Bengaluru, July 1 -- The company is a leading small finance bank known for its customer-centric approach and innovative financial solutions. In a significant move, it has recently approved the transfer of bad loans worth Rs. 733 crore to an asset reconstruction company at a steep 90% discount, aiming to clean up its balance sheet and strengthen financial health.

ESAF Small Finance Bank Limited's stock, with a market capitalisation of Rs. 1,771.52 crores, rose to Rs. 34.59, hitting a high of up to 6.9 percent from its previous closing price of Rs. 32.36. However, the stock over the past year has given a negative return of 35.5 percent.

NPA Status ESAF Small Finance Bank's Board of Directors approved the sale of a pool of Non-Performing A...