ESAF Small Finance Bank surges on getting nod to sell NPA, written-off loans worth Rs 735.18 crore
ESAF Small Finance Bank is currently trading at Rs. 31.29, up by 0.89 points or 2.93% from its previous closing of Rs. 30.40 on the BSE.
The scrip opened at Rs. 32.23 and has touched a high and low of Rs. 33.83 and Rs. 31.10 respectively. So far 1628074 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 57.11 on 19-Jun-2024 and a 52 week low of Rs. 24.35 on 27-Mar-2025.
Last one week high and low of the scrip stood at Rs. 33.83 and Rs. 30.30 respectively. The current market cap of the company is Rs. 1609.68 crore.
The promoters holding in the company stood at 63.31%, while Institutions and Non-Institutions held 5.27% and 31.42% respectively.
ESAF Small Finance Bank’s board has approved a proposal for sale of NPA and written-off loans to Asset Reconstruction Company (ARC). The total value of the pool is Rs 735.18 crore which includes NPA worth Rs 362.43 crore and Rs 372.75 crore of Technical written off. The bank is carrying an overall provision of 90.15% on the said pool.
The Board of Directors of the company have authorized the Asset Sale Committee of Executives to complete the procedural requirement with respect to the sale of NPA and Technically written-off loans to ARC.
ESAF Small Finance Bank (ESAF SFB) the new age social bank continues to redefine the banking experience to all the stakeholders.
