ESAF Small Finance Bank Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

ESAF Small Finance Bank saw Q2 disbursements more than double YoY to INR 8,913 Cr, primarily led by gold and MSME loans. Secured assets now form 61% of gross advances, up from 39% a year ago, aligning with a de-risking strategy targeting 65% by year-end. Deposits grew 6% YoY, with retail deposits up 11% and CASA improving to 26.4%. Gross NPA stands at 8.5%, Net NPA at 3.8%, and provision coverage at 74.4%. Slippages moderated to INR 340 Cr. Management expects positive quarterly ROA in FY26 (Q3/Q4) and targets 20-25% loan book growth with continued focus on quality and operational efficiency.