Equitas Small Finance Bank shares ended at ₹77.12 on BSE, gaining ₹0.070 or 0.091% on Wednesday, June 24, 2026. The stock has demonstrated strong momentum with 14% gains in a month, 26% over six months, and 16% year-on-year. The shares touched their one-year high of ₹80.14 on June 16, 2026, while hitting their 52-week low of ₹50 on September 1, 2025. The bank currently has a market capitalisation of ₹8,795.82 crore with a Price to Earnings ratio of 10.82 compared to sectoral P/E of 17.52, indicating the stock is trading at a discount to peers. The current traded volume stands at 50,34,635 shares with a 52-week range of ₹50-₹80.14.
According to reports from CNBC TV18, Equitas Small Finance Bank has approved enabling resolutions to raise funds aggregating to ₹1,750 crore through equity and debt securities. The board approved raising up to ₹1,250 crore through qualified institutions placement (QIP) and other eligible equity-linked securities in one or more tranches. Additionally, the board approved raising up to ₹500 crore through rated, listed, unsecured, subordinated, redeemable non-convertible debentures, bonds or other debt securities on a private placement basis. The fundraising is subject to shareholder and regulatory approvals, with enabling resolutions to be placed before shareholders at the bank's 10th Annual General Meeting scheduled for 9 September 2026. The board specifically approved the issuance of equity shares by way of a qualified institutional placement for an aggregate amount not exceeding ₹1,250 crore and issuance of non-convertible debentures on private placement basis for an aggregate amount not exceeding ₹500 crore at their meeting held on 24 June 2026.
As reported by CNBC TV18, the board approved the reappointment of Vasudevan P.N. as managing director & CEO for a further three-year term from July 23, 2026 to July 22, 2029, following RBI approval received in April 2026. The bank also approved the reappointment of Geeta Dutta Goel as independent director for a second three-year term from December 27, 2026 to December 26, 2029, subject to shareholder approval. On the management front, N. Sridharan, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), will retire from the services of the Bank upon superannuation with effect from the close of business hours on 30 June 2026. At the same meeting held on 24 June 2026, the board approved the appointment of Mukund Shyamrao Barsagade as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Bank with effect from 01 July 2026.
According to CNBC TV18, the board approved the appointment of Taraka Ramana Prathipati, currently head of credit risk, as interim chief risk officer (CRO) for a period of six months from 1 July 2026, following the completion of Sibi P.M.'s term. The proposed capital raising is subject to shareholder and regulatory approvals, with enabling resolutions to be placed before shareholders at the bank's 10th Annual General Meeting scheduled for 9 September 2026.
As reported by Business Standard, Equitas Small Finance Bank posted a net profit of ₹213 crore in Q4 FY26, soaring 406% YoY and 136% QoQ. Net Interest Income (NII) came in at ₹981 crore, rising 18% YoY. The bank's Net Interest Margin (NIM) improved to 7.29%, up around 57 bps QoQ, indicating enhanced profitability. The stock price rose 0.64% to currently trade at ₹77.54 on the BSE following the announcement. Earlier this month, the bank revised its FCNR(B) deposit rates, announcing an upward adjustment to enhance returns for Non-Residents, now offering interest rates of up to 7.13% per annum on US Dollar FCNR(B) deposits for tenures ranging from 3 to 5 years.
