Equitas Small Finance Bank Q4 Review - Well Positioned To Tide Through Covid 2.0: Axis Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Axis Securities Report.Equitas Small Finance Bank Ltd. posted mixed bag results. On the operational front, disbursements stood at Rs 2,535 crore (up 5% year-on-year, up 3% quarter-on-quarter) driven by a growth in the small business loans and vehicle finance book. Excluding micro finance institution book, disbursement growth was approximately 18% YoY. Assets under management stood at Rs 17,925 crore, registering a QoQ/YoY growth of 3%/17%, respectively. The share of microfinance book contracted to 18% of AUM from ~20% in Q3 FY21, which we believe is a prudent approach given the high level of uncertainty in Covid 2.0. The ‘nil’ exposure to the troubled states of West Bengal and Assam provides relief. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Equitas Small Finance Bank Q4 Review - Well Positioned To Tide Through Covid 2.0: Axis Securities

Equitas Small Finance Bank Q4 Review - Well Positioned To Tide Through Covid 2.0: Axis Securities

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