FilingReader Intelligence

Equitas Bank posts $27m loss on provisions

August 8, 2025 at 08:49 AM UTCBy FilingReader AI

Equitas Small Finance Bank reported a loss of INR 224 Cr for Q1FY26 due to one-time additional provisions totaling INR 330 Crs, including INR 185 Crs for Standard Asset Provision in Microfinance and INR 145 Crs for NPA Provision.

The bank posted 8% growth in advances, driven by an 18% increase in non-MFI advances. Total deposits grew 18% with retail term deposits up 20% to INR 19,354 Crs.

Gross Non-Performing Assets improved 7 basis points to 2.82% quarter-over-quarter.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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