Focus on execution
Most challenges associated with the company’s transition from a non-banking financial company to a diversified retail bank are now behind it, management said, so the focus is now on execution. While lending is a strong suit of small finance banks, deposit mobilization remains a key challenge. This has resulted in a higher reliance on borrowings to support credit growth. Note that Equitas is a relatively new brand compared to some established banks that offer higher deposit rates. Deposits grew 42% annually from ₹1,921 crore in FY17 to ₹46,533 crore in FY26. In FY26, deposits grew 8% year-on-year.
