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Equitas Small Finance Bank Ltd Performance

Today's Low
96.05
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Today's High
98.95
52 Wk Low
68.15
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52 Wk High
116.50


Open

97

Traded Value (Cr)

15.64 Cr

Prev. Close

98.85

VWAP

97.7

Volume

18,10,695

Face Value

10

Equitas Small Finance Bank Ltd Financials

Equitas Small Finance Bank Ltd Financials

Equitas Small Finance Bank Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Mutual Funds 38.16 % 38.69 % 36.26 % 37.05 %
Retail 27.69 % 26.92 % 28.75 % 26.46 %
FII 19.50 % 19.60 % 18.16 % 21.45 %
Others 14.66 % 14.79 % 16.83 % 15.03 %
Promoters 0.00 % 0.00 % 0.00 % 0.00 %

Mutual Funds

38.16%

Retail

27.69%

FII

19.50%

Others

14.66%

Promoters

0.00%

Mutual Funds

38.69%

Retail

26.92%

FII

19.60%

Others

14.79%

Promoters

0.00%

Mutual Funds

36.26%

Retail

28.75%

FII

18.16%

Others

16.83%

Promoters

0.00%

Mutual Funds

37.05%

Retail

26.46%

FII

21.45%

Others

15.03%

Promoters

0.00%

Resistance and Support

₹92.87

PIVOT

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Resistance
First Resistance₹93.933
Second Resistance₹95.067
Third Resistance₹96.133
support-arrow
Support
First Resistance₹91.733
Second Resistance₹90.667
Third Resistance₹89.533
RSI66.433
MACD3.414
ADX18.026
CCI28.943

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,810,695810,51550.60
Week2,256,6371,318,72963.50
1 Month3,845,9182,279,63260.45
6 Months1,810,695885,33548.89

About Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Limited was incorporated on June 21st, 1993 as V.A.P. Finance Private Limited and later renamed as Equitas Finance Private Limited in August, 2011. In 2011, Equitas Holdings Limited acquired the Company. The Company's name was subsequently changed to Equitas Finance Limited in September 2015 consequent to it becoming a Public Limited Company. Equitas Bank is one of the largest small finance banks in India. As a new-age bank in one of the fastest growing economies, it offers a bouquet of products and services to meet the needs of its customers - individuals with limited access to formal financing channels, Micro, Small & Medium Enterprises (MSMEs) and corporates. The Bank's firmly entrenched strategy focuses on providing credit to the unbanked and underbanked micro and small entrepreneurs, developing products to address growing aspirations at the bottom of the pyramid', fueled by granular deposits and value for money' banking relationships. The Bank's asset products are suited to a range of customers with varying profiles, which include provision of Small Business Loans (SBLs) comprising loan against property, housing loans, and agriculture loans to micro entrepreneurs, microfinance to joint liability groups predominantly comprising women, used and new commercial vehicle loans to drivers and micro entrepreneurs, MSE loans to proprietorship, and loans to non-banking financial companies (NBFCs). On the liability side, the Bank's target customers comprise mass and mass-affluent individuals to whom it offers current accounts, salary accounts, savings accounts, and a variety of deposit accounts. In addition, the Bank provides noncredit offerings comprising ATM-cum-debit cards, third party insurance, mutual fund products, and issuance of FASTag. Pursuant to a Scheme of Amalgamation approved by the Hon'ble High Court of Judicature at Madras, and upon fulfillment of all conditions specified under the said Scheme, Equitas Micro Finance Limited and Equitas Housing Finance Limited amalgamated with the Company, and the Company was renamed Equitas Small Finance Bank Limited (ESFBL). Consequent to the above amalgamation the microfinance and housing finance businesses of the erstwhile EMFL and EHFL were transferred to the Company effective September 2, 2016. ESFBL commenced its banking operations after the receipt of final banking license from the Reserve Bank of India on September 5, 2016. The Bank is engaged in retail banking business with focus on micro-finance, commercial vehicle finance, home finance, loan against-property finance,corporate finance, and providing financing solutions for individuals and micro and small enterprises (MSEs) that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all. Banking Outlet comprises branches primarily focusing on garnering and servicing depositors and outlets that conducts lending operations for underbanked and unbanked. The Bank deployed 322 ATMs and cash recyclers at their banking outlets to save valuable time making the same as a pleasant experience. At present, the Bank operates from more than 853 locations across 15 States/Union Territories (including National Capital Territory) of the country. The Board of Directors of ESFBL and EHL in their respective Meetings held on January 31, 2019 and February 1, 2019 approved a Scheme of Arrangement between EHL, ESFBL and the respective shareholders contemplating issue and allotment by ESFBL of 89,20,62,982 fully paid-up equity shares for no cash consideration to the shareholders of EHL as of the Record Date set out in the Scheme and consequent reduction by ESFBL of Securities Premium Account, the revenue and other reserves and the surplus in Profit and Loss Account by an amount equal to the face value of the shares of ESFBL issued under the Scheme. The Bank in its Meeting held on December 6, 2019 approved issue of 4,74,58,239 Equity Shares of Rs 10 each at a price of Rs 52.68 per equity share (including a premium of Rs 42.68 per equity share) aggregating to Rs 250 crores, by private placement to IIFL AIF through its various funds for a stake of 4.51% in post-issue paid-up share capital of Bank. In the Board Meeting of the Bank held on 23 March 2020, following approvals were accorded, to make loans upto Rs 18000 Crore in ordinary course of business for Financial Year 2020-21; that subject to approval of shareholders, to borrow money upto an aggregate sum of Rs 27000 crore outstanding at any point of time and issue Certificate of Deposits (CoDs) in more than one tranches upto an amount not exceeding Rs 3,000 Crore. During FY 2020, transactions carried out through retail internet banking amounted to Rs. 3,802 crores. During the second half of 2020, the Bank raised Rs. 28,000 lakh through an Initial Public Offer (IPO) and got the equity shares on BSE Limited and National Stock Exchange of India Limited listed effective from November 2, 2020. The Board of Directors of Equitas Small Finance Bank Limited (ESFBL) and Equitas Holdings Limited (EHL) at their respective Meetings held on July 26, 2021 approved a Scheme of Amalgamation between EHL, ESFBL and their respective shareholders, contemplating amalgamation of EHL with ESFBL, which was designed to achieve the RBI licensing requirement of dilution of Promoter Shareholding in the Bank and Minimum Public Shareholding (MPS) requirements prescribed by SEBI Regulations. Subsequently, ESFBL achieved the MPS through a Qualified Institutions Placement (QIP) of its shares, in February 2022, after obtaining the necessary approvals which comprised issue of 10,26,31,087 equity shares of Rs. 10/ each at premium of Rs. 43.59 per share, aggregating to a fund raise of Rs. 550 crore utilised 100% for augmenting Tier 1 capital of the Bank during the year. As a result of this QIP, the Public Shareholding in the Bank increased from 18.70% to 25.37%, thereby complying with Minimum Public Shareholding (MPS) requirements prescribed by the SEBI Regulations. As a result, the Scheme was made effective from February 02, 2023. Pursuant to the effect of the scheme, 78,95,35,166 fully paid equity shares of Rs 10/- each were allotted to the eligible Equity shareholders of EHL as on the Record date i.e., February 03,2023 as per the share exchange ratio envisaged in the approved scheme i.e.,231 equity shares of Rs 10 each of ESFBL in respect of every 100 equity shares of Rs 10 each fully paid up held by them in EHL as consideration for transfer and vesting of undertaking of EHL in ESFBL in terms of the Scheme.

Managing Director

PATHANGI NARASIMHAN VASUDEVAN

Founded

1993

NSE Symbol

EQUITASBNK

Equitas Small Finance Bank Ltd Management

NameDesignation
Arun RamanathanChairman & Independent Directo
ARUN KUMAR VERMAIndependent Non Exe. Director
NARAYANASWAMY BALAKRISHNANIndependent Non Exe. Director
Geeta Dutta GoelIndependent Non Exe. Director
Navin PuriIndependent Non Exe. Director
S A Ramesh RanganIndependent Non Exe. Director
Samir Kumar BaruaIndependent Non Exe. Director
Narasimhan SrinivasanIndependent Non Exe. Director
VINOD KUMAR SHARMAIndependent Non Exe. Director
PATHANGI NARASIMHAN VASUDEVANManaging Director & CEO
Rohit PhadkeWTD & Executive Director
Murali VaidyanathanWTD & Executive Director
RamanathanCompany Sec. & Compli. Officer

Equitas Small Finance Bank Ltd News

Equitas Small Finance Bank schedules board meeting
On 24 April 2024
Equitas Small Finance Bank receives RBI nod for appointment of Part-time Chairman
Equitas SFB gains after total deposits jumps 43% YoY in Q4
Equitas Small Finance Bank (SFB) rose 1.07% to Rs 98 after the bank’s total deposits surged 43% to Rs 36,129 crore in Q4 FY24 as against Rs 25,349 crore recorded in Q4 FY23.
Board of Equitas Small Finance Bank appoints director
At meeting held on 28 March 2024
Equitas Small Finance Bank receives credit ratings from India Ratings
Equitas Small Finance Bank standalone net profit rises 18.73% in the December 2023 quarter
Total Operating Income rise 34.36% to Rs 1428.80 crore
Equitas Small Finance Bank allots 8.29 lakh equity shares under ESOP
Equitas SFB hits life-time high as deposits climb 39% YoY in Q3
Equitas Small Finance Bank (SFB) rose 1.57% to Rs 113.25 after the bank’s total deposits jumped 39% to Rs 32,385 crore in Q3 FY24 as compared with Rs 23,362 crore in Q3 FY23.
Equitas Small Finance Bank allots 29.06 lakh equity shares under ESOP
Equitas SFB rises as Q2 PAT soars 70% YoY to Rs 198 cr
Equitas Small Finance Bank (Equitas SFB) gained 1.38% to Rs 100.15 after the bank's net profit jumped 70.2% to Rs 198.14 crore in Q2 FY24 as against Rs 116.42 crore recorded in Q2 FY23.

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Equitas Small Finance Bank Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Equitas Small Finance Bank Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Equitas Small Finance Bank Ltd's share price is ₹97.65 as of April 19, 2024

The 52-week high/low price of a Equitas Small Finance Bank Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Equitas Small Finance Bank Ltd's 52-week high and low as of April 19, 2024 are ₹98.95 and ₹96.05 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Equitas Small Finance Bank Ltd stands at 0.00%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 19.60% to 19.50%.