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Equitas Small Finance Bank shines as its deposits rise 34% in Q4FY23

06 Apr 2023 Evaluate

Equitas Small Finance Bank is currently trading at Rs. 70.18, up by 3.59 points or 5.39% from its previous closing of Rs. 66.59 on the BSE.

The scrip opened at Rs. 68.19 and has touched a high and low of Rs. 71.24 and Rs. 67.72 respectively. So far 1023501 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. 71.24 and Rs. 64.90 respectively. The current market cap of the company is Rs. 7785.98 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’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
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