If rates stabilise, our NIMs should be fairly comfortable going forward: PN Vasudevan, Equitas SFB
Equitas Small Finance Bank's NPA increased from 2.21% to 2.39% in the third quarter due to a securitisation transaction. They expect slippages to reverse in the fourth quarter. The bank is comfortable on capital adequacy and well placed in the current interest rate scenario. Equitas SFB's MD & CEO says: "Our pre-Covid GNPA used to be in the range of 2.5% and we are fairly back to our pre-Covid level."
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