ESAF Small Finance Bank Ltd.'s total deposits rose 33.4% to Rs 20,887 crore in the first quarter of fiscal 2025, according to provisional figures released by the bank.
The bank's gross advances rose 30.04% on a yearly basis to Rs 18,783 crore during the quarter, compared to Rs 14,444 lakh crore in the same period last year, according to an exchange filing on Thursday.
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The Current Account Savings Account ratio—the proportion of deposits that come from low-cost current and savings accounts—rose to 23.59% from 18.22% in the year ago period. A higher CASA ratio indicates a lower cost of funds, since lenders don't usually give any interest on current account deposits and the interest on saving accounts is low.
Gross non-performing asset stood at 6.61% as of June 30, 2024, compared to 4.76% in the previous quarter. Net non-performing assets were at 3.22%.
Shares of the company closed 0.45% lower to Rs 52.66 apiece, compared to a 0.06% advance in the NSE Nifty 50.
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