ESAF Small Finance Bank Limited to sell loans to ARC

The Board of Directors of ESAF Small Finance Bank Limited today has approved a proposal for sale of NPA and written-off loans to Asset Reconstruction Company (ARC) as listed below:

- Pool size of ₹ 735.18 Crore [ ₹ 362.43 Crore NPA and ₹ 372.75 Crore Technically written off]

- Bank carries an overall provision of 90.15 % on the above pool.

Shares of ESAF Small Finance Bank Limited was last trading in BSE at Rs. 30.40 as compared to the previous close of Rs. 30.93. The total number of shares traded during the day was 22096 in over 289 trades.

The stock hit an intraday high of Rs. 31.29 and intraday low of 30.30. The net turnover during the day was Rs. 679074.00.

Source : Equity Bulls

Keywords

ESAFSmallFinanceBank INE818W01011 ESAFSFB NPA WriteOffLoans Sale ARC