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SFP RESEARCH

12th Jan · SEBI-Registered Analyst

Equitas Small Finance Bank Ltd.

EQUITASBNK
SFB focuses on small‑ticket loans to micro, small enterprises, used CV, and affordable housing. ​ It is gradually shifting mix toward secured and higher‑ticket products while building CASA. ​ Strong NIMs and improving cost‑to‑income ratio drive profitability. ​ Risks are legacy unsecured exposure, competition in retail deposits, and regulatory constraints on SFBs. ​

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