ESAF Small Finance Bank Q4 profit up over 3-fold

Kochi: ESAF Small Finance Bank has posted 234% increase in net profit for the year 2018-19. The net profit increase to Rs 90.28 crore from Rs 26.99 crore in the previous year.

Its interest income nearly doubled to Rs 1031.63 crore from Rs 596.83 crore. Advances increased 44% from previous year to Rs 4548.25 crore and deposits rose 41% to Rs 4317 crore. The bank was able to bring down net NPA to 0.77 % from 2.69%.

``The higher asset quality and higher interest returns contributed to the growth of bottom line. Our total branch network will cross 500 mark by 2020,’’ said K Paul Thomas, MD and CEO of ESAF Small Finance Bank.


As part of expansion, the bank is focusing on Uttar Pradesh and North East states.