Net interest income for the bank rose 25.5% from last year to Rs 766 crore in Q2 FY24.

Equitas Small Finance Bank Q2 Results: Net Profit Rises 71% On Lower Provisions

Net Interest Income (NII) is expected to increase by 25.9 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 767.7 crore, according to Motilal Oswal.

Equitas Small Finance Q2 Net Profit seen up 64.9% YoY to Rs. 192 cr: Motilal Oswal

You will get an interest rate of 8.5 per cent on FDs maturing in 444 days with Equitas Small Finance Bank. On FDs maturing in 444 days, senior citizens will get an interest rate of 9 per cent. Know how much interest rate Equitas Small Finance Bank offers general public FDs and senior citizens’ FDs

This bank offers 9% interest on senior citizen FDs, 8.5% interest on general FDs

Equitas Small Finance Bank reported a 97.1 per cent jump in its profit after tax (PAT) for the April-June 2023 quarter at Rs 191.20 crore. The bank had registered a net profit of Rs 97 crore during the corresponding quarter of the previous year. The bank would work on offerings like forex cards, Fo…

Equitas Small Finance Bank to venture into credit cards, personal loans segment

The grant shall be governed by the terms and conditions of ESFB Employees Stock Option Scheme, 2019.

Equitas Small Finance Bank Announces 12,16,330 Equity Shares As ESOPs

Motilal Oswal is bullish on Equitas Small Finance recommended buy rating on the stock with a target price of Rs 110 in its research report dated July 31, 2023.

Buy Equitas Small Finance; target of Rs 110: Motilal Oswal

Equitas SFB continues to show strong performance with 2% Reported RoA for 3rd consecutive qtr & 14.54% Reported RoE (550bps YoY). NNPA ratio flat QoQ at 1.12%. Opex increased leading to CTI at 65.1%. Gross slippages reverted to pre-Covid levels. NIMs guidance of 8.5% for FY24. Mgmt confident to main…

Broker’s Call: Equitas SFB (Buy)

Equitas Small Finance Bank stock has given a return of 82.23 percent over the last six months.

Equitas Small Finance Bank Q1 profit jumps 97% YoY to Rs 191 crore; Stock reacts positively

The total income during the quarter under review grew to Rs 1,425.32 crore from Rs 1,073.61 crore registered in the same period of last year.

Equitas Small Finance Bank Q1 PAT soars 97.1% to Rs 191 crore

Equitas Small Finance Bank offers its clients a premium banking experience with an Equitas Elite account. This exclusive account includes a dedicated relationship manager, a wealth management system, priority access to customer service, a loyalty rewards program, and a 50% discount on lockers.

Why is Equitas Elite one of the most preferred savings accounts

Equitas Small Finance bank has bought over a prime property on Anna Salai from Arihant Foundations and Housing Limited.

Chennai sees another big-ticket real estate deal at ₹300 crore

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Equitas Small Finance Bank Limited’s lines of business include Micro and Small Enterprise and Corporate Banking, Emerging Enterprise Banking, Inclusive Banking, Consumer Banking and Outreach Banking.