Esaf

A penalty of Rs 1.20 crore has been slapped on Dhanlaxmi Bank for non-compliance with certain directions on 'Loans and Advances' Statutory and Other Restrictions', KYC and certain norms related to interest rate on deposits, the Reserve Bank of India (RBI) said.

ESAF small fin bank: The bank is set to ride the economic upcycle well | Stock Of The Day

Esaf SFB’s book dominated by Kerala and microfinance is gradually undergoing a change with geographical diversification and addition of other high yielding products. Strong macro should lower slippage to NPA and operating leverage should lower costs that stand to support RoA expansion.

LIVE: ESAF small finance bank IPO opens today | Boasts of AUM CAGR of 39% highest among peers

IPO of ESAF Small Finance Bank will open for subscription from 3rd till 7th November. The IPO comprises a fresh equity issue of Rs 391 crore and an offer for sale (OFS) of Rs 72 crore, aggregating up to Rs 463 crore. PNB MetLife and Bajaj Allianz Life will be looking to sell their stake.The lender has fixed a price band of Rs 57-60 per equity share for the IPO. Moneycontrol's Nickey Mirchandani speaks with Kadambelil Paul Thomas, MD & CEO and Gireesh C.P., CFO about the upcoming IPO

Banking wrap: SBI says banks to pay price if any telco files for bankruptcy; Yes Bank in talks with investors for fund raising

Updates from the banking sector: RBI MPC may extend pause on inflation concerns; ESAF SFB hunts for marquee investors for pre-IPO fund raising

ESAF Microfinance Selects IBM's Managed Resiliency Services Solution

The solution will provide a wide range of managed business continuity and disaster recovery services to reduce risks and improve availability while controlling operational expenses.