Equitas Small Finance Bank shares jump 2% as board approves raising funds up to ₹500 crore via issuance of NCDs

According to a regulatory filing, the SFB said that its board of directors, at its meeting held on September 16, approved the issuance of 50,000 rated, listed, unsecured, subordinated, transferable, redeemable, fully paid-up, lower tier II NCDs.

The 50,000 NCDs, with a face value of ₹1 lakh each and an aggregate nominal value of up to ₹500 crore, will be issued in a single series in dematerialised form on a private placement basis.

Furthermore, the NCDs are proposed to be listed on the BSE (formerly Bombay Stock Exchange), it added.

Equitas SFB Q1 results

The small finance bank reported a net profit of ₹184 crore for the April-June quarter of the 2026-27 financial year (Q1 FY27), compared with a loss of ₹224 crore in the same period last year. It had logged a profit of ₹213 crore in the quarter-ago period.

Its net interest income (NII) stood at ₹1,029 crore during the quarter under review, reflecting a 30.9% year-on-year (YoY) jump from ₹786 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

The bank’s asset quality improved quarter-on-quarter, with gross non-performing assets (GNPA) declining to 2.36% in Q1 FY27, as against 2.49% in the preceding quarter. However, its net NPA stood at 0.70%, compared with 0.68% in Q4 FY26.

Equitas SFB stock performance

Shares of Equitas SFB advanced nearly 2% to hit an intraday high of ₹72.69 per unit on the National Stock Exchange (NSE) on Wednesday, September 16, compared to Wednesday’s closing price of ₹71.35 apiece.

At around 2:22 PM, the scrip was trading 1.18% higher at ₹72.19 per equity share. The stock has fallen nearly 1% in the past week and 3% over the month. However, on a year-to-date (YTD) basis, it has soared 13%.

While the shares hit a 52-week high of ₹83.90 per unit on July 15, 2026, they touched a year’s low of ₹51.25 apiece on March 30, 2026.

Equitas Small Finance Bank has a total market capitalisation of ₹8,259.19 crore as of September 16, 2026, according to data on the NSE.