India's ESAF Small Finance Bank hits record low on Q2 loss

ESAF Small Finance Bank

14/11/2024 08:27

** Shares of ESAF Small Finance Bank  EASF.NS  fall as much
as 9.3% to 38.15 rupees, hitting their record low; last down ~6%
    ** Lender reports a net loss of 1.90 bln rupees ($22.51 mln)
in Sept-qtr compared to a profit of 1.4 bln rupees a year
earlier
    ** Asset quality degraded, with Q2 gross non-performing
assets ratio worsening to 6.98% from 6.61% three months earlier
    ** EASF on track for fifth straight session of losses, if
trends hold
    ** Busiest session since early July; more than 2.6 mln
shares change hands, over three times the 30-day avg 
    ** Stock down ~42% so far this year

($1 = 84.4025 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))