ESAF Small Finance Bank Limited — Important, 22-10-2024: General Updates

ESAF Small Finance Bank has received an ESG rating of CareEdge-ESG 2, scoring 68.1. The rating highlights the bank's commitment to ESG stewardship, workforce diversity, financial inclusion, and sustainability, significantly impacting rural communities. Notably, ESAF allocates 92% of its advances towards priority sectors and exceeds CSR requirements. However, the rating is tempered by the absence of third-party verified data and other factors related to board diversity and environmental policies. Full rating rationale is available on the bank's website.