INDIA, Nov. 25 -- Known for providing inclusive banking services to underserved communities, this small finance bank is in focus as its promoter revises a Scheme of Arrangement to lower shareholding in compliance with RBI norms. The proposal now awaits approvals from the RBI and National Company Law Tribunal.

ESAF Small Finance Bank Limited's stock, with a market capitalisation of Rs. 1,350 crores, fell to Rs. 25.91, hitting a low of up to 2 percent from its previous closing price of Rs. 26.44. Furthermore, the stock over the past year has given a negative return of 33.9 percent.

Change in Promoter stake The company received a revised Scheme of Arrangement from its Promoter, ESAF Financial Holdings, which aims to comply with RBI regulat...