Equitas Small Finance Bank Ltd.

BSE: 543243 | NSE: EQUITASBNK
Small Cap | Bank - Private
78.55
-0.48 (-0.61%)
< Home < Back

Equitas Small Finance Bank reports 27% rise in gross advances in Q3FY23

Date: 05-01-2023

Equitas Small Finance Bank has reported 27% growth in its gross advances on a provisional basis to Rs 24,923 crore for the quarter ended December 31, 2022 (Q3FY23) as compared to Rs 19,687 crore in the corresponding quarter of previous year. Total deposits grew by 31% to Rs 23,393 crore in Q3FY23 as compared to Rs 17,884 crore in the same quarter of previous year.

The bulk term deposits of the bank jumped by 139% during December quarter of FY23 at Rs 4,306 crore, while the retail term deposits were up by 18% to Rs 7,000 crore in Q3FY23. Bank's CASA (current account and savings account) deposits rose by 19% at Rs 10,817 crore in Q3FY23 as compare to Rs 9,085 crore in Q3FY22.

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