Equitas Holdings

Equitas Small Finance Bank Q3 results: Net profit jumps 18% to Rs 202 cr

Chennai-based Equitas Small Finance Bank on Thursday reported a healthy set of numbers with net income rising over 18 per cent to Rs 202 crore in the three months ended December 2023, helped by better asset quality. It had a net profit of Rs 170 crore in the year ago period. Gross advances rose 32 per cent to Rs 32,776 crore in the third quarter of the current fiscal, according to a statement. The net interest margin stood at 8.37 per cent while the net interest income grew 21 per cent in the latest December quarter. The bank's asset quality improved massively, with gross bad loans falling to 2.38 per cent of the total advances from 3.46 per cent in the year-ago period.

Equitas Small Finance Bank Q2 results: Net profit up 70.18% at Rs 198.13 cr

Private sector Equitas Small Finance Bank Ltd has reported a 70.18 per cent jump in the net profit for the July-September quarter at Rs 198.13 crore. The bank had registered a net profit of Rs 116.42 crore during the corresponding quarter of last year. For the half year ending September 30, 2023 the net profit grew to Rs 389.33 crore from Rs 213.42 crore registered in the same period of last year. Total income during the quarter under review surged to Rs 1,540.36 crore, from Rs 1,147.39 crore registered during the corresponding quarter of last year. For the six month period ending September 30, 2023 the total income grew to Rs 2,965.69 crore, as against Rs 2,221.01 crore registered during the same period of last year. In a statement, the bank said it sustained credit growth with advances growing at 37 per cent year-on-year and 6 per cent quarter on quarter basis. Deposits grew by 42 per cent year-on-year and 11 per cent quarter on quarter to touch Rs 30,839 crore during the quarte

Equitas Holdings surrenders NBFC licence to RBI, registration cancelled

The Reserve Bank of India on Monday said Equitas Holdings Ltd has surrendered its NBFC licence, and accordingly its registration has been cancelled. The RBI, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled its CoR (certificate of registration), the central bank said in a statement. As the company does not hold public funds therefore it may have voluntarily surrendered its certificate of registration, it added.

No Sebi nod needed: Adani Group counters NDTV promoters' defence

VCPL said the contentions raised by RRPR Holdings in a letter are baseless, legally untenable and devoid of merit.

Equitas SFB Q1: Gross advances at Rs 21,699 cr as on June 30, up 22%

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.

Equitas Holdings divest entire shareholding in Equitas Tech

Equitas Holdings Ltd has divested its entire shareholding in Equitas Technologies Pvt Ltd as part of regulatory requirement to complete amalgamation involving its subsidiary Equitas Small Finance Bank

Equitas SFB dips 11% on resignation of MD & CEO P N Vasudevan

P N Vasudevan resigned as the managing director and chief executive officer of the Equitas Small Finance Bank for a career in health and education.

RBI gives go-ahead to Equitas reverse merger plan with certain riders

Asks Equitas Holdings to divest shareholding in its subsidiary, Equitas Technologies, prior to the scheme taking effect

RBI gives no-objection for merger of Equitas SFB, Equitas Holdings

The conditions laid down by the RBI on no-objection for amalgamation include divestment of shareholding by EHL in its subsidiary -- Equitas Technologies -- prior to the scheme taking effect

Equitas Holdings, Equitas SFB gain on board approval for merger plan

As per the scheme of amalgamation, each equity shareholder of Equitas Holdings will be allotted 231 equity shares for every 100 shares of Equitas SFB.

Equitas SFB, Equitas Holdings okay scheme of amalgamation

The boards of Equitas Holdings and its subsidiary Equitas Small Finance Bank (ESFBL) have approved their merger plan, according to regulatory filings

Equitas Holdings to divest stake in ETPL ahead of merger with Equitas SFB

Equitas Holdings Ltd will divest its entire stake in subsidiary Equitas Technologies Pvt Ltd (ETPL) as part of the requirement for the merger with Equitas Small Finance Bank (ESFB)

Equitas Holdings Q2 profit falls 58 pc at Rs 44 cr

The company on Wednesday reported the plunge in consolidated net profit

Equitas Holdings, Equitas SFB rally on amalgamation scheme approval

Equitas SFB will issue 226 shares to holding company's shareholders for every 100 they held

Equitas Holdings, Equitas SFB get board, shareholders nod for amalgamation

The board of directors and shareholders of Equitas Holdings Ltd (EHL) and Equitas Small Finance Bank (ESFB) on Monday approved the amalgamation scheme of the two companies.

RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%

The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme

Equitas Holdings up 33% in 2 days on heavy volumes; stock nears 2-year high

Trading volumes on the counter jumped over 6-fold with a combined 18.99 million shares having changed hands on the NSE and BSE till 10:35 am

Equitas SFB prunes IPO size by half to Rs 518 cr, issue opens Oct 20

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

Equitas Small Finance Bank submits draft papers for Rs 280-crore IPO

ESFB filed the papers on October 11, EHL said in a regulatory filing. The prospectus was taken on record by the RoC on October 13, it added

Equitas SFB revises offer size for proposed initial public offering

Equitas Small Finance Bank had received the Sebi's approval for the IPO on March 3