ESAF Small Finance Bank has a focus on unbanked and under-banked customer segments, especially in rural and semi-urban areas. The AUM grew from Rs 8,426 crore to Rs 16,320 crore from FY21-23, registering a CAGR of 39.22%, the highest CAGR among peers. For the three months ended June, the lender’s total income rose 34% year-on-year to Rs 992 crore, while net profit was up 22% to Rs 130 crore.
Northern Arc Capital IPO subscribed 2.87 times on Day 1. Check GMP, other details
Northern Arc Capital’s IPO, which opened for subscription on Monday, saw strong demand, especially from retail investors. The IPO was subscribed 2.87 times on the