Net profit of Equitas Small Finance Bank declined 93.50% to Rs 12.88 crore in the quarter ended September 2024 as against Rs 198.14 crore during the previous quarter ended September 2023. Total Operating Income rose 14.41% to Rs 1554.87 crore in the quarter ended September 2024 as against Rs 1358.99 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income1554.871358.99 14 OPM %34.3249.97 - PBDT20.06267.00 -92 PBT20.06267.00 -92 NP12.88198.14 -93 Powered by Capital Market - Live News

The Board of Equitas Small Finance Bank at its meeting held on 08 November 2024 has approved the issuance of upto 50,000 Rated, Listed, Unsecured, Subordinated, Redeemable, Non-Convertible Debentures having a face value of Rs.1,00,000/- each, of the aggregate nominal value of up to Rs.500 crore including a green shoe option of up to 25,000 Rated, Listed, Unsecured, Redeemable, Fully Paid-Up, Subordinated Non-Convertible Debentures having a face value of Rs. 1,00,000  aggregating up to Rs. 250 crore, in a single series, for inclusion as Tier II Capital. Powered by Capital Market - Live News

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live News

Equitas Small Finance Bank has received revision in credit ratings from India Rating and Research as under:Issuer rating - IND AA-/ Stable (affirmed)Tier II bonds (Proposed) - IND AA-/ Stable (assigned)Certificate of deposits - IND A1+ (affirmed) Powered by Capital Market - Live News

Equitas Small Finance Bank has allotted 12,16,024 equity shares under ESOP on 12 August 2024. The paid-up share capital of the Bank accordingly increases from Rs.11,36,64,72,390/- to Rs.11,37,86,32,630/-Powered by Capital Market - Live News