Collection Efficiency for the month of April at 105.16%

Collection Efficiency for the month of April at 105.16%

Billing Efficiency for the month of April at 84.68%

Collection & Billing Efficiency Product Wise:

	Collection Efficiency	Billing Efficiency
Particulars	December 2020	March 2021	April2021	December 2020	March 2021	April2021
Micro Finance	97.98%	93.44%	88.85%	91.29%	91.90%	88.05%
Small Business Loans	104.56%	106.56%	97.17%	90.56%	91.48%	86.08%
Vehicle Finance	108.39%	113.84%	84.39%	82.25%	87.74%	75.17%
MSE Finance	192.55%	180.26%	150.55%	88.88%	89.04%	85.59%
Corporate	149.36%	174.91%	300.45%	94.51%	99.91%	97.75%
Total	105.36%	108.51%	105.16%	88.73%	91.12%	84.68%

1.        Collection efficiency represents total collections during the month as a percentage of April months total EMIs due

2.        Billing efficiency represents only the EMIs of April alone collected as a percentage of April months total EMIs due. The April month total EMIs includes EMIs of accounts which are in NPA also and not just standard assets

Collection & Billing Efficiency Product Wise: (Non NPA)

	Collection Efficiency	Billing Efficiency
Particulars	December 2020	March 2021	April2021	December 2020	March 2021	April2021
Micro Finance	100.93%	98.26%	94.26%	94.09%	96.76%	93.63%
Small Business Loans	101.26%	101.31%	95.62%	93.27%	94.33%	88.90%
Vehicle Finance	96.64%	102.32%	82.36%	85.56%	90.32%	77.54%
MSE Finance	128.83%	181.30%	136.53%	88.69%	88.97%	85.63%
Corporate	148.48%	153.31%	149.75%	94.96%	99.90%	97.54%
Total	102.39%	104.88%	95.69%	91.50%	94.46%	88.12%

1.        Collection efficiency represents total collections during the month as a percentage of April months total EMIs due

2.        Billing efficiency represents only the EMIs of April alone collected as a percentage of April months total EMIs due. The April month total EMIs includes EMIs of accounts which are just standard assets

X Bucket Collection Efficiency:

Particulars	X Bucket Collection EfficiencyDecember 2020	X Bucket Collection EfficiencyMarch 2021	X Bucket Collection EfficiencyApril 2021
Small Business Loans	99.05%	99.60%	97.82%
Vehicle Finance	95.72%	98.85%	86.92%
Micro Finance	98.30%	98.70%	96.00%

Commenting on the collection trends, Mr. P N Vasudevan, Managing Director and CEO of Equitas Small Finance Bank said: “The 4^th Quarter of previous year was near normal with no lockdowns anywhere in the country and livelihoods almost back to normal levels.  This was reflected in our performance also with disbursement in March 2021 touching an all-time high and collections also at pre-covid levels.

However, the recent surge in infections along with localised and regional lockdowns is going to delay the return to normalcy. April 2021 collections remained at decent level since the first 15 days were broadly normal across the nation. Increase in localised and regional lockdowns may impact collection for the month of May 2021 and could dampen economic revival.

The Bank primarily focuses on the micro and small enterprises from the informal segment of the society. These tiny enterprises mostly engage in the non-discretionary consumption sectors that have shown resilience to economic cycles in the past and also during the first wave of pandemic.  During the first moratorium last year, about 90% of our borrowers availed the moratorium.  However, by end of the year, the collection efficiencies were back to the pre-covid levels.  These customer segments were the quickest to recover post lifting of lockdowns.  As the country opens up to livelihoods post the current phase of lockdowns, we believe our customers would once again show the same resilience as in the last year.”