In 2017, ESAF Microfinance, a non-banking finance company and microfinance institution, transformed into a small finance bank. It focuses on expanding the banking horizon to new unbanked/underbanked areas, yet it stands as a bank for all with a presence in urban, semi-urban, rural, and rural unbanked areas.
ESAF has adopted a unique social business strategy, with a triple bottom line approach, emphasizing People, Planet, and Prosperity. For every rupee invested in ESAF, studies by international agencies revealed that the Social Return on Investment stood at Rs. 3.19.
ESAF is committed to fostering a positive impact in society and the community. Its services are designed to effectively promote financial inclusion throughout the community
Latest News on ESAF Bank
Small finance banks offer attractive returns on Fixed Deposits, with interest rates up to 9%!
The Reserve Bank of India’s recent 25 basis points cut in the repo rate has triggered a surge in interest rates offered by small finance banks (SFBs), making them attractive options for fixed deposit (FD) investors seeking higher returns. These SFBs, designed to promote financial inclusion, are now offering competitive rates, with some exceeding 9% for specific tenures. Here’s a breakdown of the top SFBs offering attractive FD rates:
* Unity Small Finance Bank: 9% for deposits with a tenure of 1001 days and 7.85% for one-year FDs
* NorthEast Small Finance Bank: 9% for deposits ranging from 18 months to 36 months and 7% for one-year FDs
* Suryoday Small Finance Bank: 8.6% for five-year deposits and 8.25% for one-year FDs
* Utkarsh Small Finance Bank: 8.5% for deposits of 2-3 years and 8% for one-year FDs
* ESAF Small Finance Bank: 8.38% for 888-day deposits, although their one-year option is lower at 6%
It’s essential to note that deposits in SFBs are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to ₹5 lakh, providing a safety net for depositors. However, experts advise caution when investing in these banks, which operate under different regulations than traditional commercial banks. To mitigate risks, investors are recommended to limit their deposits to the insurer’s coverage, ensuring the safety of their investments while still benefiting from the higher interest rates offered by these institutions.
Tata Power Renewable Energy’s Microgrid division partnered with ESAF Small manuscript.
Tata Power Renewable Microgrid Limited (TPRMG), a subsidiary of Tata Power Company, has partnered with ESAF Small Finance Bank to promote the adoption of clean and efficient energy solutions in rural India. The partnership aims to empower rural communities and entrepreneurs by providing affordable financing options, promoting renewable energy-based solutions, and fostering energy entrepreneurship. ESAF Small Finance Bank, which operates in 24 states and 2 union territories, serves over 9.1 million customers, mainly from unserved and underserved geographies.
Under the collaboration, TPRMG and ESAF Bank will work together to enhance accessibility to sustainable energy solutions for rural communities and entrepreneurs. The partnership will promote energy entrepreneurship, provide trained professionals to support clean energy initiatives, and contribute to the transition to renewable energy. ESAF Bank will offer affordable financing schemes to rural micro-entrepreneurs, enabling them to adopt renewable energy solutions, while TPRMG will provide expertise in designing, supplying, and installing renewable energy solutions.
The partnership will also drive the deployment of innovative renewable energy technologies to provide reliable and affordable energy solutions to rural micro-entrepreneurs. Both organizations will collaborate on public policy advocacy initiatives aligned with India’s Net Zero plans, reinforcing their focus on ESG-driven growth.
The CEO of TPRMG, Manoj Gupta, stated that the partnership marks a significant step towards enabling rural communities to access clean, efficient, and affordable renewable energy. The MD and CEO of ESAF Small Finance Bank, K. Paul Thomas, added that the collaboration aims to empower underserved rural areas, enhance energy security, and support micro-entrepreneurs with sustainable energy solutions.
This strategic alliance between TPRMG and ESAF Bank is expected to create a meaningful impact in rural India by facilitating access to energy-efficient decentralized renewable technologies and solutions for rural entrepreneurs, promoting economic growth, and contributing to the country’s carbon neutrality objectives.
Tata Power’s subsidiary has partnered with ESAF Small Finance Bank through a Memorandum of Understanding (MoU).Let me know if you’d like me to suggest more!
Tata Power Renewable Microgrid Limited (TPRMG), a subsidiary of Tata Power Company, has partnered with ESAF Small Finance Bank to promote the adoption of clean and efficient energy solutions in rural India. The Memorandum of Understanding (MoU) aims to empower rural communities and entrepreneurs by providing access to renewable energy-based solutions, affordable financing options, and fostering energy entrepreneurship. ESAF Small Finance Bank, with its presence in 24 states and 2 UTs, serves over 9.1 million customers, primarily from underserved areas.
The partnership will enable the deployment of innovative renewable energy technologies, provide reliable and affordable energy solutions to rural micro-entrepreneurs, and support the country’s transition to renewable energy. ESAF Small Finance Bank will offer affordable financing schemes, while TPRMG will provide expertise in designing, supplying, and installing renewable energy solutions.
The collaboration is expected to create a significant impact in rural India, promoting economic growth, and contributing to the country’s carbon neutrality objectives. Shri Manoj Gupta, CEO of TP Renewable Microgrid, and Shri K. Paul Thomas, MD & CEO of ESAF Small Finance Bank, highlighted the importance of the partnership, emphasizing the need to enhance energy accessibility, promote skilling and entrepreneurship, and drive India’s renewable energy transition at the grassroots level.
The strategic alliance between TPRMG and ESAF Small Finance Bank is expected to create a meaningful impact, facilitating access to energy-efficient decentralized renewable technologies and solutions for rural entrepreneurs, promoting economic growth, and contributing to the country’s green energy goals. The partnership marks a significant step towards India’s sustainable energy future, aligning with the country’s Net Zero plans and reinforcing the focus on ESG-driven growth.
ESAF Small Finance Bank Publishes Quarterly Earnings Call Transcript for Q3 2025
ESAF Small Finance Bank, a small finance bank in India, has released its earnings call transcript for the third quarter of 2022-2023 (Q3 FY25). The transcript provides insights into the bank’s performance during the quarter and its outlook for the future.
Here are the key highlights from the transcript:
* Profit After Tax (PAT) stands at Rs. 226.36 crore, an increase of 34.14% year-on-year
* Net Interest Income (NII) increased 27.44% year-on-year to Rs. 442.87 crore
* Gross NPA (Non-Performing Asset) ratio improved to 7.21% from 8.63% sequentially
* Net NPA ratio improved to 3.45% from 4.21% sequentially
* Capital Adequacy Ratio (CAR) stands at 15.33%, above the regulatory requirement of 10.25%
* Asset Quality Markers such as Gross NPA and Net NPA have shown significant improvement, reflecting the bank’s efforts to strengthen its risk management
Management’s commentary on the Q3 performance and outlook was positive, with the CEO stating that the bank has been able to “leveraging the growth momentum” in its core businesses and that the new initiatives are showing “encouraging traction”. The bank is optimistic about its future prospects, citing growth in itsيلりに系aritive segments and initiatives to further strengthen its risk management.
Analysts have reacted positively to the results, with some upgrading their target prices and maintain their “buy” ratings. The average target price has been revised to Rs. 1,160, indicating a potential upside of around 25%.
Overall, the Q3 FY25 earnings call transcript suggests that ESAF Small Finance Bank is showing signs of stability and growth, particularly in its core businesses. The bank’s efforts to improve its risk management have been effective, and its net interest income and profitability have increased significantly. With an optimistic outlook from management and positive analyst sentiment, investors may see this as a good time to invest in the bank’s future growth prospects.
Sähköauton turvallisuutta edistävä Esaf-järjestelmä käyttää ilmasta johdettua hiilidioksidia sähköajoneuvon energialähteeksi.
A demonstration project in Finland is using carbon dioxide (CO2) captured directly from the air to develop sustainable aviation fuel (eSAF). Soletair Power, a Finnish direct air capture (DAC) company, has delivered a batch of CO2 extracted from ambient air to Liquid Sun, a CO2 utilization specialist, to help refine synthetic aviation fuel feedstocks. This project is part of Liquid Sun’s industrial demonstration of eSAF technology, using low-temperature electrolysis to convert CO2 into fuel.
This collaboration aims to utilize CO2 captured from the air to produce eSAF, which could significantly reduce the aviation industry’s carbon footprint. Finland is a leader in carbon capture, utilization, and storage (CCUS) technologies, with plans to reach carbon neutrality by 2035. The country is actively promoting CCUS through various projects, including the use of biogenic CO2 from industries like forestry and waste incineration to create materials like plastics, chemicals, and fuels.
Finland is also working with neighboring Norway on the permanent storage of CO2 beneath the seabed, which aligns with Norway’s ‘Longship’ project, including the Northern Lights CO2 storage facility, the first cross-border, open-source CO2 transport and storage infrastructure network in Europe. This collaboration demonstrates the country’s commitment to reducing greenhouse gas emissions and supporting the development of sustainable technologies. The success of this demonstration project could pave the way for further applications of CO2 capture and utilization in the aviation and energy sectors.
Stock Market Updates of ESAF Bank
Recent Updates
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.