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.
Motilal Oswal Report
Equitas Small Finance Bank Ltd. reported a profit after tax of Rs 1.1 billion (higher than our estimate), led by higher priority sector lending certificates fee income and lower provisions.
Non-micro finance institution assets under management growth stood at 25% YoY, while the micro finance institution portfolio declined further.
On the liability front, deposit growth momentum was strong, with the current account and savings account ratio improving to 34%.
On the asset quality front, higher write-offs (Rs 1.7 billion) in the MFI portfolio resulted in an improvement in asset quality ratios.
Collection efficiency for March 2021 improved to 108.5% (versus 105.4% in December 2020).
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