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ESAF Small Finance Bank opens in Kerala

ESAF Small Finance Bank opens in Kerala

Saturday, March 18, 2017, 10:05 AM

ESAF Small Finance Bank, Kerala’s first small finance bank, is targeting businesses worth R20,000 crore by 2020. Kerala CM Pinarayi Vijayan on Friday inaugurated SFB in Thrissur. ESAF Microfinance is among 10 financial services firms selected by RBI for setting up small finance banks. The new bank is offering interest rates of between 5.75% and 9% for term deposits of varying maturities.
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