Equitas Small Finance Bank Sees Deposit Surge, CASA Takes a Hit
2025-01-04
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Equitas Small Finance Bank has reported a significant increase in total deposits, reaching ₹40,738 crore, with a 2.21% quarter-on-quarter (QoQ) growth and a substantial 25.79% year-on-year (YoY) rise. This growth is a testament to the bank's expanding customer base and improving financial performance. Despite the decline in Current Account Savings Account (CASA) deposits, the bank's overall deposit growth is a positive sign for its future prospects, indicating a strong foundation for further expansion and development in the banking sector, particularly in small finance banking and digital banking services.
