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ESAF Small Finance Bank to be launched tomorrow

Press Trust of India  |  Kochi 

ESAF Small Bank, Kerala's first private sector since the country's independence, will be launched by Chief Minister in Thrissur tomorrow.

ESAF Small Bank, which is planning to set up 85 branches in the first year, will open with15 branches on the inaugural day, a release said today.

ESAF Microfinance, the promoters of ESAF Small Bank, is one of the 10 firms selected by the RBI for setting up small finance bank, which was conceptualised by the country's apex to further financial inclusion.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 16 2017. 20:13 IST