,166 fully paid equity shares of Rs 10 each of the Bank to the eligible record date shareholders of the erstwhile Equitas Holdings (EHL) in pursuance of the approved Scheme of Amalgamation and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Equitas Small Finance Bank has informed that the equity shares as stated above have been credited to the eligible record date shareholders of EHL and trading approvals for these equity shares have been received from National Stock Exchange of India and BSE on March 09, 2023 and the trading of the aforementioned shares would be effective from March 10,2023. Further, 93,39,43,363 equity shares of the Bank held by Equitas Holdings (erstwhile promoter/Transferor Company) stands extinguished with effect from March 03,2023. The paid-up share capital of the Bank after the afore stated extinguishment and allotment of shares is Rs 11,10,29,84,850 (comprising of 111,02,98,485 equity shares of Rs 10 each). The new equity shares issued shall rank with the existing equity shares.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about disclosure
Publish Date: 14/03/2023
Equitas Small Finance has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Franklin Templeton Mutual Fund.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about press release
Publish Date: 15/03/2023
Equitas Small Finance Bank has informed that it enclosed its Bank’s Press Release dated March 15, 2023 titled ‘Equitas Small Finance Bank joins hands with Royal Challengers Bangalore for T20 League 2023’.
The above information is a part of company’s filings submitted to BSE.
Equitas Small Finance Bank informs about disclosure
Publish Date: 15/03/2023
Equitas Small Finance Bank has informed that the exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for SBI Mutual Fund.
The above information is a part of company’s filings submitted to BSE.
Board Meeting
Publish Date: 08/02/2023
Audited Results & Quarterly Results
Board Meeting
Publish Date: 31/10/2022
Quarterly Results
Board Meeting
Publish Date: 04/05/2022
Audited Results
Board Meeting
Publish Date: 28/01/2022
Quarterly Results
Board Meeting
Publish Date: 29/10/2021
Quarterly Results
Board Meeting
Publish Date: 18/10/2021
Inter alia, to discuss the various options available to achieve the Minimum Public Shareholding (MPS) under extant SEBI Circulars and finalise the roadmap for achieving the MPS compliance.
Board Meeting
Publish Date: 30/07/2021
Quarterly Results
Board Meeting
Publish Date: 29/04/2021
Audited Results
Board Meeting
Publish Date: 28/01/2021
Quarterly Results
Board Meeting
Publish Date: 09/11/2020
Quarterly Results
Equitas Small Finance Bank reports 20% growth in deposits in Q2FY23
Publish Date: 07/10/2022
The disbursement for the quarter increased 22% to Rs 3,845 crore (Provisional), from Rs 3,145 crore in July-September quarter of FY22
Equitas Small Finance Bank has posted 20% growth in total deposits at Rs 21,726 crore (Provisional) for the second quarter ended September 30, 2022 (Q2FY23) as compared to Rs 18,094 crore in Q2FY22. On a quarterly basis, the deposits were up 7% from Rs 20,386 crore as of June 2022.
The disbursement for the quarter increased 22% to Rs 3,845 crore (Provisional), from Rs 3,145 crore in July-September quarter of FY22. CASA Ratio stood at 48.13% (Provisional) as of September 30, 2022 as compared to 51.74% as of June 30, 2022. CASA Deposits stood at Rs 10,456 crore(Provisional) as of September 30, 2022, posting a 28% rise in year-on-year (YoY) terms against Rs 8,200 crore as of September 30, 2021.
Gross Advances stood at Rs 22,802 crore (Provisional) as of September 30, 2022, posting a 20% rise in year-on-year against Rs 18,978 crore as of September 30, 2021 and 5% growth in quarter-on-quarter basis from Rs 21,688 crore in in June 2022.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank reports around 3-fold jump in Q2 net profit
Publish Date: 01/11/2022
Total income of the bank increased by 15.24 % to Rs 1147.39 crore for Q2FY23
Equitas Small Finance Bank has reported results for second quarter ended September 30, 2022.
The bank has reported around 3-fold jump in its net profit at Rs 116.42 crore for Q2FY23 as compared to Rs 41.19 crore for the corresponding quarter previous year. Total income of the bank increased by 15.24 % to Rs 1,147.39 crore for the quarter under review as compared to Rs 995.69 crore for the same quarter in the previous year.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
RBI allows DSPIM to acquire up to 9.99% stake of Equitas Small Finance Bank
Publish Date: 18/11/2022
The proposed acquisition of shares by DSPIM would be consequent to the Scheme of Amalgamation of Equitas Holdings (Holding Company) with the Bank taking effect
Reserve Bank of India (RBI) has granted its approval to DSP Investment Managers (DSPIM) to acquire up to 9.99% of the paid-up equity capital of Equitas Small Finance Bank through the schemes of DSP Mutual Fund (DSPMF). The proposed acquisition of shares by DSPIM would be consequent to the Scheme of Amalgamation of Equitas Holdings (Holding Company) with the Bank taking effect.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
SBIFML gets RBI’s nod to acquire up to 9.99% stake in Equitas Small Finance Bank
Publish Date: 04/01/2023
RBI has granted its approval to SBIFML to acquire paid-up equity capital through the schemes of SBI Mutual Fund
Reserve Bank of India (RBI) has granted its approval to SBI Funds Management (SBIFML) to acquire up to 9.99% of the paid-up equity capital of Equitas Small Finance Bank through the schemes of SBI Mutual Fund (SBIMF).
The aforesaid approval by RBI is subject to compliance with the relevant provisions of Banking Regulation Act,1949, Master Direction on Prior Approval for Acquisition of shares or voting rights in Private Sector Banks dated November 19, 2015 and Master Direction on Ownership in Private sector Banks dated May 12, 2016, issued by RBI, provisions of the regulations issued by Securities and Exchange Board of India, provisions of the Foreign Exchange Management Act, 1999 and any other guidelines, regulations and statutes as applicable and is valid for a period of one year i.e. up to January 02, 2024.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank reports 27% rise in gross advances in Q3FY23
Publish Date: 05/01/2023
The bulk term deposits of the bank jumped by 139% during December quarter of FY23 at Rs 4,306 crore
Equitas Small Finance Bank has reported 27% growth in its gross advances on a provisional basis to Rs 24,923 crore for the quarter ended December 31, 2022 (Q3FY23) as compared to Rs 19,687 crore in the corresponding quarter of previous year. Total deposits grew by 31% to Rs 23,393 crore in Q3FY23 as compared to Rs 17,884 crore in the same quarter of previous year.
The bulk term deposits of the bank jumped by 139% during December quarter of FY23 at Rs 4,306 crore, while the retail term deposits were up by 18% to Rs 7,000 crore in Q3FY23. Bank's CASA (current account and savings account) deposits rose by 19% at Rs 10,817 crore in Q3FY23 as compare to Rs 9,085 crore in Q3FY22.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank opens 7 new branches
Publish Date: 27/01/2023
The Bank also opens a branch in the Andheri region of Mumbai District to serve more customers in the Western part of India
Equitas Small Finance Bank has opened 7 new branches in different parts of the country. Operations of all 7 branches begin ahead of Republic Day. This time, the Chennai-headquartered bank is spreading its roots in Northern and Western India, including Southern India.
In the Southern region, the bank is opening a branch in Palakkad, Calicut and Cochin. Whereas, in the Northern region, citizens will benefit from the seamless banking experience of new branches of Equitas in towns like Hisar, Panchkula and Hoshiarpur. While North and South India get new branches, Equitas Small Finance Bank also opens a branch in the Andheri region of Mumbai District to serve more customers in the Western part of India.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank reports 57% rise in Q3 net profit
Publish Date: 09/02/2023
Total income of the Bank increased by 17.49% to Rs 1216.03 crore for Q3FY23
Equitas Small Finance Bank has reported results for third quarter ended December 31, 2022 (Q3FY23).
The bank has reported rise of 57.37% in its net profit at Rs 170.13 crore for Q2FY23 as compared to Rs 108.11 crore for the corresponding quarter previous year. Total income of the bank increased by 17.49% to Rs 1216.03 crore for the quarter under review as compared to Rs 1035.01 crore for the same quarter in the previous year.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank partners with Gujarat Titans
Publish Date: 08/03/2023
The Gujarat Titans team will sport the Equitas Small Finance Bank logo on the back of the helmet
Equitas Small Finance Bank has signed a partnership as the ‘Proud Banking Partner’ with the 2022 Tata IPL champions - Gujarat Titans for the 2023 season. This is to further the Bank’s brand ethos of being ‘The Progressive Bank Behind Progressive Champions’. The Gujarat Titans team will sport the Equitas Small Finance Bank logo on the back of the helmet as part of the team’s jersey. This partnership campaign will be aimed to communicate that Equitas has been playing a progressive role in transforming the lives of individuals through their lending and social responsibilities of ‘Beyond Banking’.
Some of the key benefits of banking with Equitas include earning up to 7% interest on savings, contactless video KYC service, no maintenance charges on savings accounts, free online fund transfers and so on. These offerings aim to build stronger communities, phygitally across India in a seamless and agile manner.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
Equitas Small Finance Bank joins hands with Royal Challengers Bangalore for T20 League 2023
Publish Date: 15/03/2023
The RCB team will don the Equitas Small Finance Bank logo on the lead trousers as part of the team’s jersey
Equitas Small Finance Bank partners with India’s most beloved T20 team -- Royal Challengers Bangalore aka RCB as their ‘Proud Banking Partner’ for the 2023 season of T20 League. This is to further add Bank’s brand ethos of being 'The Progressive Bank behind Progressive Champions' and aligns with RCB’s all-time motto of being the progressive players in the game.
The RCB team will don the Equitas Small Finance Bank logo on the lead trousers as part of the team’s jersey. This partnership campaign will be aimed to communicate that Equitas has been playing a progressive role in transforming the lives of individuals through their lending and social responsibilities of ‘Beyond Banking’.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
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