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ESAF Small Finance Bank reviews Rs 130-crore web revenue in H1

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ESAF Small Finance Bank on Wednesday reported a web revenue of Rs 130.42 crore for the primary half of FY21, a rise of 41% from Rs 92.44 crore reported within the April-September interval of 2019-20.

Okay Paul Thomas, MD and CEO, mentioned: “The bank has performed well during the period and I believe the results show that micro entrepreneurs are in a recovery mode after the pandemic-induced slowdown…”

The Thrissur-based lender mentioned gross NPAs as a proportion of gross advances decreased from 1.76% as on September 30, 2019 to 1.32% as on September 30, 2020 and web NPAs as a proportion of web advances declined from 0.62% to 0.19%.

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