ESAF Small Finance Bank Limited — Important, 30-01-2025: General Updates

The Reserve Bank of India (RBI) has superseded the Board of Directors of Aviom India Housing Finance Limited due to governance issues and defaults in payment obligations. The RBI appointed Shri Ram Kumar, an ex-Chief General Manager of Punjab National Bank, as the Administrator for Aviom. The resolution process under the Insolvency and Bankruptcy Rules is expected to commence soon. ESAF Small Finance Bank has an outstanding exposure of ₹ 28.33 crores to Aviom, which could impact its operations moving forward. Investors should monitor this situation closely for potential risks and implications on ESAF’s financial health.