ESAF Small Finance Bank Ltd
ESAF Small Finance Bank Ltd Company History
ESAF Small Finance Bank The Bank provides micro, retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to treasury and permitted foreign exchange business.
2016
Received RBI Final Approval for commencement of banking operations
Incorporation of the Bank
2016
2017
Commenced the banking operations
2017
2018
Crossed 2.00 million borrowers
Bank became a member of the Global Alliance for Banking on Values
Received RBI approval for maintaining non-resident rupee account
Inclusion of the Bank in the second schedule of the RBI Act
Selected by the GoI for Atal Pension Yojana
Crossed 100 Branches in aggregate
2018
2019
Crossed 400 Branches in aggregate
Banking business (advances and deposits) crossed over Rs. 100,000 million
2019
2020
Crossed 500 Branches in aggregate
2020
2021
Banking business (advances and deposits) crossed over Rs. 150,000 million
2021
2022
Crossed a customer base of 6.00 million
Gold Loan Portfolio crossed 10,000 million
Opened 150 unbanked rural centres
2022
2023
Launched Rainbow Savings Account exclusively for the transgender community
Opened 700th branch
Authorized to deal in foreign exchange by the RBI by virtue of the Authorized Dealer  Category I license issued by the RBI
Launched WhatsApp Banking
Implemented e-signature for Micro Loan disbursals
2023
