Equitas Small Finance Bank Ltd (EQUITASBNK)

Equitas Small Finance Bank Expresses Intention to Pursue Universal Banking License - 29 Apr, 2024

Equitas Small Finance Bank has expressed its intention to pursue a universal banking license and maintain a diversified loan portfolio. However, it will only become eligible after two years due to its net non-performing asset (NPA) ratio remaining above 1% in the last two fiscal years.

RBI Releases Guidelines for Conversion of SFBs into Regular Banks - 27 Apr, 2024

The Reserve Bank of India has released guidelines for the conversion of small finance banks (SFBs) into regular or universal banks. The guidelines include minimum net profit, non-performing assets ratio, shareholding pattern and other eligibility criteria.

RBI Invites Small Finance Banks to Apply for Universal Bank Status - 26 Apr, 2024

The Reserve Bank of India has invited small finance banks meeting specified criteria, including a minimum net worth of Rs 1,000 crore, to apply for becoming regular or universal banks.

Equitas SFB Reports Strong Q4 Results, Analysts Recommend Buying - 25 Apr, 2024

Equitas Small Finance Bank reported a strong Q4FY24 with a 9.47% increase in net profit and steady AUM growth. ICICI Securities and Motilal Oswal recommend buying the stock with target prices of Rs 120 and Rs 1255 respectively. The bank anticipates loan growth of 25% in FY25.

Equitas Reports Strong Financial Performance and New Appointment - 24 Apr, 2024

Equitas Small Finance Bank reports a strong financial performance in Q4FY24, with a net profit of Rs 207.62 crore and the highest PAT of Rs 799 crore in FY24. Anil Kumar Sharma is appointed as Part-time Chairman for five years.

Motilal Oswal Recommends Buying Equitas Small Finance Bank - 19 Apr, 2024

Equitas Small Finance Bank is recommended as a buy by Motilal Oswal with a target price of Rs 125 due to its consistent performance and strong loan growth. The bank's FY26E RoA/RoE is estimated at 2.0%/17.3%. For Q3FY24, the bank reported a standalone total income of Rs 1634.27 crore, up 6.10% from last quarter.

ICICI Securities Expects Equitas Small Finance Bank to Report 10% YoY Increase in Net Profit - 15 Apr, 2024

Equitas Small Finance Bank is expected to report a net profit of Rs. 209.6 crore, up 10% YoY and 4% QoQ, according to ICICI Securities' Q4 earnings estimates. The brokerage house also expects the bank's NII to increase by 18% YoY and 6% QoQ to Rs. 832.3 crore, while PPOP is likely to fall by 3% YoY but rise 4% QoQ to Rs. 373.6 crore.

Equitas SFB Appoints New Chairman; Gross Advances Improve in Q4FY24 - 05 Apr, 2024

Equitas Small Finance Bank has received approval for the appointment of Anil Kumar Sharma as Part-time Chairman. The bank's gross advances improved by 23% YoY and 5% QoQ to Rs 34,337 crore during Q4FY24.

Equitas Small Finance Bank's Q4 FY24 Deposits Surge 43% - 04 Apr, 2024

Equitas Small Finance Bank reported a surge of 43% in total deposits to Rs 36,129 crore and an increase of 18.7% in net profit to Rs 202 crore for Q4 FY24. Gross advances grew by 23% to Rs 34,337 crore as on March 31, 2024, compared to the same period last year.