05 Jan 2024

Equitas Small Finance Bank moves up on reportting 39% rise in total deposits during Q3FY24

Equitas Small Finance Bank is currently trading at Rs. 112.15, up by 0.65 points or 0.58 % from its previous closing of Rs. 111.50 on the BSE.

The scrip opened at Rs. 113.65 and has touched a high and low of Rs. 114.45 and Rs. 111.95 respectively. So far 247461 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 114.45 on 05-Jan-2023 and a 52 week low of Rs. 52.30 on 02-Feb-2023.

Last one week high and low of the scrip stood at Rs. 114.45 and Rs. 102.90 respectively. The current market cap of the company is Rs. 12909.88 crore.

The Institutions and Non-Institutions held 62.08% and 37.92% stake in the company respectively.

Equitas Small Finance Bank has reported 39% rise in total deposits to Rs 32,385 crore (Provisional) as of December 31, 2023 (Q3FY24) as compared to Rs 23,362 crore as of December 31, 2022. Its gross advances were up by 32% to Rs 32,777 crore (Provisional) in Q3FY24 as against Rs 24,915 crore as of December 31, 2022. Gross Advances as of December 31, 2023 includes IBPC/Securitized/ Assigned portfolio of Rs 3,195 crore.

However, its CASA fell marginally to Rs 10,593 crore as of December 31, 2023, as compared to Rs 10,786 crore on a yearly basis and on a quarterly basis stood at Rs 10,349 crore as of September 2023. CASA Ratio stood at 33% as of December 31, 2023 as compared to 46% as of December 31, 2023.

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