Equitas Small Finance Bank Reports Growth in Deposits and Advances
Equitas Small Finance Bank Limited announced a provisional increase in both deposits and advances for the quarter ended March 31, 2026. Gross advances grew by 21.58% year-over-year (YoY) and 6.74% quarter-over-quarter (QoQ), reaching ₹46,183 crore. This growth was supported by robust disbursements of ₹7,347 crore, a 12.05% increase QoQ and a 72.19% rise YoY.Total deposits increased by 7.96% YoY and 6.56% QoQ, reaching ₹46,533 crore. The bank’s Cost of Funds decreased to 6.93%.
Key Financial Highlights (₹ Crore)
| Particulars (In Rs. Crore unless specified otherwise) | March 31, 2025 (Audited) | December 31, 2025 (Un-audited) | March 31, 2026 (Provisional) | YoY % | QoQ % |
|---|---|---|---|---|---|
| Gross Advances * | 37,986 | 43,268 | ^ 46,183 | 21.58 | 6.74 |
| Total Deposits | 43,102 | 43,668 | 46,533 | 7.96 | 6.56 |
Micro Finance & Micro Loans comprised ₹5,757 crore of gross advances, representing a 27.18% YoY increase and 11.58% QoQ growth.
The CD Ratio for the quarter stood at 93.69%, while the CD Ratio after reducing refinance borrowings from advances was 83.44%.
Microfinance & Micro Loans Performance
The bank reported a consistent reduction in the 1-90 Days Past Due (DPD) for Microfinance & Micro Loans. The X Bucket collection efficiency improved to 99.71% in March 2026, indicating a stabilization of credit stress. The Principal Outstanding (POS) of fresh loans slipping from the X bucket to the OD bucket has decreased to ₹9 crore in March 2026, a significant reduction from ₹97.48 crore in April 2025.
Advances Mix
As of March 31, 2026, Micro Finance & Micro Loans (Unsecured) comprised 12% of the total advances mix, including disbursements and advances, while all other loans (secured) made up 88%.
The reported figures are provisional and subject to approval by the Audit Committee and Board of Directors, as well as statutory audit.
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