Equitas Small Finance Bank Reports Stable Q3 Performance

Equitas Small Finance Bank Ltd has announced its financial results for the third quarter, showcasing stability in earnings and asset quality despite challenging market conditions. The bank reported interest earned of Rs 16.92 billion, while provisions and contingencies were maintained at Rs 1.93 billion. Gross non-performing assets (NPA) stood at 2.75%, underscoring the bank’s disciplined approach to credit risk.  

Key highlights 

• Interest earned during Q3 stood at Rs 16.92 billion.  
• Provisions and contingencies reported at Rs 1.93 billion.  
• Gross NPA levels contained at 2.75%, reflecting prudent asset management.  
• Performance supported by stable lending operations and customer base expansion.  
• Bank continues to emphasize financial inclusion and SME lending portfolios.  
• Focus remains on balancing growth with risk management and profitability.  

Industry experts note that Equitas Small Finance Bank’s results demonstrate resilience in India’s small finance banking sector. With a strong emphasis on asset quality and sustainable growth, the bank remains well-positioned to expand its footprint while maintaining profitability in a competitive environment.  

Sources: Reuters, Economic Times, Business Standard