ESAF Small Finance Bank posts Rs 27 crore profit for FY18

INSUBCONTINENT EXCLUSIVE:
Kochi: Kerala based ESAF Small Finance Bank has posted a net profit of Rs 27 crore in the first full year of operations ended March 2018
The total income earned touched Rs 699 crore for the year. With a client base of 2.3 million, the bank has crossed Rs 2,500 crore deposit
base and Rs
4,100 crore loans and advances
The micro banking assets crossed Rs 4,050 crore and the retail banking assets stood at Rs 50 crore. Commenting on the performance of the
8,000 crore loans and advances, 200 new retail banking outlets, 125 new ATMs across the country before the end of the FY 19
Finance Bank has more than 400 banking outlets, including 104 new retail banking outlets and 175 ATMs spread across 11 states and almost 100
districts in India.