Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Limited announced the appointment of Mr. Balaji Nuthalapadi as Interim Chief Executive Officer (CEO), subject to Reserve Bank of India (RBI) approval. Mr. Nuthalapadi, currently a Whole-Time Director, has been instrumental in enhancing digital capabilities and operational efficiency. The appointment follows the resignation of Mr. P. N. Vasudevan. The bank's board has initiated the process to identify a successor to Mr. Vasudevan and assured stakeholders of a smooth transition. Equitas Small Finance Bank remains committed to its strategic priorities and delivering inclusive banking services.

Equitas Small Finance Bank Limited announced the Board of Directors' approval for the appointment of Mr. Balaji Nuthalapadi as the Interim Chief Executive Officer (CEO). This appointment is consequent to the resignation of Mr. P. N. Vasudevan as MD & CEO and is effective from the date of Reserve Bank of India (RBI) approval. Mr. Nuthalapadi, currently a Whole-Time Director, brings over 28 years of experience from his tenure at Citi. The bank has also initiated the process to identify a successor for the regular MD & CEO position.

SBI Mutual Fund has sold 2,19,34,070 shares, representing a 1.9171% stake, in Equitas Small Finance Bank Ltd. The transaction, valued at ₹11,44,13,14,910/-, resulted in SBI Mutual Fund's holding decreasing from 4.9907% to 3.0736% of the company's paid-up share capital. The sale occurred on October 30, 2026, and was conducted via the open market.

Equitas Small Finance Bank Limited has announced that its representatives will attend a Non-Deal Roadshow organized by Motilal Oswal Financial Services Limited. The roadshow is scheduled for Wednesday, November 4, 2026, from 10:00 AM to 5:00 PM IST. This event provides an opportunity for the bank to meet with existing and prospective investors and analysts. A presentation for the roadshow has been made available on the bank's website. No Unpublished Price Sensitive Information (UPSI) is expected to be shared during these meetings.

Equitas Small Finance Bank Limited has announced its participation in an investor conference organized by Ashika Stock Broking Limited. The conference is scheduled for Thursday, November 05, 2026, and will be held in Mumbai. Representatives from the bank will attend the 'Institutional Investor Conference' in a one-to-one meeting format. A presentation, which does not contain any unpublished price-sensitive information, has been made available on the bank's investor relations website.

Equitas Small Finance Bank Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved these results, which were recommended by the Audit Committee. The bank also confirmed the full utilization of its Non-Convertible Debentures (NCDs) proceeds amounting to Rs. 1500 crores across multiple issuances, with no material deviation from the stated purpose. Additionally, the Board approved the re-appointment of Mr. Anil Kumar Sharma as Part-Time Chairman for a further three-year term and the shifting of the bank's registered office within Chennai, effective October 30, 2026.

Equitas Small Finance Bank announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The bank achieved its highest-ever quarterly Profit After Tax (PAT) of ₹218 crore in Q2FY27, marking an 803% year-on-year increase. Total business crossed the ₹1 Lakh Crore milestone. Gross advances grew by 30% YoY to over ₹50,000 crore, and total deposits also surpassed ₹50,000 crore, growing 19% YoY. Net interest margin (NIM) stood at 6.69%, a decline of 55 bps QoQ. Gross NPA improved to 2.29% and Net NPA to 0.70%. The bank's CRAR was 20.92%.

Equitas Small Finance Bank Limited has announced the resignation of its Managing Director & Chief Executive Officer, Mr. P. N. Vasudevan. He intends to step down to pursue personal and social initiatives. The Board of Directors has accepted his resignation and expressed appreciation for his leadership since the bank's inception. Mr. Vasudevan will continue in his role until a successor is appointed. The Nomination and Remuneration Committee will identify suitable candidates, with the final appointment subject to regulatory approvals. The bank anticipates no impact on its long-term vision.

Equitas Small Finance Bank Limited announced that its Board of Directors, in a meeting held on October 29, 2026, approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The bank also confirmed that Non-Convertible Debentures (NCDs) totaling ₹1500 crores issued between December 2024 and September 2026 have been fully utilized without material deviation. Additionally, the Board approved the re-appointment of Mr. Anil Kumar Sharma as Part-Time Chairman for three years from April 25, 2027, and the shifting of the registered office within Chennai, effective October 30, 2026.

Equitas Small Finance Bank's standalone PAT came in at ₹218.04 Cr for Q2 FY27, up from just ₹24.14 Cr a year ago (+803% YoY) and up 18.8% sequentially from ₹183.61 Cr in Q1 FY27. The YoY jump is a base effect — Q2 FY26 profit was crushed by elevated microfinance-led credit costs — so the cleaner read is the sequential trend: a second straight profitable quarter with PAT still climbing. Total income was ₹2,357.51 Cr (+27.7% YoY, +5.4% QoQ) on interest earned of ₹2,066.00 Cr, and NPM expanded to 9.25% from 8.29% in Q1 and 1.31% a year ago. This beat our own pre-result expectation of ₹190-200 Cr net profit, even as gross advances (₹50,694 Cr) and deposits (₹52,483 Cr) both landed a touch under the ₹51-52K Cr / ₹53-54K Cr ranges flagged going in. The swing was driven almost entirely by provisions, which fell to ₹114.99 Cr from ₹207.02 Cr a year ago and ₹160.66 Cr in Q1 — confirming management's ~1.5% FY27 credit-cost guidance is being met comfortably. Asset quality backs this up: GNPA eased to 2.29% (Q1: 2.42%, year-ago: 2.92%) and NNPA to 0.70% (Q1: 0.71%, year-ago: 0.98%). Pre-provision operating profit rose to ₹402.37 Cr (+67.3% YoY), but OPM (operating profit/interest earned) actually eased to 19.48% from 20.65% in Q1, so the pre-provision growth engine slowed a touch sequentially even as the bottom line kept improving on lower credit costs. Advances grew 29.58% YoY to ₹50,694 Cr — ahead of management's 20%+ FY27 guidance and above even Q1's 27% pace. Capital adequacy rose to 20.92% (19.44% in Q1) after the bank raised ₹500 Cr of Tier II capital via NCDs listed September 25, 2026, which also bolsters the capital-raise argument in the Street's bull case. Net interest margin is not disclosed in this regulatory filing — management had guided to 7.0-7.1% moderating from Q1's 7.24% — so that watch item stays open pending the press release/concall. A GST matter was also resolved favourably this quarter, with the proposed tax demand cut 95.5%, trimming a contingent liability. No company press release was available alongside this filing to check management's own framing of the quarter against these numbers. Going into Q3, this is the second consecutive quarter of recovery from FY26's microfinance-stress cycle, with profit now growing sequentially rather than merely rebounding off a depressed base. Pre-result Street consensus rated the stock a Strong Buy (target ₹86.53, 19 analysts) on the case of sustained 20%+ advance growth, post-raise capital strength, and a path to 1.5% ROA by Q4 FY27, flagging NIM/execution risk as the key pin; this quarter's non-annualised ROA of 0.32% (Q1: 0.29%, annualising to roughly 1.2-1.3%) and improving asset quality support that path, though NIM confirmation is still pending.