Equitas Small Finance Bank Limited has announced that its Board of Directors, at their meeting held on September 16, 2026, approved the raising of capital through the issuance of rated, listed, unsecured, subordinated, transferable, redeemable, fully paid-up Lower Tier II Non-Convertible Debentures (NCDs). The aggregate nominal value of these bonds will be up to ₹500 crores in a single series on a private placement basis, designed to bolster the bank’s Lower Tier II Capital under the Basel II framework on capital adequacy.

Equitas Small Finance Bank is a leading small finance bank in India, dedicated to promoting financial inclusion by offering a comprehensive suite of banking products and services targeted at unserved and underserved customer segments. The bank operates on a philosophy of “Beyond Banking,” striving to generate sustainable social impact alongside commercial growth. Recent strategic updates highlight the bank’s “Liability 2.0” framework, which focuses on building a diversified and resilient funding base, expanding digital platforms, and enhancing long-term operational capabilities. Furthermore, the bank has pursued robust capital-raising avenues, including a proposed overall fundraising program comprising a Qualified Institutions Placement (QIP) and Tier II issuances backed by stable CARE AA- credit ratings.