Equitas Small Finance Bank: MOSL maintains a Buy on Equitas Small Finance Bank with a Target Price of ₹85, citing 20%+ long-term growth driven by secured loans (SBL, vehicle finance and home loans), stronger liability franchise, improving operating leverage, healthy asset quality, MFI capped at 10% of loans, credit costs of 1.25–1.5%, and RoA guidance of 1.5–1.8%.
Equitas Small Finance Bank: MOSL maintains a Buy on Equitas Small Finance Bank with a Target Price of ₹85, citing 20%+ long-term growth driven by secured loans (SBL, vehicle finance and home loans), stronger liability franchise, improving operating leverage, healthy asset quality, MFI capped at 10% of loans, credit costs of 1.25–1.5%, and RoA guidance of 1.5–1.8%.