Equitas Small Finance Bank reported strong growth and steady performance in Q1FY24, with a 97% YoY increase in Profit After Tax and a 47% YoY growth in disbursements. The bank s gross advances grew by 36% YoY, and key ratios remained healthy.
The total credit card outstanding at the end of March 2023 was Rs 1.94 lakh crore as against Rs 1.48 lakh crore at the end of March 2022, the RBI’s monthly sectoral bank credit data showed. Total number of credit cards increased to 8.53 crore in FY2023 from 7.52 crore in FY2022.