Equitas small finance bank announced Q4FY23 results: Highest quarterly PAT of Rs 190 crore in Q4FY23, growth of 59% YoY Quarterly disbursement at Rs 5,917 crore in Q4FY23, growth of 80% YoY Gross advances at Rs 27,861 crores with a growth of 35% YoY Highest RoA and RoE of 2.28% and 15.52% respectively Deposits grew 34% YoY and 8% QoQ to reach Rs 25,381 crore The receipt of the AD-1 license to further strengthen the product suite NII grew 28% YoY and 9% QoQ, other income grew 66% YoY and 38% QoQ Board recommended a maiden dividend of Re 1 per equity share for FY23 Commenting on the quarterly performance, P N Vasudevan, Managing Director and CEO of Equitas Small Finance Bank, said: “During the Bank’s initial years, the focus was on laying the foundation to transition from an NBFC into a bank. The bank is in its second phase of growth and the overarching strategy is to leverage the investments made in branches, people, systems, products, and most importantly customers. Initiatives centred on these investments will drive operational efficiencies, customer retention and improve the overall profitability of the bank. As a stable, sustainable, and scalable bank, Equitas is well positioned to capitalise on industry growth potential.” Result PDF