ESAF is a Small Finance Bank mainly focusing on providing loans to rural and semi-urban customers.

About Company

Few microfinance companies, a local area banks and an NBFC as well as one urban co-operating bank have received permission to set up small finance banks (SFBs). The RBI awarded SFB licences to 12 players keeping in with the government’s focus on financial inclusion and inclusive banking.  

Industry Overview

Financial Performance 2021 (INR Crores)

Revenue          1,641.17  Expenses         1,663.03        Net income        105.40  Margin (%)              6.42 

Revenue          1,939.93           Expenses        2,092.78   Net income         54.73  Margin (%)             2.82  

Financial Performance 2022 (INR Crores)

Revenue          2,853.66            Expenses       2,839.24    Net income       302.33  Margin (%)          10.59 

Financial Performance 2023 (INR Crores)

IPO GMP

      Date                 GMP 3 Nov 2023            18  2 Nov 2023            12 

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