ESAF Small Finance Bank refiles IPO application; cuts issue size to Rs 629 crore financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The lender has cut down the issue size, which now comprises fresh issue equity shares aggregating to Rs 486.74 crore and an offer for sale (OFS) of Rs 142.3 crore, according to the draft red herring prospectus (DRHP) available with Sebi on Monday.
Get latest articles and stories on Latest News at LatestLY. ESAF Small Finance Bank has refiled preliminary papers with capital markets regulator Sebi to raise Rs 629 crore through an initial public offering (IPO). Latest News | ESAF Small Finance Bank Refiles IPO Paper; Lowers Issue Size to Rs 629 Crore.
Minister of State for Finance Bhagwat K Karad on Monday said banks need to focus on digitalisation and keep a vigil on stressed loans.
Bank should also undertake financial literacy and financial inclusion activities, he said after inaugurating the zonal office of ESAF Small Finance Bank
Chennai: ESAF Small Finance Bank posted a 452.40% increase in net profit to Rs. 302.33 crore for the year ended 31st March 2023. It was Rs. 54.73 crore during the previous year. The net profit for the quarter was Rs. 101.38 crore as against Rs. 37.41