ESAF Small Finance Bank Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ESAF Small Finance Bank’s loan book stood at INR19,643 Cr in Q4 FY25, stable YoY with strong secured lending (52% of portfolio) offsetting microloan declines and write-offs. Disbursements rose 30% to INR6,878 Cr (85% secured). Deposits grew 17% to INR23,276 Cr; CASA ratio improved to 24.8%. NIM slipped to 6.9%; credit cost elevated by INR331 Cr provisions mainly on microfinance. Gross NPA steady at 6.9%, net NPA at 2.9%. Management targets 15-20% loan growth and expects profitability return by H2 FY26. Digital push via ESAF 2.0 and branch expansion focus on rural markets, while gold loans and secured lending drive healthier asset quality. Microfinance remains a cautious area with recovery underway.