Growth outlook steady; RoA to sustain at ~2%

19 Apr 2024
5 Min read 
  • Equitas Small Finance Bank has reported steady growth and improvements in asset quality.
  •  The bank is well-positioned for steady operating performance with robust loan growth and healthy margins.
  •  It focuses on building a diversified loan book, with Small Business Loans, Vehicle Finance, and Housing Finance as key segments.
  •  Loan growth has been strong and is estimated to have a 22% CAGR over FY24-26.
  •  The bank has made progress in building a granular liability franchise, with a rising mix of retail deposits.
  •  Asset quality has improved steadily, and credit costs are expected to sustain at around 1%.
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