Equitas Small Finance Bank trades higher on reporting 36% rise in total deposits during Q1FY24
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Equitas Small Finance Bank is currently trading at Rs. 93.70, up by 0.44 points or 0.47% from its previous closing of Rs. 93.26 on the BSE.
The scrip opened at Rs. 93.26 and has touched a high and low of Rs. 93.77 and Rs. 92.10 respectively. So far 42233 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 94.89 on 06-Jul-2023 and a 52 week low of Rs. 38.75 on 07-Jul-2022.
Last one week high and low of the scrip stood at Rs. 94.89 and Rs. 89.75 respectively. The current market cap of the company is Rs. 10347.49 crore.
The Institutions holding in the company stood at 65.66%, while Non-Institutions held 34.34% in the company.
Equitas Small Finance Bank has reported 36% rise in total deposits to Rs 27,709 crore (Provisional) as of June 30, 2023 (Q1FY24) as compared to Rs 20,386 crore as of June 30, 2022 and on quarter-on-quarter (QoQ) basis stood at Rs 25,381 crore as of March 2023. Its gross advances were up by 36% to Rs 29,603 crore (Provisional) in Q1FY24 as against Rs 21,688 crore as of June 30, 2022.
Its CASA grew marginally to Rs 10,642 crore as of June 30, 2023, as compared to Rs 10,548 crore on a yearly basis and on a quarterly basis stood at Rs 10,732 crore as of March 2023. CASA Ratio stood at 38% as of June 30, 2023 as compared to 42% as of March 31, 2023.
Equitas Small Finance Bank offers personalised services and helps finds the right product to suit individual banking requirements for their savings.
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