Esaf Small Finance Bank eyes Rs 5,000 cr business in first yr
By 2020, we hope our balancesheet can grow to Rs 10,000 crore," K Paul Thomas, founder and chief executive of the Thrissur-based Esaf Small Finance Bank told
Kerala-based Esaf Small Finance Bank, which was launched recently, hopes to double its balancesheet to Rs 5,000 crore by the end of fiscal 2018.
The company, as a microlender has a balancesheet of Rs 2,500 crore when it got converted itself into a small finance bank which began operations on March 20, thereby becoming the first private sector lender in Kerala after the Independence.
"We hope to double our business to Rs 5,000 crore by the end of next financial year. We did a business of Rs 2,500 crore by mid-March. By 2020, we hope our balancesheet can grow to Rs 10,000 crore," K Paul Thomas, founder and chief executive of the Thrissur-based Esaf Small Finance Bank told
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)