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Rxbrli:pureiso4217:INRxbrli:shares543243EQUITASBNKNAINE063P01018EQUITAS SMALL FINANCE BANK LIMITEDEquity2024-04-012025-03-312025-04-302025-04-11INRLakhsQuarterlyFourth quarterMulti segment2025-04-3011:00:002025-04-3014:15:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueYesYestruetruetrue2024-03-28https://ir.equitasbank.com/wp-content/uploads/2024/04/Policy-on-materiality-of-related-party-transactions.pdffalsefalseNot Applicable2025-01-012025-03-31AuditedStandalone1447686000015942590003685860000164397050002254452000186941570008145452000418430200032514140007435716000155811680003112989000258010800005328810001118040004210770000421077000421077000113986240001000.178400.370.370.370.371067729900035419520000.02890.00980.0008Notes <BR> 5 The above Audited financial results (along with the notes given below) hereafter referred as " Statement” of Equitas Small Finance Bank Limited (“Bank” or “ESFBL”) for the quarter and year ended March 31, 2025 were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on April 29, 2025 and April 30, 2025 respectively and have been subjected to an Audit by the statutory auditors of the Bank (M/s ASA & Associates LLP, Chartered Accountants and M/s Suri & Co, Chartered Accountants). The report thereon is unmodified. <BR> 6 The above financial results of the Bank have been prepared in accordance with the recognition and measurement principles laid down in the applicable Accounting Standards prescribed under section 133 of the Companies Act, 2013 ("the Act") read with Companies (Accounting Standards Rules, 2021), as amended, to the extent applicable, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India (RBI) from time to time (the "RBI Guidelines") and other accounting principles generally accepted in India. <BR> 7 "The Bank has implemented the revised RBI norms for the classification, valuation and operation of investment portfolio, which became applicable from April 01, 2024. In accordance with the revised RBI norms and the Bank's Board approved policy, the Bank has classified its investment portfolio as on April 01, 2024 under the categories of held to maturity (HTM), available for sale (AFS) and fair value through profit and loss (FVTPL) with held for trading (HFT) as a sub- category of FVTPL, and from that date, measures and values the investment portfolio under the revised framework. <BR> <BR> Consequently, the Bank has accounted net transition valuation gain of ` 266.49 Lakh (net of tax) in Revenue Reserve, resulting into net positive impact on networth of the Bank on transition. The Bank has also transferred balance in Investment Reserve amounting to ` 407.94 Lakh on the date of the transition to Revenue Reserve in compliance with these directions. <BR> <BR> Further, in compliance with the said RBI norms, the valuation gains and losses at the year ended March 31, 2025, across all performing investments held under AFS are aggregated and the net appreciation amounting to ` 2,070.03 Lakh (net of tax) has been directly recognised in AFS Reserve. The securities held in Fair Value Through Profit and Loss ('FVTPL') are valued as prescribed for the period ended March 31, 2025 and the net gain/ (loss) of (` 43.76 Lakh) and (` 314.03 Lakh) for the quarter and year ended March 31, 2025 respectively, arising on such valuation has been recognised in the Profit and Loss Account. Accordingly, the amounts for periods prior to April 1, 2024 are not comparable. <BR> <BR> " <BR> 8 The Bank has applied its significant accounting policies, in the preparation of these financial results, consistent with those followed in the annual financial statements for the year ended March 31, 2024, except for note 7 above with respect to investment accounting. Any circular/ direction issued by the RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/ directions. <BR> 9 The Capital adequacy ratio has been computed as per the operating guidelines for Small Finance Banks in accordance with RBI Circular No. RBl/2016-17/81 DBR.NBD.No.26/16.13.218/2016-17 dated October 6, 2016 and other related guidelines issued thereto. Accordingly, the Bank has been following Basel II standardized approach for credit risk in accordance with the aforesaid guidelines and no separate capital charge is prescribed for market risk and operational risk. Basel II Standardized approach is followed in accordance with RBI Master Circular No.RBI/2015-16/85 DBR.No.BP.BC.4./21.06.001/2015-16 dated July 1, 2015 on Prudential Guidelines on Capital Adequacy and Market Discipline – New Capital Adequacy Framework (NCAF). <BR> 10 The Bank makes Pillar III disclosures as part of Market Discipline as per above referred RBI circular. In addition to this, the Bank provides disclosures on Leverage ratio as per Basel III- Capital Regulations (vide Circular RBI/2024-25/08 DOR.CAP.REC.4/21.06.201/2024-25 dated April 1, 2024). Further, the Bank makes disclosures on liquidity coverage ratio (vide ref. RBI/2013-14/635 DBOD.BP.BC.No.120 / 21.04.098/2013-14 dated June 9, 2014) read together with the RBI circular RBI/2017-18/36 DBR.BP.BC.No. 81/21.04.098/2017-18 dated August 2, 2017 and Net Stable Funding Ratio (vide ref. RBI/2017-18/178 DBR.BP.BC.No.106/21.04.098/2017-18 dated May 17, 2018) and any amendments in this regard from time to time. These disclosures are available on the Bank's website at the following link: https://ir.equitasbank.com/reports-and-presentations/. These disclosures have not been subjected to audit or limited review. <BR> 11 Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated August 6, 2020 (Resolution Framework 1.0) and May 05, 2021 (Resolution Framework 2.0) as at March 31, 2025 are given below: <BR> (` in Lakh) <BR> Type of Borrower Exposure to accounts classified as Standard consequent to implementation of resolution plan - Position as at the end of previous half - year i.e. September 30, 2024 (A)$ "Of (A) aggregate debt that slipped into NPA during the half - year <BR> March 31, 2025" "(Of (A) amount written off during the half -year ) <BR> March 31, 2025 #" "Of (A) amount paid by the borrower during the half-year <BR> March 31, 2025 ##" "Exposure to accounts classified as Standard consequent of implementation of resolution plan - Position as at the end of this half-year i.e. <BR> March 31, 2025" <BR> Personal Loans 615.00 4.48 - 44.58 565.94 <BR> Corporate persons* 264.25 - - 136.23 128.02 <BR> Of which, MSMEs 145.50 - - 51.16 94.34 <BR> Others 16,371.95 979.93 50.17 3,406.17 11,985.85 <BR> Total 17,251.20 984.41 50.17 3,586.98 12,679.81 <BR> *As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 <BR> # represents debt that slipped into NPA and was subsequently written off during the half year <BR> ## includes change in the balances on account of interest <BR> $ Excludes other facilities to the borrowers which have not been restructured <BR> <BR> "There were 225 borrower accounts having an aggregate exposure of ` 550.90 Lakh to the Bank, where resolution plans had been Implemented under RBI's Resolution Framework 1.0 dated August 6, 2020 and were modified under RBI's Resolution Framework 2.0 dated May 5, 2021 <BR> " <BR> 12 Details of loans transferred / acquired during the quarter and year ended March 31, 2025 under the RBI Master Direction on Transfer of Loan Exposures dated September 24, 2021 are given below: <BR> (i) The Bank has not transferred any non-performing assets (NPAs). <BR> (ii) The Bank has not transferred any Special Mention Account (SMA) and loan not in default. <BR> <BR> "(iii) The Bank has not acquired any ""loans not in default"" from other entities through assignment. <BR> " <BR> <BR> (iv) The Bank has not acquired any stressed loan. <BR> (v) Details of Ratings of Security receipts (SR) as on March 31, 2025 are given below. <BR> (Amount in ` Lakh) <BR> Rating Rating Agency Recovery Rating Gross Value of Outstanding SRs <BR> IND RR5 India Ratings Upto 25% 4,033.00 <BR> RR1 India Ratings 100% - 150% 6,027.54 <BR> Total 10,060.54 <BR> <BR> 13 During the quarter and year ended March 31,2025, the Bank has allotted 5,40,971 and 49,75,142 equity shares of ` 10 each respectively pursuant to the exercise of options by its employees in accordance with the ESFB ESOP Scheme. <BR> 14 During the year ended March 31, 2025, the Bank has raised Tier II Capital of ` 50,000 Lakh. <BR> 15 During the year ended March 31, 2025, the Bank has made a floating provision of `18,000 Lakh in line with the Board approved policy and RBI guidelines. <BR> 16 Other Income includes fees earned from providing services to customers, selling of third-party products, profit on sale of investments (net), recoveries from accounts previously written off, excess interest spread on securitisation, etc., <BR> 17 The ratios and other information which are to be disclosed as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, have been disclosed to the extent applicable. <BR> 18 The Bank does not have any Subsidiary, Associate or Joint venture as at March 31, 2025. Accordingly, the Bank is not required to publish the consolidated financial results. <BR> 19 During the year ended March 31, 2025, the Bank has paid `1,605 Lakh (Previous year: ` 6 Lakh) towards purchase of Priority Sector Lending Certificates (‘PSLC’). <BR> 20 The figures of the last quarter in each of the financial years are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of the third quarter of the respective financial year. <BR> 21 Previous period / year figures have been reclassified/regrouped, wherever necessary, to conform to the current period / year classification/ grouping. <BR> <BR> For Equitas Small Finance Bank Limited <BR> <BR> <BR> <BR> <BR> Place: Chennai P N Vasudevan <BR> Date : April 30, 2025 Managing Director and Chief Executive Officer <BR> 2024-04-012025-03-31AuditedStandalone55633195000647387000010101850000631172500009114891000722321410003060112400016210067000120782780002828834500058889469000133426720001135418100001988491000517992000147049900001470499000147049900011398624000104932657900000.178401.291.291.291.291067729900035419520000.02890.00980.003Rent, taxes and lighting532644000Depreciation on bank's property391295000Information Technology Expenses377858000Postage, telegram, telephone etc.78523000Law charges (including professional fees)162586000Bank and Other finance charges44398000Directors' fees, allowances and expenses10239000Auditors' fees and expenses2010000CSR contributions105318000Others1546543000Rent, taxes and lighting1904345000Depreciation on bank's property1481493000Information Technology Expenses1646803000Postage, telegram, telephone etc.327465000Law charges (including professional fees)555602000Bank and Other finance charges259923000Directors' fees, allowances and expenses34174000Auditors' fees and expenses11358000CSR contributions427699000Others54294160001139862400049326579000431067209000213699000001519403200052835634400049541056000582193700092886851000362088881000695702400011060595000528356344000Treasury2241188000Retail Banking15926373000Wholesale Banking158939000Other Banking operations367657000Unallocated0Treasury8902057000Retail Banking61445987000Wholesale Banking637648000Other Banking operations1246449000Unallocated01869415700072232141000001869415700072232141000Treasury367707000Retail Banking111183000Wholesale Banking-50843000Other Banking operations334734000Unallocated-229900000Treasury1939988000Retail Banking-160949000Wholesale Banking-26970000Other Banking operations1108830000Unallocated-872408000532881000198849100000005328810001988491000Treasury143961075000Retail Banking373183556000Wholesale Banking7761398000Other Banking operations0Unallocated34503150005283563440000528356344000Treasury127650540000Retail Banking332491323000Wholesale Banking6910902000Other Banking operations0Unallocated5783760004676311410000467631141000Business Segments have been identified and reported taking into account the target customer profile, the nature of products and services, the differing risks and returns, and guidelines prescribed by RBI and in compliance with the Accounting Standard 17 - "Segment Reporting". The methodology adopted by the Bank in compiling and reporting the above information has been relied upon by the auditors. <BR> <BR> The RBI vide its circular dated April 7, 2022 on establishment of Digital Banking Units (DBUs), has prescribed reporting of Digital Banking Segment as a sub - segment of Retail Banking Segment. The Bank has not set up any DBUs and hence no Digital Banking Segment disclosure have been made. The business operations of the Bank are in India and for the purpose of segment reporting as per Accounting Standard-17 (Segment reporting) the bank is considered to operate only in domestic segment.1988491000014814930002592088000002378210000-4555000710577000050174240000-5497744500097089100005099250000-53496629000-48479205000-46490714000000164326700067502189000193682080000019368208000000000006012700015922630000854575000000000000-238671100000-2386711000232859000003494600000011354790000002591980000002591980000195734770000195734770003507848500054651962000Equitas Small Finance Bank Limited******Equitas Development Initiatives Trust******Entities under the Same ManagementInterest paid30000000N.A48750002900030000Equitas Small Finance Bank Limited******Equitas Development Initiatives Trust******Entities under the Same ManagementAny other transactionDeposits received200000000Receipt of Deposits (Outstanding at any point of time)28100027760002857000Equitas Small Finance Bank Limited******Equitas Development Initiatives Trust******Entities under the Same ManagementAny other transactionDeposits paid on maturityN.A20000000Equitas Small Finance Bank Limited******Equitas Healthcare Foundation******Entities under the Same ManagementInterest paid40000000N.A143800000Equitas Small Finance Bank Limited******Equitas Healthcare Foundation******Entities under the Same ManagementAny other transactionRent and electricity paid0N.A3500000Equitas Small Finance Bank Limited******Equitas Healthcare Foundation******Entities under the Same ManagementAny other transactionSaving accountN.A08791300013597000Equitas Small Finance Bank Limited******Equitas Healthcare Foundation******Entities under the Same ManagementAny other transactionSecurity DepositN.A02400024000Equitas Small Finance Bank Limited******Equitas Development Initiatives Trust******Entities under the Same ManagementAny other transactionSavings accountN.A0161665000782690006829000AuditedtrueM/s. ASA & Associates, LLPtrue2026-03-31M/s. Suri and Co.,true2027-04-30