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Equitas Small Finance Bank’s deposits rise 34% in Q4FY23

06 Apr 2023 Evaluate

Equitas Small Finance Bank’s total deposits grew 34% to Rs 25,381 crore (Provisional) as of March 31, 2023 (Q4FY23), as compared to Rs 18,951 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 23,393 crore as of December 2022.

Gross Advances stood at Rs 28,061 crore (Provisional) as of March 31, 2023, posting a 36% rise in year-on-year (YoY) terms against Rs 20,597 crore as of March 31, 2022 and on quarter-on-quarter (QoQ) basis stood at Rs 24,915 crore in December 2022. The CASA was up 9% to Rs 10,732 crore as of March 31, 2023 (Provisional) against Rs 9,855 crore YoY. CASA ratio reached 42% (Q4FY23) from 46% (Q3FY23).

Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.

Peers
Company Name CMP
HDFC Bank 711.20
ICICI Bank 1349.00
Axis Bank 1257.00
Kotak Mahindra Bank 439.00
Indusind Bank 874.45
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