A few small finance banks are luring both new and old customers by offering more than 9% interest rate on their fixed deposits, thus, helping them amass considerable returns for the future.
The public offer was subscribed by a massive 73 times at close on strong demand from institutional investors. The QIB category was booked 173 times.ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers.