Equitas Small Finance Bank Ltd

- There is no explicit mention on Page 16 or surrounding pages of any current or future fundraising plans through debt or equity by Equitas Small Finance Bank Limited. - On Page 6, it is noted that funding profile is stable with opportunities available to raise funds both in the form of refinance as well as Interest Bearing Public Deposits (IBPC), indicating potential avenues but no confirmed fundraising. - Management discussion focuses more on growth, cost control, and product expansion rather than on immediate fundraising through equity or debt. - No announcements or guidance specifically related to new equity issuance or debt raising are detailed in this segment of the transcript.

- Equitas Small Finance Bank is in an investment phase focusing on digital and product innovation. - Planned product launches within 12 to 18 months include new car loans, personal loans, credit cards, forex cards, and AD-1 products, requiring upfront investments. - Increased spend on IT projects related to loan systems, customer apps, data warehousing, and other technology enhancements was noted in Q1. - The bank is leveraging its existing strong branch network, so limited physical infrastructure investment is expected in the near term. - Brand investments include IPL sponsorship costs (INR 7.5 crores in Q1). - Overall cost-to-income ratio is expected to remain between 63%-65% during this investment phase. - The bank continues to invest in LOS (loan origination system) to increase productivity and digitize customer onboarding, already benefiting vehicle finance segment.

- Vehicle finance volume grew 39% without significant increase in employees, indicating efficient growth (Page 16). - Retail deposits (CASA + RTD) remain healthy at 78%, with focus on granular retail and institution deposits for stability and growth (Page 5, 14). - Business expanding in non-Tamil Nadu states with new loan systems in more branches, indicating geographic growth (Page 4). - Affordable home loan business scaling up, now in 34 branches across 5 states, with new Loan Origination System deployment planned (Page 4). - New products including personal loans, credit cards, forex cards, and AD-1 products to launch in 12-18 months, expected to drive future revenue (Page 10). - CD ratio targeted to reduce from ~95% to ~85% over next two years, implying deposit growth focus (Page 14). - Cost-to-income ratio expected to improve to ~60% next year and 55-60% medium term, supporting profitability growth (Page 13). - Incremental disbursements have increased yields by about 40 bps, supporting NIMs despite pressures (Page 7).

- Equitas Small Finance Bank is in an investment phase with expected cost-to-income ratio around 63%-65% for FY24, improving to 60% or below next year and 55%-60% in the medium term. - NII grew 28% YoY; operating income grew 31% YoY, indicating healthy top-line momentum. - Credit cost is at one of the best levels seen in a long time, supporting profitability. - Slippages are expected to hover around 3%, indicating stable asset quality. - ROA maintained above 2% for three consecutive quarters, with focus on sustaining this despite NIM pressure. - Full-year NIM expected around 8.5%, slightly down from last year due to rising deposit costs. - Incremental disbursement yields have improved by 40 bps, offsetting some pressure on portfolio yields. - New products (personal loans, credit cards, car loans, forex cards) expected to roll out in 12-15 months, enhancing revenue streams. - Overall outlook is positive with stable credit momentum and controlled costs expected to improve earnings and profits over next 2-3 years.

The provided document pages do not mention any information about the current or expected order book or pending orders for Equitas Small Finance Bank Limited. The content primarily covers financial performance, deposit and loan growth, asset quality, cost-to-income ratios, deposit rates, credit and liability strategies, and market outlook. There are detailed discussions on vehicle finance growth, retail deposit mobilization, slippages, and portfolio product strategies, but no reference to order books or pending orders is found in the available transcript.