ESAF Small Finance Bank Q3 Update: Deposits up 7% to ₹24,006 crore, advances grow 13%

Thrissur-based private lender, ESAF Small Finance Bank Ltd, on Monday (January 5) reported an increase in deposits and advances for the quarter ended December 31, 2025.

Total deposits rose 7.10% year-on-year to ₹24,006 crore as of December 31, 2025, compared with ₹22,415 crore a year earlier. On a quarter-on-quarter basis, deposits increased 4.86% from ₹22,894 crore as of September 30, 2025.

Term deposits stood at ₹17,976 crore, up 6.85% year-on-year, while CASA deposits increased 7.83% year-on-year to ₹6,030 crore. The CASA ratio improved to 25.12% as of December 31, 2025, from 24.95% a year earlier, though it declined from 26.41% in the previous quarter.

Also Read: ESAF Small Finance Bank transfers ₹1,694-crore NPA portfolio to ARCs for ₹183 crore

Gross advances increased 13.06% year-on-year to ₹20,680 crore as of December 31, 2025, and were higher by 8.06% on a quarter-on-quarter basis. Micro-loans declined 24.16% year-on-year to ₹7,583 crore, while retail and other loans rose 57.95% year-on-year to ₹13,097 crore.

The bank said secured advances, which include gold loans, mortgage, mobility, MSME and agriculture loans, constituted 63.33% of gross advances as of December 31, 2025, compared with 45.33% a year earlier.

The bank undertook technical write-offs and sales of non-performing assets amounting to ₹1,364 crore during the period from January 1, 2025, to December 31, 2025. It said that without these actions, year-on-year growth in advances would have been 20.52%, and quarter-on-quarter growth would have been 11.05%. During the quarter, disbursements increased 46.1% on a quarter-on-quarter basis.

Also Read: ESAF Small Finance Bank clears sale of up to ₹1,700 crore NPAs to ARC

ESAF Small Finance Bank’s customer base stood at 99.85 lakh as of December 31, 2025, with 5.71 lakh new customers added during the year. Its distribution network comprised 788 branches, 720 ATMs and 1,045 customer service centres across 24 states and two union territories.

During the quarter, the bank completed transactions involving the sale of non-performing assets, including technical write-off book amounts aggregating ₹1,693.65 crore, to asset reconstruction companies for a total consideration of ₹183.18 crore.

Separately, following the retirement of Ravimohan Periyakavil Ramakrishnan after completing two consecutive terms as part-time chairman, the bank appointed Karthikeyan Manickam as its new part-time chairman.

Shares of ESAF Small Finance Bank Limited ended at ₹26.85, up by ₹0.080, or 0.30%, on the BSE.