ESAF Small Finance Bank reports 24.69% YoY growth in deposits to ₹21,717 crore

ESAF Small Finance Bank reported a 24.69% year-on-year (YoY) increase in total deposits, reaching ₹21,717 crore as of September 30, 2024, up from ₹17,416 crore on the same date in 2023. The bank’s Current Account and Savings Account (CASA) deposits saw significant growth of 69.25% YoY, rising to ₹5,319 crore compared to ₹3,143 crore in the previous year. The CASA ratio stood at 24.49% as of September 2024.

The gross advances of the bank also grew, showing a 24.09% YoY increase to reach ₹18,767 crore, compared to ₹15,123 crore as of September 2023. A notable rise was seen in gold loans, which grew by 59.33% YoY, reaching ₹3,741 crore compared to ₹2,348 crore in the prior year. Retail and other loans increased by 51.78% YoY, standing at ₹3,485 crore.

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The bank’s distribution network comprised 756 branches and 646 ATMs as of September 30, 2024. The customer base expanded to 89.41 lakh customers, with 5.68 lakh customers added in the half-year period ending September 2024.