Share Market News: Equitas Small Finance Bank Witnesses Strong Growth, Better Returns Expected

Share Market: Equitas Small Finance Bank is currently witnessing a strong growth record and continuously improving performance. The bank’s loan book has increased from FY22 to FY24 at a rate of 26%, with an estimated growth of 23%. The bank is shifting its portfolio from microfinance to more secure products, including segments like small business loans, vehicle finance, and housing finance. 

Equitas Small Finance Bank Revenue

Talking about the company’s financial performance, in FY24, the bank’s net interest income was Rs 30.8 billion. In FY25, it is expected to reach Rs 34 billion. By FY26, the bank’s return on asset (ROA), is 1.7% and return of equity (ROE) is 1.7%. Finance company Modilal Oswal has given a buy rating on Equitas Small Finance Bank, whose target price is Rs 100. This should be on your watch list for a 23% return.