Equitas Small Finance Bank Ltd. · NSE:EQUITASBNK
Equitas Small Finance Bank — Q3 FY2026 Earnings Presentation
52 slides from Equitas Small Finance Bank's earnings presentation, Jan 29, 2026
Slide 1: Submission of Investors presentation to stock exchanges
January 29, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai – 400 051 Mumbai – 400 001 Symbol : EQUITASBNK Scrip Code : 543243 , 976218 & 976979 Dear Sir Sub: Submission of Investors presentation Pursuant to
Slide 2: Investor Presentation Q3FY26
Investor Presentation Q3FY26
Slide 3: Disclaimer
Disclaimer Disclaimer: The information in this document, including facts and figures, is being provided by Equitas Small Finance Bank Limited (the “Bank”) for informational purposes only and could be subject to change without notice. The information has also not been independently verified. No repre
Slide 4: Table of Contents
Table of Contents 1. Key Highlights 2. Financial Performance 3. Advances 4. Asset Quality 5. Liabilities & Branch Banking 6. Financials 7. Other Updates 8. Beyond Banking 3
Slide 5: Key Highlights
Equitas Small Finance Bank Key Highlights
Slide 6: Snapshot
Snapshot Operational Asset Offerings Liability Profile Financials Gross Advances: Total Deposits: PAT for Q3FY26: 18 States and UTs Rs. ^43,268 Cr [Rs. 37,344 Cr] Rs. 43,668 Cr [Rs. 40,719 Cr] Rs. 90Cr [Rs. 66Cr] SBL - 41%, VF - 23%, CASA – 30%, TD – 70% MFI - 12%, HF - 12% MSE - 5%, NBFC - 4% Disbu
Slide 7: DPD Trends
DPD Trends MICROFINANCE NON MFI BANK Non MF Loan Mix 1-90 DPD 1-90 DPD MF Loan Mix 1-90 DPD 12.00% 92% 9.48% 9.06% 91% 10.00% 8.27% 8.35% 7.98% 7.92% 7.60% 14% 7.94% 90% 12% 12% 9.63% 8.00% 9.41% 89% 9% 9% 6.00% 88% 87% 4.00% 86% 7.82% 8.05% 2.14% 85% 6.27% 5.40% 2.00% 86% 88% 91% 91% 88% 84% 0.00%
Slide 8: Yield on Gross Advances
Yield on Gross Advances MFI Mix on Avg Basis Overall Yield MFI Yield Non MFI Yield 23.72% 24.01% 23.68% 23.08% 22.60% 22.48% 22.43% 16.76% 16.70% 16.60% 16.33% 16.06% 15.73% 15.63% 15.19% 15.22% 15.33% 15.31% 15.28% 15.06% 14.97% 17.7% 16.4% 15.0% 13.1% 10.7% 9.0% 8.6% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1
Slide 9: NIM Movement
NIM Movement The bank reported a significant expansion in NIM due to the following factors: • Significant increase in interest income from advances sequentially • Interest expenses reduced, driven by a decline in the cost of funds from 7.35% in Q2FY26 to 7.13% in Q3FY26 ΔA Interest Income from Advan
Slide 10: Strategic Actions Taken
Strategic Actions Taken Microfinance: • Restarted disbursing MFI loans to maintain portfolio at around 10% levels of the overall Advances mix. MFI disbursements in Q3FY26 grew by 72% QoQ to Rs.1173 crs from Rs.682 crs in Q2FY26 • From August 2025, all MFI disbursements are aligned to a monthly repay
Slide 11: Strategic Actions Taken
Strategic Actions Taken Driving Growth in Secured Loans • SBL: Karnataka has shown signs of improvement in net slippages (table below). Also, disbursements has improved and reached closer to normal levels. • Vehicle Finance: To further strengthen the Used Car segment, we have identified ~100 high-po
Slide 12: Delivering on Liability 2.0 Strategy
Delivering on Liability 2.0 Strategy Liability 2.0 Strategy aims to improve our competitiveness by Personal a) reducing the cost of mobilizing deposits through efficiency Loan b) narrowing the difference in cost of funds compared to large banks. The peak RTD rate differential an year back was 1.25%
Slide 13: Outlook for FY26
Outlook for FY26 We are in line with our stated guidance for FY26. The cost of funds has Targeting mid-teen commenced a growth in overall downward trajectory Cost to Income is advances for FY26, and is anticipated to expected to moderate primarily driven by the decline further in H2FY26 driven by se
Slide 14: Key Highlights
Key Highlights Assets • Highest ever overall Disbursements at Rs. 6557 crs in Q3FY26, a growth of 28% YoY & 22% QoQ • Highest ever quarterly Non MFI Disbursements at Rs. 5385 crs in Q3FY26, a growth of 35% YoY & 15% QoQ • Gross advances grew by 16% YoY & 11% QoQ supported by robust disbursements acr
Slide 15: Key Highlights
Key Highlights Liabilities • Overall deposits grew by 7% YoY • Cost of Funds reduced by 22 bps to 7.13% during the quarter aided by reduction in rates offered in SA and TD • CASA ratio stable at 30% • Total Retail Deposits (Retail TD+CASA) forms 73% of the overall deposits • About 94% of bulk TD is
Slide 16: Highlights
Highlights Asset Quality & Provisioning • GNPA reduced by 20 bps QoQ at 2.62% in Q3FY26 as compared to 2.82% in Q2FY26; including securitization book, GNPA would stand at 2.58% • NNPA reduced by 7 bps QoQ to 0.88% in Q3FY26 as compared to 0.95% in Q2FY26 • Net Slippages reduced significantly by 126
Slide 17: Financial Performance – Quarterly Trends
Financial Performance – Quarterly Trends 16
Slide 18: Key Ratios
Key Ratios Daily Avg Cost of Funds Net Interest Margin (NIM) Cost to Assets RoA 7.49% 7.54% 7.49% 7.35% 7.39% 7.13% 7.13% 5.77% 5.68% 5.67% 5.54% 5.96% 0.53% 0.32% 0.65% 6.72% 0.18% 6.55% 6.29% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q
Slide 19: Income Evolution
Income Evolution Net Income Evolution (Rs. Cr) PPoP / Assets (%) 818 829 852 786 774 2.68% 2.40% 2.36% 2.21% 286 285 1.76% 232 ^ 224 218 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 NII Other Income (Net) Other Income [Net] Contribution (%) Liability Fee Income (Rs .Cr) TPP
Slide 20: Opex evolution
Opex evolution Rs. Cr Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Employee expenses 425 418 460 474 516 Other expenses (net of digital expenses) 253 279 258 244 270 Depreciation 39 39 39 39 43 Total Operating expenses 717 736 757 757 829 No. of employees 24,238 25,409 25,865 27,145 28,451 Cost to Income 75.8
Slide 21: Advances
(eB) Equitas Equitas Small Finance Bank Advances
Slide 22: Advances evolution
Advances evolution Rs Cr Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 YoY % Mix % Micro Finance & Micro 5,370 4,527 3,537 3,392 ^5,159 -4% 12% Loans Small Business Loans (SBL) 15,564 16,383 16,767 17,188 17,756 14% 41% Housing Finance 4,565 4,769 4,868 5,066 5,360 17% 12% Vehicle Finance 9,262 9,456 9,510 9,8
Slide 23: Disbursements evolution
Disbursements evolution Rs Cr Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 YoY % Micro Finance & Micro Loans 1,145 355 266 682 1,173 2% Small Business Loans (SBL) 1,713 1,684 1,245 1,636 1,698 -1% Housing Finance 366 417 311 474 556 52% Vehicle Finance 1,512 1,321 1,221 1,506 1,569 4% - Used CV 917 860 815 1,
Slide 24: Segmental Details
Segmental Details Number of Live ATS @ ATS @ Product Segment GNPA (%) PCR (%) Loans Disbursement (Lacs) Portfolio (Lacs) Micro Finance & Micro Loans$ 10,41,896 0.70 0.37 6.62% 99.57% Small Business Loans (SBL) 3,13,069 10.58 5.64 3.04% 27.26% Housing Finance 46,555 14.48 10.47 1.04% 26.92% Vehicle F
Slide 25: Asset Quality
(eB) Equitas Equitas Small Finance Bank Asset Quality
Slide 26: Asset Quality Trend
Asset Quality Trend GNPA Movement (Rs. Cr) Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Opening GNPA Balance (A) 821.28 889.04 1022.82 1071.87 1067.73 1035.99 1081.87 Net Slippages (B) 204.72 288.92 283.85 295.31 452.77 355.19 246.54 - Net Slippages MFI Book 77.97 124.12 199.49 172.44 229.63 178
Slide 27: Strengthening Provision Coverage
Strengthening Provision Coverage PCR MOVEMENT Provisioning Provisioning Asset Classification Nature as per IRAC as per Equitas Sub-standard Secured 15% 27% 68.28% 66.83% 67.03%* 66.93% 67.10% Unsecured 25% 100% 185 Doubtful-1 Secured 25% 77% Unsecured 100% 100% Doubtful-2 Secured 40% 100% Unsecured
Slide 28: Liabilities & Branch Banking
Liabilities & Branch Banking 27
Slide 29: Deposits Evolution
Deposits Evolution CA SA CASA TD CASA+TD as on 31St Dec 2025 [Customer Deposits] [Current Account] [Savings Account] [Low cost deposits] [Term Deposits] Balance (Cr) 1275 11,611 12,886 ^30,782 43,668 as a % of total borrowings (Rs. 47,966 Cr) 3% 24% 27% 64% 91% as a % of total deposits (Rs. 43,668 C
Slide 30: Customer Deposit Profile
Customer Deposit Profile Elite Book (Rs. Cr) Savings Slab Wise (%) Deposit Category 17% 7% Upto 1 Lac OTHERS 9% 16,516 17,241 17,809 17,925 17,220 1 Lac to 1 Cr 9% 1 Cr to 3 Cr 3 Cr to 10 Cr TRUSTS 2% 8% 49% 10 Cr to 100 Cr 10% 100 Cr + GOVT./LOCAL Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 BODIES 11% Retai
Slide 31: Funding Profile
Funding Profile Book Value (In Rs Cr) Q1FY26 Q2FY26 Q3FY26 Funding Profile Mix TD 28,629 28,084 28,098 1% 4% 7% Certificate of Deposits 2,697 2,388 2,684 CASA 2% Refinance 1,521 2,452 3,299 25% TD* Refinance Tier – II Bond 500 1,000 1,000 Tier-II Bond CASA 13,019 13,622 12,886 Securitisation/Assignm
Slide 32: Treasury Update
Treasury Update The Bank’s total net Investment portfolio of Rs. 10,418 Crore comprises of SLR and Non-SLR securities Category ( In Rs. Cr) Q3FY26 SLR 9,217 Non SLR 1,201 Total 10,418 Borrowings & Liquidity • The Bank’s Certificate of Deposits (CD) programme has highest rating at A1+ from India Rati
Slide 33: Financials
(eB) Equitas Equitas Small Finance Bank Financials
Slide 34: Balance Sheet
Balance Sheet Particulars (in Rs Cr) Dec-25 Dec-24 YoY % Sep-25 QoQ% Capital & Liabilities Capital 1,141 1,139 0% 1,141 0% Reserves & Surplus 4,805 4,868 -1% 4,718 2% Networth 5,946 6,007 -1% 5,859 2% Deposits 43,668 40,719 7% 44,094 -1% Borrowings 4,299 2,427 77% 3,452 25% Other Liabilities & Provi
Slide 35: Profit & Loss Account
Profit & Loss Account Particulars (in Rs Cr) Q3FY26 Q3FY25 YoY% Q2FY26 QoQ% Interest Income from Loans 1,495 1,425 5% 1,410 6% Income on Investments 169 164 3% 163 4% Interest on balances with RBI and other inter bank funds 28 23 19% 44 -37% Total Interest Income 1,692 1,612 5% 1,617 5% Finance Cost
Slide 36: Profit & Loss Account
Profit & Loss Account Particulars (in Rs Cr) Q3FY26 Q3FY25 YoY% Q2FY26 QoQ% Net Income 1,137 1,050 8% 997 14% Employee Cost 516 425 21% 474 9% Opex 313 292 7% 283 10% Total Operating Expenditure 829 717 16% 757 9% PBT before provision & Write-off 308 333 -8% 240 28% Credit Cost 194 243 -20% 207 -7%
Slide 37: GNPA Movement
GNPA Movement 1,25 0 2.97% 2.89% 2.82% 2.82% 2.62% 3.5 0% 3.0 0% 1,05 0 2.5 0% 850 2.0 0% 650 0.96% 0.98% 0.94% 0.95% 0.88% 1.5 0% 1.0 0% 450 0.5 0% 0.0 0% 250 1,072 340 1,068 354 1,036 342 1,082 358 1,116 367 -0.50% 50 -1.00% Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 GNPA (Rs. Cr) NNPA (Rs. Cr) GNPA % NNP
Slide 38: Key Ratios – Annual
Key Ratios – Annual Cost of Funds Net Interest Margin (NIM) Cost to Assets RoA 7.50% 9.00% 7.34% 7.32% 8.44% 8.54% 8.36% 6.34% 2.00% 7.26% 7.51% 1.89% 6.52% 6.05% 1.70% 6.00% 5.71% 5.73% 1.10% 6.58% 6.38% 5.52% 0.30% FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 FY24 FY25 9MFY26 FY21 FY22 FY23 FY24
Slide 39: Other Updates
(eB) Equitas Equitas Small Finance Bank Other Updates
Slide 40: Equitas Selfe Loans
Equitas Selfe Loans Selfe Loans - One App, Many Loans… The go to App targeted at tiny entrepreneurs across cities and towns for loan enquiries. Built with the latest technology architecture to support scale and agile development. ~₹ 1380 Crs* of Loans Disbursed *1.5 Lakh+ Registrations *3 Lakh+ Down
Slide 41: Equitas Mobile Banking App 2.0
Equitas Mobile Banking App 2.0 Next Generation Cloud Native, future ready platform with: Completely New User Interface, Hassle free Experience, Built with enhanced security, and many more… • New UPI Platform • BBPS • Face Recognition Integrations • App Protect • User Experior • ASBA IPO 40
Slide 42: Insta banking Services – Tech Led CX
Insta banking Services – Tech Led CX Insta Banking aims to eliminate the use of paper based requests by customers by leveraging micro service based technology, biometrics, etc. Over 40 service journeys envisaged Leveraging Aadhar biometric for authentication Insta Banking Tab/own device based servic
Slide 43: Building the Equitas Brand
Building the Equitas Brand Money Saved is Money Suiinio sflenee CG Thousand Lights Qweegn Metro
Slide 44: Our Philosophy and Mission
Our Philosophy: A Stable, Sustainable Customer Pride of Performan & Scalable Bank First ce Core Fair and Our Mission: To create the most Values Transparent valuable bank for all stakeholders through Respect Ownership happy employees for People
Slide 45: Our Presence
Our Presence Map not to scale . Districts present in | Branch network States Advances (%) Deposits (%) Andhra Pradesh 3.89% 1.72% Chandigarh 0.01% 2.41% Chhattisgarh 0.83% 1.51% 28 Punjab Himachal Pradesh 3 1 Chandigarh Uttarakhand 2 Delhi 1.06% 8.04% 30 Haryana Gujarat 4.40% 5.55% Delhi 18 Haryana
Slide 46: Product Suite - Assets
Product Suite - Assets MicroFinance & Micro Loans Small Business Loans (SBL) • Addressing the unbanked and underserved market • Small Business Loans (SBL) is the Bank’s flagship segments with fair and transparent lending product, representing 40%+ of our entire advance practices. portfolio • Focusin
Slide 47: Contd…
Contd… Housing Finance Vehicle Finance • Loans are specifically designed to cater to • Portfolio comprises of tailor-made loans individuals aiming to purchase their first affordable empowering skilled drivers to become vehicle housing property owners and business operators, thereby elevating their s
Slide 48: Contd…
Contd… MSE Finance NBFC • Focusing on the organised segment of the • The Bank offers Term Loans to Non-Banking economy by providing working capital loans Financial Companies (NBFCs), enabling them to (CCOD) and term loans for capex. offer retail customers services such as microfinance, vehicle finan
Slide 49: Product Suite - Liabilities
Product Suite - Liabilities The Bank through its liability products serves a wide range of mass and mass affluent clientele via physical and digital channels… Physical Channels Current / Mutual Funds Savings A/C • Banking Outlets • ATMs Term Deposits Insurance Digital Channels (FD/RD) Pool of • Mobi
Slide 50: Beyond Banking
Equitas Small Finance Bank Beyond Banking
Slide 51: CSR Initiatives
CSR Initiatives SKILL TRAINING Women Trained: Inception Year - 2008 Q3FY26 - 4813 CHILDREN SCHOLARSHIP FREE CATARACT SURGERIES Cumulative - 721611 Beneficiaries:- Beneficiaries:- Q3FY26 – Nil Q3FY26 – 113 Cumulative - 2786 Cumulative - 43130 DIFFERENTLY ABLED WOMEN EMPOWERMENT Financial help: Exhibi
Slide 52: Investor Relations
Investor Relations Equitas Small Finance Bank Limited Website – https://ir.equitas.bank.in/ Email – ir@equitasbank.com 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu 51
Equitas Small Finance Bank — Q3 FY2026 Earnings Presentation on 6ix