Equitas Small Finance Bank has scheduled a board meeting for Wednesday, June 24, 2026, to consider and approve the draft notice for its Tenth Annual General Meeting. The meeting will also deliberate on proposals to raise capital through debt and equity instruments, subject to regulatory approvals. The AGM date and time are yet to be decided.

The Board of Directors will consider the issuance of Redeemable, Unsecured Non-Convertible Debentures, bonds, or other debt securities on a private placement basis. Additionally, the board will evaluate raising capital via a Qualified Institutions Placement (QIP) by issuing equity shares or other eligible securities to eligible investors.

In compliance with regulatory norms, the trading window for dealing in the bank's securities will remain closed for Designated Persons and their immediate relatives from June 22, 2026, to June 29, 2026. The window will reopen briefly on June 30, 2026, before closing again from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026.

Agenda Items

The board meeting will focus on the following key proposals:

• Approval of the draft notice for the Tenth Annual General Meeting.
• Issuance of debt securities via private placement.
• Raising capital through a Qualified Institutions Placement.

Trading Window Schedule

Equitas Small Finance Bank has revised its Foreign Currency Non-Resident (FCNR(B)) deposit rates to 7.13% per annum for US dollar deposits with a tenure of 3 to 5 years. This rate hike follows the Reserve Bank of India's special FCNR(B) swap facility, aimed at encouraging higher NRI fund inflows into India. The bank stated that this move positions it to offer NRIs a competitive combination of return, stability, and flexibility.

Revised Deposit Parameters

The updated deposit offering is designed to help NRIs preserve overseas earnings while insulating them from currency volatility. The key features of the revised FCNR(B) deposit are outlined below:

Strategic Alignment and Benefits

The rate revision aligns with the RBI's initiative to boost foreign currency inflows into the domestic banking system. FCNR(B) deposits allow non-resident Indians to maintain foreign currency deposits in India, shielding them from exchange rate risk while earning interest in the same currency. The deposits offer tax-free interest earnings in India and full repatriability of both principal and interest on maturity, subject to applicable regulations.

Murali Vaidyanathan, Country Head - Liabilities, Equitas Small Finance Bank Limited, highlighted that the RBI's recent regulation strengthens the appeal of FCNR(B) deposits by addressing hedging costs, making the bank's 7.13% rate a compelling option for NRIs.

Rupee-Denominated Options

In addition to FCNR(B) deposits, Equitas Small Finance Bank offers NRO and NRE Fixed and Recurring Deposits for NRIs preferring rupee-denominated investments. Fixed Deposits currently offer 7.75% per annum for 888 days, while Recurring Deposits provide 7.10% per annum for tenures ranging from 12 to 15 months.