CARE reaffirms Equitas SFB ratings at AA- stable; CDs at A1+

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EQUITASBNK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.5%Reaction day

₹66.05

prior close

₹65.92

announcement price

After-mkt

timing

Nifty Microcap 250market+0.8%+0.6% vs market

Other Bank peers, median of 8sector+0.7%+0.8% vs sector

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250 and 0.8 pts more than its Other Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.7

10m

+1.2

15m

+1.8

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.5+0.8+0.6+0.7+0.8

Next day

+2.6+1.0+1.6+0.9+1.8

+5.2+1.7+3.5+1.7+3.5

+3.8+0.1+3.7+0.6+3.2

+6.7+0.8+6.0+0.8+5.9

+6.4-0.9+7.3-1.3+7.7

+0.7-4.5+5.2-4.3+4.9

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Other Bank peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CARE Ratings reaffirmed Equitas Small Finance Bank's ratings in its annual surveillance. Issuer rating held at AA- with stable outlook. Three Tier II bond issues totaling Rs 1,500 crore also reaffirmed at AA- stable. Certificate of Deposits of Rs 1,500 crore kept at A1+. Review was based on FY26 audited and Q1FY27 provisional results. All ratings unchanged.

Likely market impact

Ratings held at strong investment grade with stable outlook; status quo for shareholders, likely neutral for the stock.