Equitas Small Finance Bank Ltd. · NSE:EQUITASBNK
Equitas Small Finance Bank — Q2 FY2026 Earnings Presentation
53 slides from Equitas Small Finance Bank's earnings presentation, Oct 31, 2025
Slide 1: Submission of Investors presentation to stock exchanges
October 31, 2025 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 Q2FY26
Investor Presentation Q2FY26
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/Loss for Q2FY26: 18 States and UTs Rs. ^39,123 Cr [Rs. 36,053 Cr] Rs. 44,094 Cr [Rs. 39,753 Cr] Rs. 24Cr [Rs. 13Cr] SBL - 44%, VF - 25%, CASA – 31%, TD – 69% MFI - 9%, HF - 13% MSE - 5%, NBFC - 2% D
Slide 7: DPD Trends
DPD Trends MICROFINANCE NON MFI BANK MF Loan Mix 1-90 DPD Non MF Loan Mix 1-90 DPD 1-90 DPD 12.00% 92% 9.48% 9.06% 17% 16% 8.45% 8.45% 8.94% 8.27% 7.94% 90% 7.44% 7.98% 7.92% 14% 10.00% 12% 9.63% 88% 8.00% 9.41% 9% 9% 6.00% 86% 91% 91% 84% 4.00% 88% 7.82% 8.05% 86% 82% 5.92% 6.27% 83% 84% 5.40% 2.00
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% 22.48% 22.43% 16.76% 16.70% 16.60% 16.33% 16.06% 15.73% 15.19% 15.22% 15.33% 15.31% 15.28% 15.06% 18% 16% 15% 13% 11% 9% Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 • The decline in overall y
Slide 9: NIM Movement
NIM Movement • A decline of 29 bps in interest income from advances is predominantly due to the cascading effect* of portfolio rundown in MFI. • Interest expenses improved following a reduction in the cost of funds to 7.35% from 7.49%. ΔA Interest Income from Advances ΔB Interest Income from Investm
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 Q2FY26 grew by 156% QoQ to Rs.682 crs from Rs.266 crs in Q1FY26 • 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: To scale up SBL, we have expanded our footprint by adding around 60 new branches across Andhra Pradesh, Telangana, Tamil Nadu, Karnataka, Maharashtra, and Rajasthan this year. Karnataka has started showing signs of improvement in net sli
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 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 secured (non-MFI) growth in advances portfolio, whic
Slide 14: Key Highlights
Key Highlights Assets • Gross advances grew by 4% QoQ & 9% YoY supported by increase in disbursements, particularly MFI. Disbursements in MFI grew by 156% QoQ. • Non MFI book grew 17% YoY, led by 17% growth in SBL, 36% in MSE and 80% in NBFC funding over previous year. SBL portfolio crossed Rs 17000
Slide 15: Key Highlights
Key Highlights Liabilities • Overall deposits grew by 11% YoY & flat QoQ. Retail TD grew by 11% YoY. • Cost of Funds reduced by 14 bps during the quarter aided by reduction in rates offered in SA and TD • CASA ratio stable at 31% • Total Retail Deposits (Retail TD+CASA) forms 75% of the overall depo
Slide 16: Highlights
Highlights Asset Quality & Provisioning • GNPA remains flat QoQ at 2.82% in Q2FY26 as compared to Q1FY26; including securitization book, GNPA would stand at 2.77% • NNPA remains flat QoQ at 0.95% in Q2FY26 as compared to Q1FY26 • Net Slippage improved by ~100 Bps at a bank level on a QoQ basis • Cre
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 7.69% 7.50% 7.49% 7.54% 7.49% 7.35% 7.39% 5.74% 5.77% 5.68% 5.67% 5.54% 7.13% 0.53% 0.32% 0.11% 0.18% 6.55% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 6.29% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q
Slide 19: Income Evolution
Income Evolution Net Income Evolution (Rs. Cr) PPoP / Assets (%) 802 818 829 786 774 2.94% 2.68% 2.40% 2.36% 286 1.76% 229 ^232 224 218 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 NII Other Income (Net) Other Income [Net] Contribution (%) Liability Fee Income (Rs .Cr) TPP I
Slide 20: Opex evolution
Opex evolution Rs. Cr Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Employee expenses 402 425 418 460 474 Other expenses (net of digital expenses) 245 253 279 258 244 Depreciation 34 39 39 39 39 Total Operating expenses 681 717 736 757 757 No. of employees 23,233 24,238 25,409 25,865 27,145 Cost to Income 75.8
Slide 21: Advances
(eB) Equitas Equitas Small Finance Bank Advances
Slide 22: Advances evolution
Advances evolution Rs Cr Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 YoY % Mix % Micro Finance & Micro 5636 5370 4,527 3,537 3,392 -40% 9% Loans Small Business Loans (SBL) 14678 15564 16,383 16,767 17,188 17% 44% Housing Finance 4389 4565 4,769 4,868 5,066 15% 13% Vehicle Finance 8877 9262 9,456 9,510 9,801
Slide 23: Disbursements evolution
Disbursements evolution Rs Cr Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 YoY % Micro Finance & Micro Loans 949 1,145 355 266 682 -28% Small Business Loans (SBL) 1,591 1,713 1,684 1,245 1,636 3% Housing Finance 383 366 417 311 474 24% Vehicle Finance 1,485 1,512 1,321 1,221 1,506 1% Used CV 887 917 860 815 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 9,13,686 0.67 0.39 6.99% 100% Small Business Loans (SBL) 3,13,069 10.13 5.45 2.96% 25.55% Housing Finance 46,555 12.54 10.22 1.18% 27.91% Vehicle Finan
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 Opening GNPA Balance (A) 821.28 889.04 1022.82 1071.87 1067.73 1035.99 Net Slippages (B) 204.72 288.92 283.85 295.31 452.77 355.19 - Net Slippages MFI Book 77.97 124.12 199.49 172.44 229.63 178.10 - Net Slippages No
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% 67.71% 68.28% 66.83% 67.03%* 66.93% Unsecured 25% 100% 185 Doubtful-1 Secured 25% 79% Unsecured 100% 100% Doubtful-2 Secured 40% 100% 100 Unsecu
Slide 28: Liabilities & Branch Banking
Liabilities & Branch Banking 27
Slide 29: Deposits Evolution
Deposits Evolution CA SA CASA TD CASA+TD as on 30th Sep 2025 [Customer Deposits] [Current Account] [Savings Account] [Low cost deposits] [Term Deposits] Balance (Cr) 1766 11,856 13,622 30,472 44,094 as a % of total borrowings (Rs. 47,546 Cr) 4% 25% 29% 64% 93% as a % of total deposits (Rs. 44,094 Cr
Slide 30: Customer Deposit Profile
Customer Deposit Profile Elite Book (Rs. Cr) Savings Slab Wise (%) Deposit Category 18% 7% Upto 1 Lac OTHERS 8% 16,516 17,241 17,809 17,925 16,375 1 Lac to 1 Cr 7% 1 Cr to 3 Cr 3 Cr to 10 Cr TRUSTS 3% 8% 51% 10 Cr to 100 Cr 10% 100 Cr + GOVT./LOCAL Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 BODIES 10% Retai
Slide 31: Funding Profile
Funding Profile Book Value (In Rs Cr) Q4FY25 Q1FY26 Q2FY26 Funding Profile Mix TD 27,969 28,629 28,084 2% 3% 5% Certificate of Deposits 2,727 2,697 2,388 CASA 2% 27% TD* Refinance 1,637 1,521 2,452 Refinance Tier – II Bond 500 500 1,000 Tier-II Bond CASA 12,406 13,019 13,622 Securitisation/Assignmen
Slide 32: Treasury Update
Treasury Update The Bank’s total net Investment portfolio of Rs. 10,598 Crore comprises of SLR and Non-SLR securities Category ( In Rs. Cr) Q2FY26 SLR 9,419 Non SLR 1,179 Total 10,598 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) Sep-25 Sep-24 YoY % Jun-25 QoQ% Capital & Liabilities Capital 1,140 1,138 0% 1,140 0% Reserves & Surplus 4,718 4,809 -2% 4,709 0% Networth 5,858 5,947 -2% 5,849 0% Deposits 44,094 39,753 11% 44,345 -1% Borrowings 3,452 1,085 218% 2,021 71% Other Liabilities & Pro
Slide 35: Profit & Loss Account
Profit & Loss Account Particulars (in Rs Cr) Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% Interest Income from Loans 1,410 1,366 3% 1,434 -2% Income on Investments 163 170 -4% 161 1% Interest on balances with RBI and other inter bank funds 45 19 133% 54 -18% Total Interest Income 1,618 1,555 4% 1,649 -2% Finance
Slide 36: Profit & Loss Account
Profit & Loss Account Particulars (in Rs Cr) Q2FY26 Q2FY25 YoY% Q1FY26 QoQ% Net Income 998 1,031 -3% 1,072 -7% Employee Cost 474 402 18% 460 3% Opex 283 279 2% 297 -4% Total Operating Expenditure 757 681 11% 757 0% PBT before provision & Write-off 241 350 -31% 315 -24% Credit Cost 207 330 -37% 612 -
Slide 37: GNPA Movement
GNPA Movement 1,25 0 2.95% 2.97% 2.89% 2.82% 2.82% 3.5 0% 3.0 0% 1,05 0 2.5 0% 850 2.0 0% 650 0.97% 0.96% 0.98% 0.94% 0.95% 1.5 0% 1.0 0% 450 0.5 0% 0.0 0% 250 1,023 330 1,072 340 1,068 354 1,036 342 1,082 358 -0.50% 50 -1.00% Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 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%7.42% 9.00% 7.34% 8.44% 8.54% 8.36% 6.34% 2.00% 7.26% 7.51% 1.70% 1.89% 6.41% 6.05% 6.00% 1.10% 6.58% 5.71% 0.30% 5.52% 5.60% 6.38% FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 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. ~₹ 950 Crs* of Loans Disbursed *1 Lakh+ Registrations *2 Lakh+ Downloa
Slide 41: Loan Origination Customized for Informal Lending
Loan Origination Customized for Informal Lending WORKFLOW Lead LOGIN Channeling from Selfe • Customer onboarding via E-KYC Capability to App / Direct host 2500 Independence • Bureau score Generation concurrent between • Customer 360O & Loan 360O users; Scope Credit & Sales • RE/RC Checks to increase
Slide 42: 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 41
Slide 43: 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 44: Building the Equitas Brand
Building the Equitas Brand Money Saved is Money Suiinio sflenee CG Thousand Lights Qweegn Metro
Slide 45: A Stable, Sustainable & Scalable Bank
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 46: Our Presence
Our Presence Map not to scale . Districts present in | Branch network States Advances (%) Deposits (%) Andhra Pradesh 4% 3% Chandigarh - 2% Chhattisgarh % 2% 28 Punjab Himachal Pradesh 3 1 Chandigarh Uttarakhand 2 Delhi 1% 8% 30 Haryana Gujarat 4% 6% Delhi 18 Haryana 2% 4% 79 Rajasthan Himachal Prad
Slide 47: 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 43% of our entire advance practices. portfolio • Focusing
Slide 48: 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 49: 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 50: 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 51: Beyond Banking
Equitas Small Finance Bank Beyond Banking
Slide 52: CSR Initiatives
CSR Initiatives SKILL TRAINING Women Trained: Inception Year - 2008 Q2FY26 - 4251 CHILDREN SCHOLARSHIP FREE CATARACT SURGERIES Cumulative - 716798 Beneficiaries:- Beneficiaries:- Q2FY26 – 57 Q2FY26 – 180 Cumulative - 2786 Cumulative - 43017 DIFFERENTLY ABLED WOMEN EMPOWERMENT Financial help: Exhibit
Slide 53: Investor Relations
Investor Relations Equitas Small Finance Bank Limited Website – https://ir.equitasbank.com/ Email – ir@equitasbank.com 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu 52
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