Total other income surged to Rs 215 crore in Q4 FY23 from Rs 105 crore in Q4 FY22. Other income includes Rs 70 crore income received from sale to ARC during the quarter.

The bank's net interest margin (NIM) remained stable at 9.10% in the fourth quarter. Cost to income ratio improved to 58.09% in Q4 FY23 as compared 56.85% in Q4FY22.

Total operating expenditure aggregated to Rs 536 crore in Q4 FY23, up 43% YoY.

PBT before provision & write-off rose by 36% to Rs 386 crore in Q4 FY23 from Rs 284 crore in Q4 FY22.

Credit cost declined by 31% YoY to Rs 85 crore during the period under review. Provision for Security Receipts (SR) was Rs 40 crore.

The bank's annualized gross slippages were at 3.06% for Q4 FY23 as compared to 5.03% in Q3 FY23 and 8.30% in Q4 FY22.

GNPA improved to 2.60% in Q4 FY23 as compared to 3.46% in Q3 FY23 and 4.06% in Q4 FY22. NNPA was at 1.14% in Q4 FY23 as compared to 1.73% in Q3 FY23 and 2.37% in Q4 FY22 .

The bank has made additional provisions of Rs 90 crore during the quarte. Consequently, PCR improved to 56.90% in Q4 FY23 from 50.84% in Q3 FY23 and 42.73% in Q4 FY22 Profit before tax in Q4 FY23 stood at Rs 261 crore, up by 62% from Rs 161 crore in Q4 FY22.

Equitas SFB's disbursements in Q4 FY23 were at Rs 5,917 crore, registering a growth of 80% YoY. The bank recorded strong disbursement across all product segments and newer products like housing finance, used car and merchant OD continued to scale-up. Advances as of Q4 FY23 was at Rs 27,861 crore, growth of 35% YoY.

The bank's total deposits grew 34% YoY in Q4 FY23 to Rs. 25,381 crore. CASA deposit grew 9% YoY to Rs. 10,732 crore and CASA ratio stood at 42%. Term deposits grew by 61% YoY to Rs 14,649 crore, with retail term deposits aggregating to Rs 8,883 crore (up 25% YoY).

The bank has recorded 104% rise in net profit to Rs 574 crore on a 25% increase in net interest income to Rs 557 crore in FY23 as compared with FY22.

The bank's networth has crossed the Rs 5,100 crore mark. As of 31 March 2023, total CRAR was at 23.80%, Tier I was at 23.08% and Tier II was at 0.72%.

The board of the bank has recommended maiden dividend of Rs 1 per equity share for FY23.

Equitas Small Finance Bank is one of the largest small finance banks in India. The bank offers a bouquet of products and services tailored to meet the needs of our customers – individuals with limited access to formal financing channels, as well as affluent and mass affluent, small & medium enterprises (SMEs) and corporates.