Equitas Small Finance Bank gains as its deposits up 13% in Q3FY22

Equitas Small Finance Bank is currently trading at Rs. 59.00, up by 0.70 points or 1.20% from its previous closing of Rs. 58.30 on the BSE.

The scrip opened at Rs. 59.65 and has touched a high and low of Rs. 59.70 and Rs. 58.15 respectively. So far 65576 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 76.75 on 12-Jul-2021 and a 52 week low of Rs. 38.15 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 61.40 and Rs. 55.85 respectively. The current market cap of the company is Rs. 6755.33 crore.

The promoters holding in the company stood at 81.36%, while Institutions and Non-Institutions held 13.52% and 5.12% respectively.

Equitas Small Finance Bank’s deposits grew 13% to Rs 17,884 crore as of December 31, 2021(Q3FY22), as compared to Rs 15,862 crore on a yearly basis. On a quarterly basis, the deposits were marginally down from Rs 18,094 crore as of September 2021.

Gross Advance stood at Rs 19,642 crore as of December 31, 2021, posting a 13% rise in year-on-year (YoY) terms against Rs 17,373 crore as of December 31, 2020 and in quarter-on-quarter (QoQ) basis stood at Rs 18,978 crore in September 2021.

The Bank’s CASA ratio stood at 50.80% as of December 31, 2021, as compared to 25% as of December 31, 2020 and 45.30% as of September 30, 2021. The Bank’s CASA deposits stood at Rs 9,085 crore as of December 31, 2021 as compared to Rs 3,967 crore as of December 31, 2020 and a growth of 11% to Rs 8,200 crore as of September 30, 2021.

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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