Pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ESAF Small Finance Bank has informed that the Board of Directors of the Bank today has approved a proposal for sale of NPA and written-off loans to Asset Reconstruction Company (ARC) as listed below: 1) Pool size of ? 735.18 Crore [ ? 362.43 Crore NPA and ? 372.75 Crore Technically written off]. 2) Bank carries an overall provision of 90.15 % on the above pool. The Board of Directors have authorized the Asset Sale Committee of Executives to complete the procedural requirement with respect to the sale of NPA and Technically written-off loans to ARC. The Board Meeting commenced at 02:00 P.M. and concluded at 4:00 P.M. The company shall separately intimate as and when the aforesaid proposed deal is completed. The copy of the disclosure is also being made available on the website of the Bank at https://www.esafbank.com/investor-relation/?id=disclosure-to-stock-exchanges.
The above information is a part of company’s filings submitted to BSE.
