Equitas Bank reports growth in advances and deposits

Equitas Small Finance Bank announced its business update for the quarter ended June 30, 2025, showcasing positive growth in key areas. Gross Advances reached INR 38,034 Crore, representing a 9.07% year-on-year increase and a slight 0.13% increase quarter-on-quarter. Total Deposits also saw a significant rise, reaching INR 44,379 Crore, up 18.27% year-on-year and 2.95% quarter-on-quarter. The CASA ratio remained steady at 29%, while the cost of funds marginally decreased to 7.49%. However, Micro Finance & Micro Loans saw a significant decrease. The bank also reported its annualized net slippage for the quarter, with the overall net slippage at 4.35%. These figures are provisional and subject to final review.