What we do Equitas Small Finance Bank Limited offers retail banking focused on microfinance, vehicle finance, home loans, and small business loans, serving underserved individuals and small enterprises. |
Founded in 1,993 |
Market share One of India's largest small finance banks with pan-India presence and growing market share in microfinance, vehicle, and small business loans. |
Problem solved Provides accessible financial services to underserved and unbanked customers, enabling micro and small enterprises and individuals to access formal credit. |
Top clients or who we serve Serves micro entrepreneurs, women borrowers in microfinance, small businesses, vehicle owners, and retail deposit customers; primarily B2C with some B2B clients. |
Key management MD & CEO: Vasudevan P N; Executive Director: Balaji Nuthalapadi; CFO: Sridharan N; notable leadership with strong banking experience. |
Our journey and innovations Started as NBFC MFI in 2007, converted to SFB in 2016, expanded via amalgamation, launched digital banking, new loan products, and diversified into non-credit offerings. |
Where we operate Operates in 18 states and union territories across India with over 1050 banking outlets and 390 ATMs. |
Top products or what we offer Microfinance loans, Small Business Loans, Vehicle Finance (new and used), Housing Finance, MSE loans, NBFC financing, deposit accounts, and digital banking services. |
Top brands Flagship Small Business Loans (over 40% portfolio), Vehicle Finance, Microfinance, Housing Loans; fastest growing segments in secured retail lending. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is recurring from interest income on loans and deposit mobilization, with ongoing service fees from banking products. |
Our industry position Strong position among small finance banks; growing advances and deposits with improving asset quality and capital adequacy. |
Financial highlights FY25 revenue approx. Rs. 6311.73 Cr; net profit Rs. 147.05 Cr; CRAR around 20.60%; advances grew 16% YoY; deposits grew 7% YoY. |
Geographical revenue split Revenue primarily from India covering southern and western states with expanding footprint in other regions. |
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Whats driving growth Growth driven by expansion of secured loans, microfinance recovery, new product launches like credit cards and personal loans, and increasing branch network. |
Our future plans Plans include further geographic expansion, new loan products including car loans, enhancing digital platforms, and increasing retail customer base. |
Our green promise Committed to ESG practices via CSR initiatives focusing on education, healthcare, and livelihood enhancement for underserved communities. |
Our people and values Employs over 28,000 with strong focus on customer-centric culture, inclusive hiring, and employee skill development. |
Key challenges ahead Challenges include asset quality management amid loan portfolio growth, regulatory compliance, and competition from larger banks and fintech. |
Interesting facts Achieved over Rs. 500 Cr mutual fund AUM; microfinance portfolio aligned with government guarantee schemes; robust mobile banking adoption. |
Risks and strategy Mitigates credit risk through conservative lending, provision coverage, diversified portfolio, and focuses on digital transformation and branch expansion. |
