ESAF is now ‘scheduled bank’

1. ESAF Small Finance Bank Ltd has received the RBI’s approval for inclusion in the second schedule of the RBI Act, 1934.
2. Now the bank can seek funds from trusts, associations, religious institutions, and mutual funds.
3. It will also enable the bank to avail higher refinance facility.
4. R Prabha is the Chairman of ESAF Small Finance Bank.
5. The headquarters of the bank is in Thrissur, Kerala.

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