This pool, in a technically written account, consists of a bad assets (NPA) and 362.43 crores of Rs 372.75 crores. The bank noted that there is 90.15% provisioning coverage for the entire pool.
The board has authorized the management’s Asset Sales Committee to carry out the necessary procedures to complete the transaction. The name of the Ark and specific terms of sale have not been revealed.
Separately, ESAF Small Finance Bank has entered into a partnership with Maruti Suzuki India to provide retail financing solutions for new, used and commercial vehicles.
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The companies have signed a memorandum of understanding (MOU) to provide flexible and accessible financing options, particularly for first-time buyers. According to the company’s statement, the partnership leverages the combined ESAF SFB and Maruti Suzuki network across Tier II and Tier III cities to enhance vehicle ownership opportunities for a wider customer base.
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Technical indicators:
The relative strength index (RSI) stands at 43.8, indicating that inventory is not over-acquired or over-sold. The MACD is 0.7, remaining above the centerline, but below the signal line. The stock is currently below the simple moving average of 10, 20 and 200 days, and above the 50 and 100 days SMA.
ESAF Small Finance Bank shares have won around 13.5% over the past three months, but have fallen 43% over the past 12 months. The company’s market capitalization is currently around Rs 1,566.9.
(Disclaimer: The recommendations, suggestions, opinions and opinions given by experts are their own. (These do not represent views of the economic era)
