India's ESAF Small Finance Bank falls as Q4 profit more than halves

ESAF Small Finance Bank

09/05/2024 08:09

** Shares of ESAF Small Finance Bank Ltd  EASF.NS  down 5.3%
to 56.75 rupees
    ** Private lender's Q4 profit more than halves YoY to 433.5
million rupees, dragged by 1.7x rise in provisions, and gross
bad loans ratio rising to 4.76% from 4.16%
    ** Around 2.3 mln shares traded, 1.8x 30-day avg volume
    ** Stock extends YTD losses to 17%


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))