ESAF Small Finance Bank shares surged over 11% today after its board approved the sale of ₹735 crore worth of non-performing assets (NPAs) to an Asset Reconstruction Company (ARC). This strategic move is aimed at cleaning up the balance sheet and boosting investor confidence in the bank’s asset quality.
The market has reacted positively to the decision, viewing it as a proactive step toward improving the bank’s financial health. Analysts believe this NPA resolution could pave the way for stronger credit growth and may even improve future earnings, making ESAF a stock to watch in the coming quarters.
