ESAF Small Finance Bank reports strong Q2 growth alongside ₹625 crore technical NPA write-offs
As filed · ESAF Small Finance Bank Limited has informed the Exchange about Key Business Updates for the Quarter ended September 30, 2026.
What happened
FactESAF Small Finance Bank reported provisional September 30, 2026 figures showing total deposits up 24.34% year on year to ₹28,466 crore and gross advances up 25.05% to ₹23,931 crore. The bank undertook technical write-offs of NPAs amounting to ₹625 crore during Q2; excluding these, it said advances would have been ₹24,556 crore, with year-on-year growth of 28.32%.
Why it matters
CapitSignal interpretationProduction and sales volumes are the operating data behind the next set of reported numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
ContradictedTotal deposits stood at `25,850 crore, registering a year-on-year growth of 11% over `23,276 crore.
Retail deposits recorded a healthy growth of 9%, increasing from `21,640 crore to `23,674 crore.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Volume trend against the prior period
Evidence
- ESAF Small Finance Bank Limited has informed the Exchange about Key Business Updates for the Quarter ended September 30, 2026.(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- The filing indicates continued deposit and loan growth, but the ₹625 crore technical NPA write-off is important context for reported advances growth. The lower CASA ratio also points to a changed deposit mix, while the figures remain provisional and subject to limited statutory auditor review.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%