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Informative

ESAF Small Finance Bank sees worst fundamental deterioration, after debut on Dalal Street

Update / Judgement Date

07 Jul 2024

Source

CNBC TV18

Author

Team — WCP Legal Desk

Reading Time

1 min read

BankingRBI

Thrissur-based ESAF Small Finance Bank has faced severe asset quality deterioration since its stock market debut in November 2023. GNPA surged from ₹238 crore (1.65% ratio) in Q1FY24 to ₹1,242 crore (6.61% ratio) in Q1FY25, while NNPA increased from ₹116 crore (0.81% ratio) to ₹584 crore (3.22% ratio). The bank's regulatory challenges and reliance on ESMACO, its key business correspondent, have exacerbated these issues.