trending Market Intelligence /marketintelligence/en/news-insights/trending/So4Ep9vSgs2h8JgsFMtFKg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

ESAF Small Finance Bank eyes IPO, plans to open more branches

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


ESAF Small Finance Bank eyes IPO, plans to open more branches

ESAF Small Finance Bank Ltd. is considering an IPO in 2021 and is planning to open more branches, The Hindu Business Line reported Jan. 9, citing K Paul Thomas, the bank's CEO and managing director.

The bank is looking at an IPO by June 2021, with the bank hoping to "hit the market at the right time," Thomas said.

ESAF Small Finance also plans to open another 165 branches in the current fiscal year and will expand into two new states in India, Gujarat and West Bengal.

Meanwhile, the bank entered into a strategic partnership with PNB MetLife India Insurance Co. Ltd. The agreement will allow ESAF Small Finance to offer the insurer's products to its customers through its branch network.