Equitas Small Finance Bank has had its issuer rating reaffirmed at ‘CARE AA-; Stable’ by CARE Ratings Limited. The bank’s Lower Tier II bonds also received the same rating, while its Certificate of Deposits were rated ‘CARE A1+’. These ratings reflect CARE Ratings’ assessment of the bank’s operational and financial performance up to Q1FY27, indicating continued stability and creditworthiness.
Credit Rating Reaffirmed for Equitas Small Finance Bank
Equitas Small Finance Bank has received a significant endorsement from CARE Ratings Limited, which has reaffirmed the bank’s issuer rating at ‘CARE AA-; Stable’. This rating action was confirmed via letters dated September 07, 2026, and reflects CARE Ratings’ assessment of the bank’s recent operational and financial performance through FY26 (Audited) and Q1FY27 (Provisional).
Key Ratings and Status
The reaffirmed rating of ‘CARE AA-; Stable’ applies to the bank’s issuer rating, as well as its Lower Tier II bonds, totaling ₹1000 crore across two tranches (INE063P08112 and INE063P08120). Additionally, the bank’s Certificate of Deposits program, with an amount of ₹1500 crore, has been rated ‘CARE A1+’. All these ratings have been noted as ‘Re-affirmed’, signaling continued confidence in the bank’s credit profile.
Rating Agency’s Perspective
CARE Ratings Limited highlighted that the issuer rating is an opinion on the general creditworthiness of the Company and is not specific to any particular debt instrument. The rating agency reserves the right to conduct periodic reviews and may revise or reaffirm ratings based on future events or information. The details of the rated instruments, including their ISINs, issue dates, interest rates, and maturity dates, are available in the accompanying annexures.
Source: BSE
