Equitas SFB Q3FY26 Advances Up 10.6% QoQ to ₹43,269 Crore; Deposits Flat
Equitas Small Finance Bank's Gross Advances grew 10.6% QoQ to ₹43,269 crore for Q3FY26. Disbursements increased 22% QoQ. Deposits were flat QoQ at ₹43,668 crore. The bank sold ₹55 crore of NPAs and ₹294 crore of written-off assets. 1-90 DPD reduced to 2.77% and net slippages improved.
The growth in advances and improved asset quality metrics are positive indicators for the bank's financial health and future performance, but the flat deposit growth and slight decrease in CASA ratio temper the overall impact.
The bank reported strong growth in gross advances and disbursements, alongside a reduction in NPAs and DPDs, indicating improving asset quality and business expansion.
Equitas Small Finance Bank Limited (EQUITASBNK) has reported its business update for the quarter ended December 31, 2025. Gross Advances saw a robust growth of 10.60% quarter-on-quarter (QoQ) and 15.86% year-on-year (YoY), reaching ₹43,269 crore on a provisional basis. This growth was driven by strong disbursements of ₹6,557 crore, marking a 22% QoQ and 28% YoY increase.
Total Deposits, however, experienced a slight dip of 0.97% QoQ to ₹43,668 crore, while showing a 7.24% YoY increase. CASA deposits decreased by 5.40% QoQ to ₹12,886 crore, resulting in a CASA ratio of 30%. The cost of funds improved to 7.13% from 7.35% in the previous quarter.
The bank completed two transactions involving the sale of non-performing assets (NPAs) to Asset Reconstruction Companies (ARCs). Approximately ₹55 crore of NPA assets and ₹294 crore of technical written-off pool assets were sold.
The Microfinance & Micro Loans segment saw a 51.94% QoQ increase in advances to ₹5,159 crore, though it was a marginal 3.93% decrease YoY. Non-Micro Finance & Micro Loans grew by 19.19% YoY and 6.67% QoQ.
The Credit-Deposit (CD) ratio, after reducing refinance borrowings from advances, stood at 85.41% as of December 31, 2025, up from 78.52% in the previous quarter.
The bank reported a consistent reduction in 1-90 DPD (Days Past Due) for its Microfinance & Micro Loans segment, with the 1-90 DPD percentage decreasing to 2.77% from 5.39% in the previous quarter. Collection efficiencies remained high, with the overall X bucket collection efficiency at 99.12% for December 2025.
Provisional Net Slippages in the Small Business Loan segment improved significantly, with the overall net slippages at 1.47% for Q3FY26 compared to 2.48% in Q2FY26. The advance mix shows Micro Finance & Micro Loans (Unsecured) at 12% (including DA) and All Other Loans (Secured) at 88% (including DA).
These figures are provisional and subject to a limited review by the Joint Statutory Auditors and approval from the Audit Committee and Board of Directors.
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