Equitas Small Finance Bank has informed stock exchanges about the resignation of a senior management personnel, marking a significant leadership change at the financial institution.

Senior Executive Departure

Mr. John Alex, who served as Head - Lead Bank, Govt. Liaison & Social Initiatives, has tendered his resignation due to personal reasons. The resignation was submitted on January 1, 2026, and accepted by the management on January 2, 2026.

Tenure and Achievements

In his resignation letter, Mr. Alex reflected on his extensive tenure with the organization, which began in November 2008. During his service, he played a pivotal role in establishing what he described as "one of the finest social ecosystems in the country for the underprivileged."

Key highlights of his tenure include:

• Leadership Role: Rose to become CEO of Equitas Holdings Ltd
• National Recognition: Received the National CSR Award from the Ministry of Corporate Affairs, Government of India
• International Platform: Spoke at UNO, Vienna and Johns Hopkins University
• Social Impact: Contributed to building the bank's social initiatives framework

Regulatory Compliance

The bank has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was made to both the National Stock Exchange of India Limited and BSE Limited, providing all required details as per SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Personal Message

Mr. Alex's resignation letter expressed deep gratitude toward the bank's leadership, particularly acknowledging the Managing Director's guidance and vision. He emphasized his commitment to remain available to assist the bank whenever needed, despite stepping away from his formal role.

The resignation will take effect from the close of business hours on April 1, 2026, providing a transition period of three months from the acceptance date.

Equitas Small Finance Bank has received a reaffirmation of its credit ratings from India Ratings and Research, highlighting the bank's stable financial position and creditworthiness. This affirmation coincides with significant growth in the bank's balance sheet, indicating its strengthening market presence.

Credit Ratings Affirmation

On December 09, 2025, India Ratings and Research maintained the following ratings for Equitas Small Finance Bank:

The 'IND AA-' rating suggests a high degree of safety regarding timely servicing of financial obligations, while 'IND A1+' indicates the highest short-term credit quality.

Balance Sheet Highlights

An analysis of Equitas Small Finance Bank's balance sheet reveals significant growth across various financial metrics:

Key Observations

Asset Growth

The bank's total assets have increased by 113.84% over the past five years, growing from Rs. 24,708.50 crore in 2021 to Rs. 52,835.60 crore in 2025.

Equity Expansion

Total equity has risen by 78.80% in the same period, indicating a strengthening capital base.

Investment Portfolio

Investments have more than doubled, showing a 150.69% increase from Rs. 3,705.20 crore in 2021 to Rs. 9,288.70 crore in 2025.

Current Asset Surge

Current assets have seen a significant jump of 67.91% over five years, with a particularly strong growth of 43.37% in the past year alone.

The affirmation of credit ratings, coupled with the robust growth in key financial metrics, suggests that Equitas Small Finance Bank is on a strong financial footing. The consistent growth in assets, investments, and equity over the past five years indicates effective management and a solid business strategy.

For investors and stakeholders, these developments signal the bank's ability to maintain financial stability while pursuing growth opportunities. The high credit ratings, particularly for short-term instruments, also highlight the bank's strong liquidity position.

As Equitas Small Finance Bank continues to expand its operations, maintaining this growth trajectory while ensuring asset quality will be crucial for sustaining investor confidence and achieving long-term success in the competitive banking sector.