New Delhi, June 19 -- ESAF Small Finance Bank share price in focus: ESAF Small Finance Bank ESFB) witnessed a sharp jump in its share price by 11.5%, hitting Rs.34 apiece in Thursday's trading session, marking its most significant intraday gain since February 2024.

The rally came after the bank informed the exchanges that its Board of Directors had approved the sale of a stressed asset pool worth Rs.735.18 crore to an Asset Reconstruction Company (ARC).

This pool includes Rs.362.43 crore in non-performing assets (NPAs) and Rs.372.75 crore in technically written-off loans, with a high provisioning coverage of 90.15%. The move is seen as a step toward balance sheet cleanup and improved asset quality. The board has also authorized the Asse...