Hyderabad, 14 September, 2020 (GPN): In another major development that underlines its commitment to reach out to more population across the country, ESAF Small Finance Bank has launched operations in Telangana. The first branch of the bank in the state was opened at Vengarai Nagar, Hyderabad by Maganti Gopinath , MLA Jubilee Hills Assembly constituency. This is the 475th Branch of ESAF which has presence across 18 states and a union territory. The expansion underlines its mission to provide responsive banking services to the public and entrepreneurs alike.

The newly opened Hyderabad branch has safe deposit lockers and other facilities. Dr.S.Balakrishnam Raju , Former Chairman of Central Advisory Contract Labour Board, Ministry of Labour and Chairman, Govt ITI Bhimavaram IMC society, Alluri Sitaramaraju, Former General Secretary for Rain Tree Park Welfare Association, K. Suresh, Organising Secretary, Telangana Hotels Association and Vinod Menon, Assistant Vice President & Cluster Head, ESAF Small Finance Bank were also present. ENDS

About ESAF Small Finance Bank

We are one of the leading small finance banks in terms of yield on advances, AUM growth rate and share of retail deposits. (Source: CRISIL Research Report). Along with our Promoters, we have a history of more than 25 years of primarily serving the unserved and underserved, with a focus on financial inclusion. Our business model focuses on the principles of responsible banking, providing customer-centric products and services through the extensive application of technology.