ESAF small finance bank has got RBI approval to operate as a scheduled bank. This makes ESAF small finance bank (SFB) the fifth scheduled bank from Kerala.
ESAF microfinance institution, started in 1992, was one among the ten applicants to receive approval from RBI to start banking operations in 2016.
Source: The Economic Times
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- MD and CEO of the ESAF SFB: K Paul Thomas, Headquarters: Thrissur.