ESAF Small Finance Bank Plans to Raise ₹2.5 Billion Through NCDs

ESAF Small Finance Bank Limited has announced its intention to raise up to ₹2.5 billion through the issuance of Non-Convertible Debentures (NCDs). The fundraising will be conducted via private placement under Tier II Bonds, adhering to SEBI regulations. This move aims to strengthen the bank's capital adequacy ratio and support its operational requirements without altering its equity structure. The proposal is set to be discussed in a board meeting scheduled for March 21, 2025. ESAF Small Finance Bank remains committed to expanding its financial inclusion initiatives while ensuring compliance with regulatory guidelines.

Source: Angel One, Economic Times, ESAF Bank Official Reports