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2. What you'll use it for Get clear on why you need the account in the first place. Is it for personal spending, running a business, or a mix of both? Banks often design different current accounts around different needs. If you run a small business, an account with merchant services built in could work better for you. If you just want a straightforward way to handle everyday money, a basic current account should cover it. (Image: AI)
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CNBC TV18•29-09-2026, 12:23
Equitas SFB to Boost FY27 Loan Growth Guidance Above 25%; Maharashtra Drought Impact Minimal
  • •Equitas Small Finance Bank plans to raise its FY27 advances growth guidance to over 25% after strong Q1FY27 growth of 28% and continued momentum in Q2FY27.
  • •Managing Director PN Vasudevan confirmed a formal upward revision will follow upcoming quarterly results, noting the second half typically sees stronger credit uptake.
  • •Asset quality metrics are outperforming, with full-year credit costs now expected to fall below the initial 1.5% guidance, after recording 1.36% in Q1FY27.
  • •Despite a projected 15 basis point NIM compression from higher deposit rates, lower credit costs and reduced operating expenses will help exceed the 1.2% return on assets target.
  • •The bank anticipates limited risk from the Maharashtra drought, as it does not issue direct agricultural loans and microfinance, which accounts for 10-11% of advances, has stable repayment patterns and collection efficiency.
Read Full Article on CNBC TV18 in English

Key Questions Answered

Equitas Small Finance Bank is planning to upgrade its advances growth guidance above 25% because its growth reached 28% in the April-June quarter of 2026 (Q1FY27) and momentum remained strong into the July-September quarter (Q2FY27).

Equitas Small Finance Bank anticipates minimal disruption from the Maharashtra drought because the bank does not issue direct agricultural loans, relying instead on a microfinance portfolio where Maharashtra accounts for only 2% to 2.5% of the overall book.

The IRDAI proposal to cut commissions on policies requiring minimal selling effort would result in an estimated revenue hit of ₹25 crore to ₹30 crore, representing roughly 2% to 2.5% of the bank's annual profits.

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