Sale18 Jun 2025, 04:12 pm
ESAF Small Finance Bank Ltd Board Approves Sale of NPA and Technically Written-off Loans to ARC
AI Summary
ESAF Small Finance Bank Ltd announced the outcome of its Board meeting held on June 18, 2025. The Board approved the sale of Non-Performing Assets (NPA) and technically written-off loans to an Asset Reconstruction Company (ARC). The total pool size of these loans is 735.18 Crore, with 362.43 Crore being NPA and 372.75 Crore being technically written-off loans. The bank has an overall provision of 90.15% on this pool. The Asset Sale Committee of Executives has been authorized to complete the procedural requirements for this sale. The meeting commenced at 02:00 P.M. and concluded at 4:00 P.M.
Key Highlights
- ESAF Small Finance Bank Ltd Board approves the sale of NPA and technically written-off loans to ARC
- Total pool size of the loans is 735.18 Crore
- Bank has an overall provision of 90.15% on the pool
- Asset Sale Committee of Executives authorized to complete procedural requirements
- Meeting commenced at 02:00 P.M. and concluded at 4:00 P.M.