October 04, 2025
National Stock Exchange of India Limited BSE Limited
Exchange Plaza Phiroze Jeejeeboy Towers
Bandra Kurla Complex (BKC) Dalal Street
Bandra (east) Mumbai – 400001
Mumbai – 400051
Symbol: EQUITASBNK Scrip Code No. : 543243,976218 & 976979
Dear Sir
Sub: Disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015-Business Update for the quarter ended September 30, 2025
In accordance with applicable provisions of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, we would like to intimate the following with respect to Bank's
Deposits and Advances for the quarter ended September 30, 2025:
I. Quarterly Updates:
September
Particulars September June 30, 2025 YoY QoQ
30, 2025
(In Rs. Crore unless 30, 2024 (Unaudited) % %
(Provisional)
specified otherwise) (Unaudited)
Gross Advances* 36,053 37,610 ^39,145 8.58 4.08
Micro Finance & Micro
5,636 3,537 3,414 (39.42) (3.46)
Loans
Non- Micro Finance &
30,417 34,073 35,731 17.47 4.87
Micro Loans
Total Deposits 39,754 44,345 44,094 10.92 (0.57)
CASA 12,079 13,019 13,622 12.78 4.63
CASA Ratio (%) 30% 29% 31%
Cost of Funds (%) 7.50% 7.49% 7.35%
*Gross Advances includes IBPC/Securitized/Assigned portfolio of Rs. 2047 Crore as on
September 30, 2025 and Rs. 2,175 Crore as on June 30, 2025
^These are subject to change based on technical write off
Advances: Compared to a 1% degrowth in gross advances in the June ’25 quarter on a QoQ basis,
the gross advances for the Sep ’25 quarter has grown by 4% QoQ on the back of improved
disbursement of Rs. 5381 crs, a growth of 53% QoQ & 11% YoY. Similarly, the Micro finance and
micro loan advances, which had degrown 22% QoQ in the June ’25 quarter has improved to a de-
growth of 3% QoQ for the Sep ’25 quarter, with increased disbursement in micro finance & micro
loan.
During Q2FY26, the bank has sold its NPA assets amounting to ~Rs.216 crs to an ARC (Asset
Reconstruction Company).
II. CD Ratio
Mar-25 Jun-25 Sep-25
Particulars (Audited) (Unaudited) (Provisional)
CD Ratio (%) 85.66% 79.91% 84.14%
CD Ratio (%) (after reducing Refinance
81.86% 76.48% 78.57%
borrowings from advances)
III. MFI & Micro Loan 1-90 DPD Trend:
With collection efficiencies improving, the 1-90 DPD has shown consistent reduction
May-
Particulars Apr-25 25 Jun-25 Jul-25 Aug-25 Sep-25
X Bucket (%) 84.45% 82.42% 89.65% 88.34% 87.52% 87.05%
1 - 90 DPD (in Crs) 365 322 285 245 212 183
1 - 90 DPD (%) 8.45% 7.83% 8.06% 7.09% 6.21% 5.36%
IV. X Bucket Collection Efficiency in Microfinance & Micro Loans
a) Quarterly Trend:
Particulars Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26
Overall 98.85% 98.22% 98.17% 97.96% 97.97% 98.56%
Tamil Nadu (TN) 98.97% 98.48% 98.26% 98.41% 98.13% 98.63%
Karnataka (KA) 98.97% 97.89% 96.72% 91.85% 94.62% 96.81%
b) X Bucket Collection Efficiency in Microfinance & Micro Loans (Disbursed from Jan’25)
The X bucket collection efficiency of new loans disbursed during the current calendar year is at the
earlier normal level:
Particulars Apr’25 May’25 June’25 Q1FY26 Jul’25 Aug’25 Sep’25 Q2FY26
Overall 99.30% 99.41% 99.56% 99.45% 99.43% 99.50% 99.59% 99.52%
Tamil Nadu (TN) 99.43% 99.50% 99.55% 99.50% 99.48% 99.62% 99.71% 99.62%
Karnataka (KA) 94.41% 97.06% 98.77% 97.05% 98.34% 98.43% 98.83% 98.57%
V. Fresh OD Trend (MFI and Micro Loan):
With X bucket CE improving, the Principle Outstanding (POS) of loans which slip from X bucket
to OD bucket has come down sharply, which is expected to lead to lower levels of stress and
consequent levels of NPA and credit cost going forward:
Particulars (in Rs.
Apr’25 May’25 June’25 Jul’25 Aug’25 Sep’25
Crs)
POS value of Fresh
97.48 72.48 44.73 52.58 38.12 30.16
OD accounts
VI. Provisional Net Slippages in the Small Business Loan segment (SBL):
Karnataka, which saw increasing slippages over the last 4 quarters in the Small Business Loans
secured against house property, saw an improvement in the 2nd quarter, while the rest of the
regions continue to perform well.
Net Slippages Q1FY26 Q2FY26
Karnataka 9.35% 7.98%
Others 2.07% 1.17%
Overall 3.22% 2.23%
VII. Advances mix as on September 30, 2025 (Provisional):
Micro Finance & Micro Loans (Unsecured) 9%
All Other Loans (Secured) 91%
Please note that the numbers mentioned above as on September 30, 2025 are provisional numbers
and is subject to review by the Joint Statutory Auditors of the Bank and approval of the Audit
Committee and Board of Directors.
Kindly take the above information on record.
Thanking you,
Yours faithfully,
For Equitas Small Finance Bank Limited
Digitally signed by NATARAJAN
NATARAJAN
RAMANATHAN
DN: c=IN, o=PERSONAL,
pseudonym=e7a4e61f84174d438e578061
3c9ff31c,
RAMANATH 2.5.4.20=88b6d46570e69ab209245c40d75f
3794dd2012661a3bfca662d2d60208e9863
1, postalCode=600075, st=TAMIL NADU,
AN
serialNumber=311be2c6d6a94657abc0c5f
6d41449126b6b956de629c31b0c1fb590e0
68c9e3, cn=NATARAJAN RAMANATHAN
Date: 2025.10.04 13:03:01 +05'30'
N Ramanathan
Company Secretary
