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 bank, K Paul Thomas, MD and CEO said, The bank plans to achieve Rs 7,000 crore deposit, Rs.
8,000 crore loans and advances, 200 new retail banking outlets, 125 new ATMs across the country before the end of the FY 19.
ESAF Small Finance Bank also plans to cover five more states in the north east and central India region soon.As on date, ESAF Small 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.