Equitas

Private sector Equitas Small Finance Bank Ltd has reported a 97.1 per cent jump in its profit after tax for the April-June 2023 quarter at Rs 191.20 crore, the bank said on Friday. The bank registered a net profit at Rs 97 crore during the corresponding quarter of the previous year. For the year ending March 31, 2023, the net profit stood at Rs 573.59 crore. 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. For the year ending March 31, 2023, the total income was Rs 4,831.46 crore. According to a bank statement, credit growth continues to remain strong with 'advances' growing at 36 per cent year-on-year and 6 percent quarter-on-quarter to Rs 29,601 crore. During the quarter under review, the bank said it registered strong disbursements growth of 47 per cent year-on-year to Rs 4,757 crore. Deposits grew by 36 per cent year-on-year and 9 per cent quarter-on-quarter to reach Rs 27,709 ...

Total 789.53 million shares have been listed pursuant to the scheme of amalgamation of Equitas Holdings with Equitas Small Finance Bank

In May, Vasudevan had said that he wished to move on from the bank in order to work for his trust

Equitas Small Finance Bank (Equitas SFB) on Wednesday said its gross advances grew by 22 per cent from a year ago to Rs 21,699 crore as of June 30.

The company on Wednesday reported the plunge in consolidated net profit

The Morning Show, Ep 2: Account aggregators, JioPhone Next, and gold prices

Why should RBI be bothered if Equitas ties up with Google Pay? What to expect from JioPhone Next, the world's cheapest 4G smartphone? Should you invest more in gold? Get answers in this episode

From retail auto sales contradicting robust wholesale numbers to 15th Finance Commission submitting report to President, here are the top headlines

The Reserve Bank of India has lifted all restrictions imposed on Equitas SFB a year ago, the lender said on Monday.

Price band fixed at Rs 32-33 a share; promoter stake to drop to 82-83% from 95.49% currently

Nifty is able to breach the level of 11,800, it will lead to sell-off which will open the risk of correction up to 11,650

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

The new arm is creating an e-platform to bring together truck owners and those wanting to transfer goods

Proposed small finance bank will focus on four key strategies including offering existing range of credit products