Equitas Small Finance Bank Ltd. · NSE:EQUITASBNK
Equitas Small Finance Bank — Q2 FY2027 Earnings Presentation
50 slides from Equitas Small Finance Bank's earnings presentation, Oct 29, 2026
Slide 1: Submission of Investors presentation to exchanges
October 29, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street Mumbai – 400 051 Mumbai – 400 001 Symbol : EQUITASBNK Scrip Code : 543243 , 976218, 976979 & 978223 Dear Sir Sub: Submission of Investors presentation Purs
Slide 2: Equitas Small Finance Bank Investor Presentation Q2FY27
Pou Quibas Equitas Small Finance Bank Investor Presentation Q2FY27 FROM RESILIENCE TO MOMENTUM
Slide 3: Disclaimer and Forward Looking Statements
The information in this document, including facts and figures, is being provided by Equitas Small Finance Bank Limited (the “Bank”) for informational purposes only and could be subject to change without notice. The information has also not been independently verified. No representation or warranty,
Slide 4: Agenda
1 Key Highlights 2 Financial Performance 3 Assets 4 Asset Quality 5 Liabilities 6 Financials 7 Other Updates 8 Beyond Banking
Slide 5: Key Highlights
equibas Equitas Small Fin. KEY HIGHLIGHTS
Slide 6: Operational, Asset, Liability and Financial Highlights
Operational Asset Offerings Liability Profile Financials Gross Advances: Rs. ^50,669 Cr [Rs. 39,123 Cr] Total Deposits: PAT for Q2FY27: 16 States and 2 UTs SBL - 39%, VF - 22%, MFI - Rs. 52,483 Cr [Rs. 44,094 Cr] Rs. 218 Cr [Rs. 24 Cr] 12%, HF - 13%, MSE - 5%, CASA – 26%, TD & CD – 74% NBFC - 4%, Go
Slide 7: Yield trends
24.68% 23.94% 22.60% 23.21% 22.48% 22.43% 16.06% 15.73% 15.44% 15.51% 15.74% 15.80% 15.28% 15.06% 14.97% 14.85% 14.89% 14.73% Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 MFI Mix on Avg Basis Overall Yield MFI Yield Non MFI Yield Particulars Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Overall Yield excl. D.A 15
Slide 8: NIM impacted by surplus liquidity
• NIM was impacted by surplus liquidity arising from FCNR deposit mobilization, refinance ΔA – Interest Income from Advances borrowings, securitization/DA ΔB – Impact due to surplus liquidity transactions, and Tier II NCD ΔC – Interest reversal$ issuance, along with a higher ΔD – Interest expense in
Slide 9: Guidance revision
1 2 MFI advances are 25%+ growth in overall expected to be maintained at advances for FY27, driven by around 10% of the overall growth Across products advances. With these positive levers in place, we expect to achieve an exit ROA of about 1.5% in Q4FY27. For FY27, we have revised our ROA guidance u
Slide 10: Dupont analysis
Particulars Q1FY27 Q2FY27 Variance Interest Income 12.56% 12.45% (0.11%) Interest Expense 5.96% 6.27% 0.31% NII 6.60% 6.18% (0.42%) Other Income 1.60% 1.73% 0.13% Net Income 8.20% 7.91% (0.29%) Opex 5.61% 5.49% (0.12%) PPOP 2.59% 2.42% (0.16%) Credit Cost 1.03% 0.69% (0.34%) PBT 1.56% 1.73% 0.17% PA
Slide 11: Assets
Assets • Overall Disbursements at Rs. 7,450 Crore in Q2FY27, a growth of 38% YoY & 10% QoQ • Non MFI Disbursements at Rs. 6,161 Crore in Q2FY27, a growth of 31% YoY & 13% QoQ • Gross advances grew 30% YoY and 6% QoQ, supported by consistent disbursements across business verticals, crossing the ₹50,0
Slide 12: Liabilities
Liabilities • Overall deposits grew by 19% YoY & 7% QoQ, crossing the ₹50,000 crore milestone in Q2FY27. • Cost of Funds increased by 7 bps to 7.12% in Q2FY27 • CASA ratio stands at 26%. • Total Retail Deposits (Retail TD+CASA) forms 68% of the overall deposits. About 92% of bulk TD is in the non- c
Slide 13: El Nino/Monsoon Update and Other Updates
El Nino/Monsoon Update • MH & KA: The Bank’s MFI exposure to drought-affected geographies in these states is ~2.9% of overall advances, while collection efficiency continues to remain stable. The portfolio is being closely monitored • TN: Northeast Monsoon trends are evolving more favorably than ear
Slide 14: Asset Quality, Provisioning and Profit & Loss
Asset Quality & Provisioning • GNPA reduced by 13 bps QoQ at 2.29% in Q2FY27 as compared to 2.42% in Q1FY27 • NNPA reduced by 1 bps QoQ to 0.70% in Q2FY27 as compared to 0.71% in Q1FY27 • PCR remains stable at 70.08% (86.73% Incl. technical write-offs) • Net Slippages reduced by 4 bps QoQ at 1.39% i
Slide 15: Financial Performance
equibas Equitas Small Fin. FINANCIAL PERFORMANCE
Slide 16: Cost of funds, NIM, RoA, credit cost and RoE trends
Daily Avg Cost of Funds Daily Average NIM Cost to Assets RoA 7.35% 1.46% 7.13% 7.12% 1.31% 6.94% 7.05% 7.36% 7.24% 1.18% 5.96% 5.75% 5.54% 5.61% 5.49% 6.75% 6.69% 0.65% 6.34% 0.18% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26
Slide 17: Net Income Evolution and Fee Income
Net Income Evolution (Rs. Crore) PPoP / Assets (%) 980 1,030 1,026 852 774 2.77% 2.59% 2.43% 2.21% ^ 1.76% 285 259 250 288 224 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 NII Other Income (Net) Other Income [Net] Contribution (%) Liability Fee Income (Rs. Crore) TPP Income
Slide 18: Cost to Income
Rs. Crore Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Employee expenses 474 516 514 549 546 Other expenses (net of digital expenses) 244 270 277 282 318 Depreciation 39 43 46 44 47 Total Operating expenses 757 829 837 875 911 No. of employees 27,145 28,451 28,058 27,720 28,527 Cost to Income 75.89% 72.96% 70
Slide 19: Assets
equic: = Equitas Small Finance Bank ASSETS (GOLD LoaN
Slide 20: Gross Advances by Product
Rs Crore Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 YoY % Mix % Micro Finance & Micro Loans 3,392 ^5,159 ^5,756 ^6,018 ^6,331 87% 12% Small Business Loans (SBL) 17,188 17,756 18,559 19,249 19,966 16% 39% Housing Finance 5,066 5,360 5,782 6,044 6,422 27% 13% Vehicle Finance 9,801 10,118 10,627 10,947 11,330
Slide 21: Disbursements by Product
Rs Crore Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 YoY % Micro Finance & Micro Loans 682 1,173 1512 1,343 1,289 89% Small Business Loans (SBL) 1,636 1,698 2032 1,883 2,110 29% Housing Finance 474 556 697 550 678 43% Vehicle Finance 1506 1,569 1779 1,583 1,768 17% - Used CV 1072 1,071 1226 1,019 1,161 8% -
Slide 22: Product Segment Metrics and Mix
Number of Live ATS @ ATS @ Product Segment GNPA (%) PCR (%) Loans Disbursement (Lacs) Portfolio (Lacs) Micro Finance & Micro Loans$ 11,65,455 0.74 0.49 3.59% 91.26% Small Business Loans (SBL) 3,11,606 12.69 6.27 2.55% 38.77% Housing Finance 55,135 14.34 10.05 1.04% 34.81% Vehicle Finance 3,07,618 6.
Slide 23: Asset Quality
equibas Equitas Small Fin. ASSET QUALITY
Slide 24: Microfinance GNPA Movement and Net Slippages
MICROFINANCE* GNPA Movement (Rs. Crore) Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 MF Loan Mix 1-90 DPD 12% 12% 13% 12% Opening GNPA Balance (A) 1035.99 1081.87 1116.09 1134.89 1100.39 9% Net Slippages (B) 355.19 246.54 85.11 165.16 165.65 1.48% 5.40% 1.34% 1.27% - Net Slippages MFI Book 178.11 102.41 47.40
Slide 25: PCR Movement
PCR MOVEMENT Asset Provisioning Provisioning Nature Classification as per IRAC as per Equitas 73.03% 71.02% Sub-standard Secured 15% 26% 70.08% 66.93% 67.10% Unsecured 25% 92% Doubtful-1 Secured 25% 80% Unsecured 100% 99% Doubtful-2 Secured 40% 100% Unsecured 100% 100% Doubtful – 3 Secured 100% 100%
Slide 26: Liabilities
equibas Equitas Small Finance Bank LIABILITIES
Slide 27: Customer Deposits and Evolution
CA CASA ^TD CASA+TD SA as on September 30, 2026 [Customer Deposits] [Current Account] [Savings Account] [Low cost deposits] [Term Deposits] Balance (Rs. Crore) 2031 11,449 13,480 39,003 52,483 as a % of total borrowings (Rs. 59,369 Crore) 3% 19% 23% 66% 88% as a % of total deposits (Rs. 52,483 Crore
Slide 28: Elite Book, Retail and Bulk TD Mix
Elite Book (Rs. Crore) Savings Slab Wise (%) Deposit Category 13% 8% OTHERS 9% Upto 1 Lac 20,459 17,925 17,220 17,518 18,475 9% 1 Lac to 1 Cr 1 Cr to 3 Cr 7% 3 Cr to 10 Cr TRUSTS 2% 10% 53% 10 Cr to 100 Cr 100 Cr + GOVT./LOCAL Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 BODIES 10% Retail & Bulk ^TD Mix Term
Slide 29: Funding Profile and Cost of Funds
Book Value (In Rs Crore) Q4FY26 Q1FY27 Q2FY27 Funding Profile Mix TD 32,046 33,670 36,627 3% 2% CASA 9% Certificate of Deposits 2,289 2,999 2,376 2% TD* 22% Refinance 4,773 5,722 5,386 Refinance Tier – II Bond 1,000 1,000 1,500 Tier-II Bond CASA 12,198 12,307 13,480 Securitization/Assignment 585 981
Slide 30: Investment Portfolio, Borrowings and Liquidity
The Bank’s total net Investment portfolio of Rs. 12,247 Crore comprises of SLR and Non-SLR securities Category ( In Rs. Crore) Q2FY27 SLR 11,090 Non SLR 1,157 Total 12,247 Borrowings & Liquidity • The Bank’s Certificate of Deposits (CD) programme has highest rating at A1+ from India Ratings, CareEdg
Slide 31: Financials
equibas Equitas Small Fin. FINANCIALS
Slide 32: Balance Sheet
Particulars (in Rs Crore) Sep-26 Sep-25 YoY % Jun-26 QoQ% Capital & Liabilities Capital 1,144 1,141 0% 1,144 0% Reserves & Surplus 5,409 4,718 15% 5,223 4% Networth 6,553 5,858 12% 6,367 3% Deposits 52,483 44,094 19% 48,976 7% Borrowings 6,886 3,452 99% 6,722 2% Other Liabilities & Provision 2,525 2
Slide 33: Income Statement: Interest and Other Income
Particulars (in Rs Crore) Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% Interest Income from Loans 1,818 1,410 29% 1,755 4% Income on Investments 180 163 11% 175 3% Interest on balances with RBI and other inter bank funds 68 44 55% 30 126% Total Interest Income 2,066 1,617 28% 1,960 5% Finance Cost Interest on dep
Slide 34: Profit and Loss Summary
Particulars (in Rs Crore) Q2FY27 Q2FY26 YoY% Q1FY27 QoQ% Net Income 1,313 997 32% 1,280 3% Employee Cost 546 474 15% 549 0% Opex 365 283 29% 326 12% Total Operating Expenditure 911 757 20% 875 4% PBT before provision & Write-off 402 240 67% 405 -1% Credit Cost 115 207 -44% 161 -28% PBT 287 33 757% 2
Slide 35: GNPA Movement
1,25 0 2.92% 2.75% 2.60% 3.5 0% 1,05 0 2.42% 2.29% 3.0 0% 2.5 0% 850 2.0 0% 0.98% 0.92% 0.71% 1.5 0% 650 0.72% 0.70% 1.0 0% 450 0.5 0% 0.0 0% 250 1,082 358 1,116 367 1,135 306 1,100 319 1,086 325 -0.50% 50 -1.00% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 GNPA (Rs. Cr) NNPA (Rs. Cr) GNPA % NNPA % GNPA Movem
Slide 36: Annual Trends FY22 to H1FY27
Cost of Funds Net Interest Margin (NIM) Cost to Assets RoA 6.34% 8.54% 9.00%8.36% 7.50% 7.22% 7.26% 7.51% 6.00% 6.05% 1.89% 2.00% 7.09% 6.69% 6.91% 5.71% 5.71% 1.25% 6.58% 5.54% 1.10% 6.38% 0.30% 0.19% FY22 FY23 FY24 FY25 FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY27 FY22 FY23 FY24 FY25 FY26 H1FY27 FY
Slide 37: Technology & Digital Strategy
equibas Equitas Small Fin. TECHNOLOGY & DIGITAL STRATEGY
Slide 38: Digital strategy pillars
Drives stronger customer loyalty and retention by providing superior ENHANCE CUSTOMER EXPERIENCE personalized banking experience enabling seamless self-service journeys DELIVERING MARKET-LEADING DIGITAL PLATFORMS Completely integrated digital apps with very high digital quotients across customer on-
Slide 39: AI and automation use cases
Branch-Induced Payments: Agent validates payment instructions, detects anomalies, suggests routing, prepares maker- checker evidence and updates payment status. Cheque Clearing: Automated end-to-end process with OCR/ICR extraction, field validation, signature-anomaly detection, rule- based decisions
Slide 40: Other Updates
OTHER UPDATES a ee
Slide 41: Journey and milestones
2007 2011 2013 Launched Launched Launched Microfinance Vehicle Finance Small Business Loans 2020 2018 2016 Completed the Launched Commenced operations IPO & Successful MSE Finance as SFB post receipt of listing of Equitas SFB final approval from RBI 2021 2025 2026 Launched Affordable Launched Launch
Slide 42: Geographic and branch network
Map not to scale Districts present in | Branch network States Advances (%) Deposits (%) Andhra Pradesh 4.09% 1.74% Chandigarh 0.01% 2.09% 29 Punjab Himachal Pradesh 3 Chhattisgarh 0.80% 1.49% 1 Chandigarh Uttarakhand 2 Delhi 1.12% 8.61% 30 Haryana Delhi 20 Gujarat 4.30% 5.36% 79 Rajasthan Uttar Prad
Slide 43: Asset product offerings
Small Business Loans Vehicle Finance Housing Finance Microfinance ● Small business & Salaried ● Self employed for CVs ● Self employed & Salaried ● Women self help group ● Gross Advances: 19,888 Crs ● Self employed & Salaried for ● Gross Advances : 6,422 (JLG);Proportion of JLG: 99% ● Avg. Yield: 15-
Slide 44: Liability products and channels
The Bank through its liability products serves a wide range of mass and mass affluent clientele via physical and digital channels… Current / Mutual Physical Channels Savings A/C Funds ● Banking Outlets ● Relationship Managers ● Acquisition Channel ● ATMs Term Deposit Insurance (FD/RD) Digital Channe
Slide 45: Elite family banking programs
Equitas has expanded its ELITE program into Elite Lite, Elite, and ARTHA to strengthen family banking. ● Exclusive propositions for HNI families ● Enables multi-member, multi-product relationships ELITE ARTHA is Equitas Equitas’ exclusive family premium family banking banking program offering propos
Slide 46: Digital banking app features
Selfe SA/FD: Fully digital NTB onboarding for Savings Accounts and Fixed Deposits Get in Touch: Direct in-app connectivity with assigned Relationship Managers Next Generation Cloud Native, future ready platform with: Bharat Connect: Easy bill payments across verticals including auto pay setup Comple
Slide 47: 3C x ESG Framework
At Equitas, 3C x ESG Framework that translates our Environmental, Social, and Governance (ESG) priorities into tangible actions across three key constituencies: DEVELOPMENT COMMUNITY Customers, Community, and Company Independent Board Directors INCLUSION OPERATIONS We conducted a structured material
Slide 48: Beyond Banking
BEYOND BANKING a ee
Slide 49: Community initiatives and beneficiaries
CHILDREN PAVEMENT DWELLERS WOMEN SCHOLARSHIP REHABILITATION EMPOWERMENT Beneficiaries:- Beneficiaries: Exhibitions Conducted: Q2FY27 – 5 Q2FY27 – 31 Q2FY27 - 26 Cumulative - 2957 Cumulative - 6578 Cumulative - 381 FREE CATARACT DIFFERENTLY ABLED SKILL TRAINING SURGERIES Financial help: Women Trained
Slide 50: Investor Relations
Investor Relations Equitas Small Finance Bank Limited Resgistered Office: 4th Floor, Phase II, Spencer Plaza, No. 769, Mount Road, Anna Salai, Chennai 600 002, Tamil Nadu Website - https://ir.equitas.bank.in/ Email - [email protected]
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