Equitas Small Finance Bank reported a 26.70% year-on-year increase in gross advances to ₹47,653 crore for the quarter ended June 30, 2026. Total deposits grew by 10.44% YoY to ₹48,976 crore, supported by robust disbursements of ₹6,804 crore, a surge of 93.77% YoY. The bank's Credit-Deposit (CD) ratio stood at 92.96% for the period, while the CASA ratio was 25%.

Business Update Highlights

Gross advances grew by 3.22% quarter-on-quarter during the period. Micro Finance & Micro Loans advances surged 70.19% YoY to ₹6,019 crore, while Non-Micro Finance & Micro Loans increased 22.19% YoY to ₹41,634 crore. The cost of funds for the quarter was 7.05%.

Financial Metrics

The following table presents the key financial metrics for the quarter:

Key Ratios and Portfolio Mix

The CD Ratio stood at 92.96% for June 2026, compared to 79.91% in the same period last year. After reducing refinance borrowings from advances, the CD Ratio was 81.28%. The advances mix as of June 30, 2026, is presented below:

Gross advances included an IBPC/Securitized/Assigned portfolio of ₹2,126 crore as on June 30, 2026. The bank noted that figures for June 30, 2026, are provisional and subject to review by the Joint Statutory Auditors and approval by the Audit Committee and Board of Directors.

Equitas Small Finance Bank has accepted the resignation of its Chief Financial Officer, Mr. N Sridharan, effective June 30, 2026, following his superannuation. Concurrently, the bank's Chief Risk Officer, Mr. Sibi P.M, demitted office upon the completion of his five-year term. In response, the bank has appointed Mr. Mukund Shyamrao Barsagade as the new CFO and Mr. Taraka Ramana Prathipati as the Interim Chief Risk Officer, both effective July 1, 2026.

Changes in Key Managerial Personnel

Mr. N Sridharan ceased to be the Chief Financial Officer (KMP & SMP) with effect from the close of business hours on June 30, 2026. Consequently, he also stepped down from his roles as the Materiality Officer under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and as the Nodal Officer under the Investor Education and Protection Fund Rules, 2016. Mr. Sibi P.M ceased to be the Chief Risk Officer (SMP) from the close of business hours on June 30, 2026, upon the completion of his term of five years.

New Appointments

The bank confirmed the appointments of Mr. Mukund Shyamrao Barsagade as Chief Financial Officer (KMP & SMP) and Mr. Taraka Ramana Prathipati as Interim Chief Risk Officer (SMP), both effective from July 1, 2026. These changes were intimated to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The following table summarises the key personnel changes at Equitas Small Finance Bank: