Tag: ESAF Small Finance Bank

ESAF Small Finance Bank reports 28.07% increase in operating profit

ESAF Small Finance Bank reports 28.07% increase in operating profit

Banking, Finance, Insurance, News
Mumbai: ESAF Small Finance Bank has declared its annual results for the FY 2020-21 and has recorded a 28.07 % increase in its operating profit for the year ended March 31, 2021. The Operating profit increased from 324.70 crores to 415.84 crores despite the challenges faced during the year. Deposits have grown by 28.04% from ` 7028 Crore as at 31 March 2020 to` 8999 Crore for the year ended 31 March 2021. Total CASA improved to ` 1748 Crores from ` 960 Crores marking a growth of 81.99% over the same period last year. CASA proportion to Deposits also significantly improved from 13.55% for the Year ended 31 March 2020 to 19.42% for the year ended 31 March 2021. The Net Profit of the Bank for the year ended 31 March 2021 stood at ` 105.40 Crore as compared to ` 190.39 over the same period las...