Archive · 2 Jun 2025
Equitas Small Finance Bank Plans ₹1,250 Crore Fund Raise
Equitas Small Finance Bank's board has decided to try and raise a lot of money, up to ₹1,250 crore!
They plan to do this by asking certain investors to invest in the bank.
The bank made less profit in the last three months, but it earned more from the interest on loans.
The bank also improved the quality of its loans.
The plan still needs to be approved by the bank's owners and the government.
Equitas Small Finance Bank's board approved raising up to ₹1,250 crore via QIP.
The fund raise is subject to shareholder and regulatory approvals.
The bank's net profit declined to ₹42.1 crore in the fourth quarter.
Net interest income increased 5% to ₹829.5 crore in the March quarter.
The bank's GNPA ratio improved to 2.89%.
- Who
- Equitas Small Finance Bank
- What
- Board approved fund raise of up to ₹1,250 crore via QIP
- When
- Announced on Friday, May 30
- Where
- N/A
- Why
- To raise capital
- Fund Raise Amount
- ₹1,250 crore
- Approval
- Approved by board
- Q4 Net Profit
- ₹42.1 crore
- Net Interest Income
- ₹829.5 crore
- GNPA Ratio
- 2.89%