Equitas Small Finance Bank Listed

Offers savings accounts, fixed and recurring deposits, loans such as home, car, and gold loans, and insurance products.

Core business revolves around small-ticket loans across microfinance, vehicle finance, MSME/SME, and housing finance.

ESFB focuses on mass affluent communities from Tier-1 and metro cities for deposits and other products.

Lends to aspiring entrepreneurs and small business owners from underserved segments.

Most of Equitas's Micro Loans are held by women, offered as Joint Liability Group loans designed for self-employed women.

A dedicated savings account for women depositors with telehealth consultations, discounts and rewards.

1,053 banking outlets and 390 ATMs across 18 states and union territories.

The holding entity started operations in 2007 in the microfinance segment and diversified into vehicle & housing finance in 2011.

Entered the SME and Loan-Against-Property segment in 2013.

Received an RBI small finance bank licence and commenced banking operations in September 2016.

Equitas emphasizes low-cost deposits through savings and current accounts (CASA), alongside term deposits, as its funding base.

Strategic bancassurance partnership announced June 2025 to distribute Edelweiss Life's protection, savings, endowment and ULIP products through Equitas's branch network, strengthening the bank's presence in Southern markets.

Bancassurance partnership announced October 2025 distributing retail and group life, savings, health and ULIP plans through Equitas's network, extending into microfinance and loan-protection segments across 18 states.

Strategic bancassurance alliance announced December 23, 2025 to distribute Canara HSBC Life's protection, savings, annuity, child and investment-linked plans across Equitas's outlet and ATM network.

Launched August 2021, giving shortlisted fintech start-ups direct access to Equitas's tech platform and API sandbox across payments, lending, CASA and API banking, with the best performers able to become Equitas's first commercial or co-brand partner.

Revenue is driven by interest income from advances (Rs 37,986 crore as of March 31, 2025) plus fee-based services like insurance and mutual fund distribution.

Total operating expenses were Rs 875 crore in Q1 FY27, up from Rs 837 crore in Q4 FY26, driven mainly by employee costs of Rs 549 crore from annual increments; cost-to-income ratio stood at 68.38%, improved from 70.62% a year earlier.

Cost of funds rose 11 basis points sequentially to 7.05% in Q1 FY27. Credit cost on average gross advances fell sharply to 1.37% (from 6.48% in Q1 FY26), with total quarterly provisions of Rs 160.66 crore split between microfinance (Rs 34.73 crore) and non-MFI (Rs 125.93 crore) books.