Monday, January 11, 2021

Equitas Small Finance Bank jumps after its deposits increase 51% YoY in Q3FY21

Equitas Small Finance Bank is currently trading at Rs. 40.60, up by 1.15 points or 2.92% from its previous closing of Rs. 39.45 on the BSE.

The scrip opened at Rs. 41.00 and has touched a high and low of Rs. 41.70 and Rs. 40.25 respectively. So far 203624 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.30 on 07-Jan-2021 and a 52 week low of Rs. 30.10 on 02-Nov-2020.



Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 37.20 respectively. The current market cap of the company is Rs. 4621.30 crore.

Equitas Small Finance Bank’s total deposits stood at Rs 15,862 crore (provisional) as of December 31, 2020 (Q3FY21), up 23% QoQ from Rs 12,901 crore as of September 30, 2020 and up 51% year on year (YoY)  from Rs 10,493 crore as of December 31, 2019. Gross Advances stood at Rs 17,385 crore (provisional) as of December 31, 2020, up 4% QoQ from Rs 16,731 crore as of September 30, 2020 and up 19% YoY from Rs 14,615 crore as of December 31, 2019.

CASA was at Rs 3,967 crore (provisional) as of December 31, 2020, up 22% QoQ from Rs 3,246 crore as of September 30, 2020 and up 81% YoY from Rs 2,196 crore as of December 31, 2019. CASA Ratio stood at 25% (provisional) as of December 31, 2020 as against 25% as of September 30, 2020 and 21% as of December 31, 2019.

Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.

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