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Equitas Holdings Ltd.

BSE: 539844 Sector: Financials
NSE: EQUITAS ISIN Code: INE988K01017
BSE 00:00 | 24 Apr Equitas Holdings Ltd
NSE 05:30 | 01 Jan Equitas Holdings Ltd
OPEN 54.65
PREVIOUS CLOSE 56.05
VOLUME 4426803
52-Week high 143.55
52-Week low 32.75
P/E 231.82
Mkt Cap.(Rs cr) 1,743
Buy Price 51.00
Buy Qty 71.00
Sell Price 51.05
Sell Qty 500.00
OPEN 54.65
CLOSE 56.05
VOLUME 4426803
52-Week high 143.55
52-Week low 32.75
P/E 231.82
Mkt Cap.(Rs cr) 1,743
Buy Price 51.00
Buy Qty 71.00
Sell Price 51.05
Sell Qty 500.00

Equitas Holdings Ltd. (EQUITAS) - Chairman Speech


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Company chairman speech

Transition complete focus on profitability

Dear Shareholders

I am happy to communicate with you once again through this AnnualReport for FY 2018-19.

This year we returned to our high growth momentum with a significantimprovement in profitability. The Bank continues to focus on building a stable andsustainable franchise by diversifying the portfolio mix towards secured lending whileimproving profitability. Our commitment towards reaching out to the unbanked andunderbanked segments through a wide range of products continues with our new products likeNew Commercial Vehicle loans working capital loans etc.

Retail deposit momentum builds up

The strategy of our bank to create a long-term granular retailliability franchise through our branches continues to perform well. We added more than 5lakh retail depositors with customer balances crossing र 8000 Crore; retail fixeddeposits accounted for र 2408 Crore.

We continue to deliver "value for money" banking experienceto our depositors through a rich value proposition and customer benefit programmes acrossour Current and Savings accounts. Today "Wings" our differentiated offeringcontributes 29% of overall CASA balances.

Deposits as a percentage of total borrowings stood at 69% while CASAstood at 25% of total deposits. The deposit momentum also ensured our Bank's growthwas not affected by the liquidity crisis the financial sector witnessed in the second halfof 2018-19.

Scalable and Sustainable Growth in Advances

In 2016-17 I had highlighted the Banks ability to conduct creditassessments of borrowers from the informal economy and its focus on leveraging theseskills to introduce new products mainly Agri loans and Business Loans. In 2017-18 I hadshared the growth from these products had touched 13% of our portfolio and theintroduction of New Commercial Vehicle loans and Working Capital loans in line with ourstrategy of leveraging the skills we honed over the past decade.

I am happy to inform you that our strategy of diversifying and offeringa wide array of financing solutions to the segments that we operate in continue toprogress well and now contribute 47% to our overall portfolio. We are confident that withthe seeding of these products early on our Bank will enjoy a competitive edge in theyears to come.

Focus on Technology

Our Bank continues to invest in technologies that improve operatingefficiencies security and risk management and customer experience and help build a bankready for tomorrow's customers. We have started to realise the positive impacts ofinvesting in emerging technologies like API Banking Robotic Process Automation FacialRecognition Autonomous Account Opening and Analytics. We believe that in the changingregulatory environment banks with a strong technology practice will see a differentiatedjourney. We are on this journey with some of the world's best technology companies.

Social Initiatives

Our social initiatives such as free health camps livelihood skillstraining and job placement fairs for unemployed youth continue to create a difference.Eight Equitas Gurukul schools are functioning well under the aegis of Equitas DevelopmentInitiatives Trust (EDIT). The schools provide high quality affordable education to 5500+students from low-income households. Their achievements in academics as well as sportsprovides us great joy and pride.

With the support from all our stakeholders I am confident that theGroup shall continue to grow further achieve bigger milestones in banking and serve thesociety further more meaningfully. I thank you all for your continued support in ourjourney of making Equitas Small Finance Bank one of the country's most respected andvaluable bank.

God bless you!

Rangachary N

Chairman Equitas