Equitas Small Finance Bank reported robust growth in its first quarter performance, with gross advances increasing 26.70% year-on-year to ₹47,653 crore as of June 30, 2026. According to reports from CNBC TV18, the bank's total deposits grew 10.44% to ₹48,976 crore during the same period. The sequential growth was also positive, with gross advances rising 3.22% quarter-on-quarter, supported by robust disbursements of around ₹6,804 crore that increased 93.77% year-on-year despite declining 7.39% quarter-on-quarter.
The bank's microfinance and micro loans segment demonstrated exceptional performance, with gross advances in this segment increasing 70.19% year-on-year and 4.57% quarter-on-quarter to ₹6,019 crore. As reported by CNBC TV18, non-micro finance and micro loans rose 22.19% year-on-year and 3.03% quarter-on-quarter to ₹41,634 crore. The bank's direct assignment (DA) outstanding stood at ₹837 crore as of June 30, 2026. Excluding the DA portfolio, overall bank advances grew 24.48% year-on-year and 3.86% quarter-on-quarter.
The bank's deposit base showed mixed performance with total deposits increasing 5.25% sequentially to ₹48,976 crore. According to CNBC TV18, current account and savings account (CASA) deposits stood at ₹12,307 crore, compared with ₹12,198 crore in the previous quarter and ₹13,019 crore a year ago. The CASA ratio was 25%, compared with 26% in March 2026 and 29% a year earlier. The cost of funds stood at 7.05%, compared with 6.94% in the previous quarter and 7.49% a year ago. The credit-deposit (CD) ratio stood at 92.96% as of June 30, 2026.
Asset quality metrics showed significant improvement on a sequential basis, with gross non-performing asset (NPA) ratio easing to 2.60% from 2.75% in the previous quarter. As reported by CNBC TV18, net NPA declined to 0.72% from 0.92%. In absolute terms, gross NPAs stood at ₹1,135 crore, slightly higher quarter-on-quarter, while net NPAs fell to ₹306 crore from ₹354 crore. The bank's advances mix, including direct assignment, comprised 13% micro-finance and micro loans and 87% all other loans.
The bank's financial performance showed significant improvement, with net profit surging to ₹213 crore in Q4 compared with ₹42 crore in the year-ago period. According to CNBC TV18, net interest income rose 18.2% year-on-year to ₹980 crore from ₹829 crore, supported by stable lending growth and better spreads. The bank's shares ended at ₹77.31, up by ₹0.15, or 0.19% on the BSE. The figures are provisional and subject to review.
