Equitas Small Finance Bank's Q1 Gross Advances Jump 18%
The bank's total deposits grew 35.4% to Rs 37,524 crore in the April-June quarter.
Equitas Small Finance Bank Ltd.'s gross advances rose 17.8% on a yearly basis to Rs 34,872 crore in the first quarter of fiscal 2025, according to provisional quarterly business updates filed with stock exchanges on Thursday.
The bank's total deposits grew 35.4% to Rs 37,524 crore in the April-June quarter, compared to Rs 27,709 crore in the same period last year.
Current Account Saving Account ratio—the proportion of deposits that come from low-cost current and savings accounts—dipped marginally from 32% to 31%, sequentially, to Rs 11,724 crore. A higher CASA ratio indicates a lower cost of funds, since lenders do not usually give any interest on current account deposits and the interest on saving accounts is low.
Shares of Equitas Small Finance Bank were trading 0.17% lower at Rs 94.42 apiece at 2:50 p.m., compared to a 0.19% advance in the benchmark BSE Sensex.
