Sale30 Jun 2025, 08:51 pm
ESAF Small Finance Bank Ltd sells NPA and Technically written-off loans to Asset Reconstruction Company for ¥73.34 Crore
AI Summary
ESAF Small Finance Bank Ltd has sold its Non-Performing Assets (NPA) and Technically written-off loans to an Asset Reconstruction Company (ARC) for a consideration of ¥73.34 Crore. The sale was conducted following the Swiss Challenge Method, with the outstanding amount of the portfolio being ¥733.40 Crore as of March 31, 2025. The bank had previously informed about the approval of the Board to proceed with the sale on June 18, 2025.
Key Highlights
- ESAF Small Finance Bank Ltd sells its NPA and Technically written-off loans to an Asset Reconstruction Company
- The sale is conducted following the Swiss Challenge Method
- The outstanding amount of the portfolio is ¥733.40 Crore as of March 31, 2025
- The consideration amount for the sale is ¥73.34 Crore
- The announcement is in compliance with the SEBI (LODR) Regulations, 2015