Equitas Small Finance Bank has released results for September 30, 2024, reflecting a robust performance despite ongoing challenges in the microfinance sector. Total deposits surged to ₹39,859 crore, marking a 29.25% increase year-on-year and a 6.22% rise from the previous quarter.
Non-microfinance advances rose to ₹30,414 crore, a notable 19.97% increase compared to the same period last year.
Particulars
(In Rs. Crore unless specified otherwise) |
Sept 30, 2023
(Unaudited) |
June 30, 2024
(Unaudited) |
Sept 30, 2024
(Provisional) |
YoY
% |
QoQ
% |
Total Deposits # | 30,839 | 37,524 | 39,859 | 29.25% | 6.22% |
CASA | 10,380 | 11,724 | 12,184 | 17.37% | 3.92% |
CASA (%) | 34% | 31% | 31% | ||
Cost of Funds | 7.21% | 7.46% | 7.50% | ||
Micro Finance Advances | 5,878 | 5,973 | 5,636 | -4.12% | –
5.65% |
Non Micro Finance
Advances |
25,351 | 28,898 | 30,414 | 19.97% | 5.25% |
Total Gross Advances* | 31,229 | 34,871 | 36,050 | 15.44% | 3.38% |