Business Update from Equitas Small Finance Bank
In accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information framed in terms of Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015, we would like to intimate the following with respect to Bank's Deposits, Advances and other information for the quarter ended June 30, 2021:
Table A: Deposits & Advances:
|
Particulars (In Rs. Crore unless specified otherwise) |
June 30, 2020 |
March 31, 2021 |
June 30, 2021 (Provisional) |
YoY % |
QoQ % |
|
Gross Advances |
15,573 |
17,925 |
17,839 |
15% |
-0.5% |
|
Disbursement for the quarter |
564 |
2,535 |
1,271 |
125% |
-50% |
|
Total Deposits |
11,787 |
16,392 |
17,095 |
45% |
4% |
|
CASA |
2,354 |
5,614 |
6,794 |
189% |
21% |
|
CASA Ratio (%) |
20% |
34% |
40% |
- |
- |
Table B: Collection & Billing Efficiency Product Wise:
|
|
Collection Efficiency |
Billing Efficiency |
||||||
|
Particulars |
March 2021 |
April 2021 |
May 2021 |
June 2021 |
March 2021 |
April 2021 |
May 2021 |
June 2021 |
|
Micro Finance |
93.44% |
88.85% |
63.60% |
66.90% |
91.90% |
88.05% |
63.12% |
63.02% |
|
Small Business Loans |
106.56% |
97.17% |
76.76% |
85.14% |
91.48% |
86.08% |
70.91% |
73.02% |
|
Vehicle Finance |
113.84% |
84.39% |
67.35% |
89.33% |
87.74% |
75.17% |
62.82% |
68.94% |
|
MSE Finance |
180.26% |
150.55% |
139.63% |
108.34% |
89.04% |
85.59% |
77.67% |
72.89% |
|
Corporate |
174.91% |
300.45% |
242.77% |
103.00% |
99.91% |
97.75% |
97.46% |
99.21% |
|
Total |
108.51% |
105.16% |
77.84% |
83.49% |
91.12% |
84.68% |
66.97% |
69.52% |
- Collection efficiency represents total collections during the month as a percentage of that month’s total EMIs due
- Billing efficiency represents only the EMIs of that month alone collected as a percentage of that months total EMIs due.
- The month’s total EMIs includes EMIs of accounts which are in NPA also and not just standard assets
Table C: Collection & Billing Efficiency Product Wise: (Non NPA)
|
|
Collection Efficiency |
Billing Efficiency |
||||||
|
Particulars |
March 2021 |
April 2021 |
May 2021 |
June 2021 |
March 2021 |
April 2021 |
May 2021 |
June 2021 |
|
Micro Finance |
98.26% |
94.26% |
66.33% |
69.96% |
96.76% |
93.63% |
65.90% |
65.90% |
|
Small Business Loans |
101.31% |
95.62% |
77.31% |
85.78% |
94.33% |
88.90% |
73.65% |
75.13% |
|
Vehicle Finance |
102.32% |
82.36% |
68.22% |
85.51% |
90.32% |
77.54% |
64.93% |
70.42% |
|
MSE Finance |
181.30% |
136.53% |
116.39% |
110.06% |
88.97% |
85.63% |
78.73% |
74.77% |
|
Corporate |
153.31% |
149.75% |
132.55% |
103.81% |
99.90% |
97.54% |
98.36% |
100.00% |
|
Total |
104.88% |
95.69% |
73.72% |
84.05% |
94.46% |
88.12% |
69.41% |
71.79% |
The difference between Table B and Table C is that in Table C, the denominator which represents the total EMI due for that particular month consists of EMIs due of all accounts which are standard only. The EMIs due from NPA accounts are not added in the denominator in Table C.
Table D: X Bucket Collection Efficiency:
|
Particulars |
X Bucket Collection Efficiency March 2021 |
X Bucket Collection Efficiency April 2021 |
X Bucket Collection Efficiency May 2021 |
X Bucket Collection Efficiency June 2021 |
|
Small Business Loans |
99.60% |
97.82% |
84.14% |
96.15% |
|
Vehicle Finance |
98.85% |
86.92% |
78.56% |
91.58% |
|
Micro Finance |
98.70% |
96.00% |
68.94% |
73.97% |
X bucket means those accounts which are not having any overdue as at the end of previous month. X bucket collection efficiency represents collections of that particular month’s EMI from such X bucket accounts during that particular month divided by total EMIs from all such X bucket accounts
Commenting on the collection trends, Mr. P N Vasudevan, Managing Director and CEO of Equitas Small Finance Bank said: The first quarter of the year witnessed tepid repayments as most of the regions the Bank operates in were under lockdown. The Bank’s borrowers are largely in the informal segments dealing in daily use products and services which were temporarily disrupted due to the COVID-19 restrictions imposed. However, during the month of June 2021, states in the West and North experienced improved collection efficiencies as lockdowns eased while Southern states opened up towards the end of the month. We anticipate a sharp improvement in collections in the coming months as COVID wave 2 recedes.
At Equitas we continue to play a strong supportive role in conjunction with various State Governments by organizing a total of 1,248 vaccination camps for low income communities, benefitting 1,52,013 people.
Please note that the numbers mentioned above as on June 30, 2021 are provisional unaudited numbers and is subject to review / examine by the Audit Committee and Board of Directors and are subject to review by the Statutory Auditors of the Bank.
