India's Equitas Small Finance Bank set for worst day in three years

Equitas Small Finance Bank

07/07/2025 10:36

** Shares of Equitas Small Finance Bank EQUI.NS slide 6.5% to 63.55 rupees, set for worst day since May 2022

** Stock down for a fourth consecutive session

** EQUI's Q1 slippages in its microfinance portfolio rose to 19.75% from 12.85% in Q4

** As a result, overall net slippages rose to 4.35% from 3.16%

** Rising slippages are a sign of worsening asset quality

** However, analysts tracking EQUI rate it "buy" on average; median PT is 75 rupees - data compiled by LSEG

** Stock little changed this year, last down 0.8%

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))