In our five-year journey as a small finance bank, we have focused on building a stable, scalable and sustainable bank while creating value for all our stakeholders.
Welcome to our Integrated Annual Report 2021-22Net Income
Net Interest Margin
Profit After Tax (PAT)
Capital Adequacy (CRAR)
ROA
ROE
Since inception, we are on a mission to create the most valuable bank for all our stakeholders, with a prudent approach towards delivering profitable growth.
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5,604
18,951
8,238
20,597
1,638
9,855
2,048
4,246
8.36
6.58
13,490
17,607
889
861
23,97,986
56,87,893
* Total Deposits including Certificate of Deposits
With a purpose to offer financing solutions to India’s vast unserved and underserved segment, we developed an innovative credit assessment system which enabled us to extend loans to customers, with limited to no recorded credit or income history.
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It would not be an overstatement to say that the Bank has weathered well the pounding of the three waves of the pandemic and its massive ripple effects. I believe we now have a Bank whose foundation is strong and will get stronger as it grows.
Arun Ramanathan Part-Time Chairman and
Non-Executive Independent Director
Predicting the future is often a tricky proposition, simply because no forecasting model is remotely capable of factoring in the ‘unknown-unknowns’. The pace of technology evolution and human ingenuity have the power to derail the plausible outcomes. However, the one thing that can be said with a degree of certainty is that the bank of the future will be embedded in customer journeys in such a way that it becomes the platform or channel on which their life moves.
P. N. Vasudevan MD & CEO
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Equitas is one of the largest small finance banks in India. We provide tailored solutions to individuals with limited access to formal channels and drive financial inclusion to the last mile.
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Inclusive
Banking
Emerging Enterprise Banking
NBFC Financing & MSE
Consumer
Banking
Commercial
Banking
We have always adopted a conservative approach to lending – focusing on staying adequately capitalised and maintaining stable asset quality. Our advances growth has consistently outpaced balance sheet expansion, indicating fund movement to high-yielding assets and translating to much better net interest margins generated with a similar balance sheet size.
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At Equitas, we are building the bank of the future by deploying key growth levers, leveraging the changing technology landscape and sharpening competitive edge in borrowing costs. We view fintechs as complements to our own strengths, and not as competitors, thereby entering into robust partnerships to drive innovation and engagement at scale.
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We launched a web series on our social media platforms, named ’Circle of Life’. It features real-life transformative stories of bravery, sacrifice and compassion. The first story narrates Shanthi’s journey from being a pavement dweller to a proud, independent parent. The second story is about a transwoman street play artist Dhanalakshmi’s self-discovery and rebirth, to a woman of substance and an artist. The third story was about a couple with disabilities, Indra Jitendra, who overcome supposedly insurmountable challenges, every day.
Neo Banking - Live Partnerships
Accounts opened
FDs opened
accounts opened
Arun Ramanathan Part-time Chairman and Non- Executive Independent Director (AR)
Vasudevan Pathangi NarasimhanMD & CEO (VPN)
Arun Kumar Verma Non-Executive Independent Director (AKV)
Narayanaswamy Balakrishnan Non-Executive Independent Director (NB)
Navin Avinashchander Puri Non-Executive Independent Director (NAP)
Narasimhan Srinivasan Non-Executive Independent Director (NS)
Vinod Kumar Sharma Non-executive Independent Director (VKS)
Ramesh Rangan Non-executive Independent Director (RR)
Geeta Dutta Goel Non-executive Independent Director (GDG)
Samir Kumar Barua Non-executive Independent Director (SKB)
Vasudevan Pathangi Narasimhan MD & CEO
Sridharan N Chief Financial Officer
Murali Vaidyanathan Senior President & Country Head Branch Banking, Liabilities, Products & Wealth
Rohit Phadke Senior President & Head Assets
Natarajan Muthusubramanian Head Treasury
Sibi PM Chief Risk Officer
Pallab Mukherji Chief People Officer
Dheeraj Mohan Head of Strategy, Investor Relations, BI and CX
Narayanan E Chief Information Officer
Vivek Dhavale Chief Technology Officer
Sivapprakash VS Head – Internal Audit
Siby Sebastian President & Head – Operations & Infrastructure
Sethupathy S President - Process and Quality Assurance
Srinivasan Purohit Chief Compliance Officer
Sampathkumar K. Raghunathan Company Secretary and Compliance Officer
Financial
Manufactured
Human
Intellectual
Social and Relationship
Mission
To create the most valuable bank for all stakeholders through happy employees
Values
Customer first
Pride of performance
Fair and transparent
Ownership
Respect for people
