ESAF Small Finance Bank’s board has approved a proposal for sale of NPA and written-off loans to Asset Reconstruction Company (ARC). The total value of the pool is Rs 735.18 crore which includes NPA worth Rs 362.43 crore and Rs 372.75 crore of Technical written off. The bank is carrying an overall provision of 90.15% on the said pool.
The Board of Directors of the company 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.
ESAF Small Finance Bank (ESAF SFB) the new age social bank continues to redefine the banking experience to all the stakeholders.
