Sale18 Jun 2025, 04:18 pm
ESAF Small Finance Bank Ltd. to Sell NPA and Technically Written Off Loans Worth 735.18 Crore to ARC
AI Summary
ESAF Small Finance Bank Ltd. has approved a proposal for 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 bank's Asset Sale Committee of Executives has been authorized to complete the procedural requirements for this sale. The board meeting for this decision took place from 2:00 P.M. to 4:00 P.M.
Key Highlights
- ESAF Small Finance Bank Ltd. to sell NPA and technically written-off loans worth 735.18 Crore to ARC
- The bank has an overall provision of 90.15% on the 735.18 Crore pool
- The bank's Asset Sale Committee of Executives authorized to complete procedural requirements
- The board meeting for this decision took place from 2:00 P.M. to 4:00 P.M