Equitas SFB hits highest level since listing on healthy Q2 numbers

The Reserve Bank of India has lifted all restrictions imposed on Equitas SFB a year ago, the lender said on Monday.

Shares of Equitas Small Finance Bank (SFB) gained 5 per cent to Rs 34.35 on the BSE in the early morning trade on Tuesday after the bank's net profit more-than-doubled to Rs 103 crore in the September quarter (Q2FY21). The private sector lender had posted a profit of Rs 49 crore in the year-ago quarter.

Net interest income (NII) grew 32 per cent year-on-year (YoY) to Rs 461 crore against Rs 351 crore in Q2FY20. The asset quality of the bank also improved with gross non-performing assets (NPAs) falling to 2.48 per cent of the gross advances at the end of