India's Equitas Small Finance Bank falls as non-performing assets rise

AU Small Finance Bank

24/04/2024 10:47

** Shares of Equitas Small Finance Bank  EQUI.NS  are down
about 3%
    ** The lender's Q4 gross non performing assets (NPA) rose to
8.21 bln rupees ($98.6 mln) from 7.5 bln rupees in Q3
    ** Percentage of gross NPAs to advances rose to 2.61% in Q4
from 2.53% in the previous quarter
    ** Stock set for its worst day in over a month 
    ** EQUI is down about 5% YTD vs a 6% drop in Ujjivan Small
Finance Bank  UJJI.NS  and a 22.5% drop in AU Small Finance Bank
 AUFI.NS 
 
 ($1 = 83.2930 Indian rupees)

 (Reporting by Nishit Navin)
 ((Nishit.Navin@thomsonreuters.com;))