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ESAFSFB2023-12-31in-bse-fin:OneReportableSegmentLiabilities06Member ESAFSFB2023-10-012023-12-31in-bse-fin:OneReportableSegmentLiabilities07Member ESAFSFB2023-12-31in-bse-fin:OneReportableSegmentLiabilities07Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 544020 ESAFSFB NOTLISTED INE818W01011 ESAF Small Finance Bank Limited Banking Format Equity 2023-04-01 2024-03-31 2024-02-08 2024-02-01 INR Lakhs Third quarter Multi segment 14:00:00 16:00:00 2024-02-08 2024-02-08 Not applicable 2023-10-01 2023-12-31 Unaudited Standalone 8783800000.00 939500000.00 20400000.00 0.00 9743700000.00 1199800000.00 10943500000.00 3774100000.00 893000000.00 3399500000.00 4292500000.00 8066600000.00 2876900000.00 1378400000.00 0.00 1498500000.00 377100000.00 1121400000.00 0.00 1121400000.00 1121400000.00 5147800000.00 10.00 0.00 0.185 0.0041 2.43 2.42 2.43 2.42 7132000000.00 3683100000.00 0.0416 0.0219 0.0051 2.The statement of unaudited financial results for the quarter and nine months ended 31 December 2023 ( Statement or financial results ) have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 8 February 2024 in accordance with the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the Regulations ) as amended. The results have been subjected to a limited review by the Joint Statutory auditors and an unmodified review report has been issued by them thereon. The comparative financial information of the Bank included in the Statement have been reviewed/ audited by M/s. Deloitte Haskins & Sells and M/s. Abarna & Ananthan (one of the present Joint auditors), who expressed an unmodified conclusion. 3. The above financial results of the Bank has been prepared in accordance with the Banking Regulation Act, 1949, generally accepted accounting principles in India, including accounting standards as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Accounting Standard) Rules, as amended ( Accounting Standard ) as applicable to the Banks, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, as amended and guidelines issued by Reserve Bank of India (RBI). 4. The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements for the year ended 31 March 2023. Any circular/ direction issued by RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/ directions. 5. The Capital adequacy ratio (“CRAR”) has been computed as per the Operating guidelines vide RBI notification RBI/2016-17/81 DBR.NBD.NO.26/16.13.218/2016-17 dated 6 October 2016 ( the Operating guidelines ) prescribed for Small Finance Bank. The Bank has followed Basel II standardised approach for credit risk in accordance with the operating guidelines issued by the RBI for Small Finance Banks. Further no separate capital charge for market risk and operational risk has been computed in view of the exception contained in RBI Notification DBR. NBD. NO. 4502/16.13.218/2017-18 dated 8 November 2017. 6 (i) During the nine months ended 31 December 2023, the bank has not acquired / transferred any loans not in default through assignment of loans. (ii) During the nine months ended 31 December 2023, the bank has not acquired/ transferred any stressed loans (Non-performing Asset and Special Mention Account). 7. The Bank was carrying an additional contingency provision on standard assets of Rs. 13.24 crore as on 31 March 2023 and further made a provision of Rs. 16.87 Crore during the nine months (Rs. 10.13 Crore during Quarter ended 31 December 2023 and Rs. 3.65 Crore during Quarter ended 30 September 2023) and consequetly the contingency provision on standard assets as at 31 December 2023 stands at Rs. 30.11 Crore. 8. Other income includes processing fee, profit/ loss on sale of investments (including provision for depreciation), recovery from loans written off, income from dealing in PSLC, Collection Agency Fees from Asset reconstruction Companies (ARC). 9. The Bank has completed the process of Initial Public Offer (IPO) and raised Rs. 39,070 Lakhs by issue of 653.06 Lakhs equity shares which got listed on BSE Limited ( BSE ) and National Stock Exchange of India Limited ( NSE ) on 10 November 2023. The Bank has incurred certain expenses towards its aforesaid issue of equity shares which would be charged-off to securities premium account in accordance with Section 52 of the Companies Act, 2013. 10.Figures for the previous period/year have been reclassified/regrouped wherever necessary, to conform to the current period classification. 2023-04-01 2023-12-31 Unaudited Standalone 25534300000.00 2592300000.00 37700000.00 0.00 28164300000.00 2919800000.00 31084100000.00 10374800000.00 2582500000.00 9346600000.00 11929100000.00 22303900000.00 8780200000.00 3661300000.00 0.00 5118900000.00 1296700000.00 3822200000.00 0.00 3822200000.00 3822200000.00 5147800000.00 10.00 0.00 0.185 0.0041 8.27 8.26 8.27 8.26 7132000000.00 3683100000.00 0.0416 0.0219 0.0174 Advertisement and publicity 181100000.00 Auditors' fees and expenses 2100000.00 BC expenses 1964500000.00 Depreciation 128800000.00 Directors' fees, allowances and expenses 7800000.00 Law charges 500000.00 Other Expenditure 827400000.00 Postage, Telegrams, Telephones 52700000.00 Printing and stationery 23500000.00 Rent, taxes and lighting 211100000.00 Advertisement and publicity 262600000.00 Auditors' fees and expenses 4700000.00 BC expenses 5549400000.00 Depreciation 374400000.00 Directors' fees, allowances and expenses 18500000.00 Law charges 11200000.00 Other Expenditure 2307400000.00 Postage, Telegrams, Telephones 139700000.00 Printing and stationery 57400000.00 Rent, taxes and lighting 621300000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 385400000.00 Retail 9234000000.00 Treasury 1110400000.00 Unallocated 0.00 Wholesale 213700000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 709500000.00 Retail 26864800000.00 Treasury 2888100000.00 Unallocated 0.00 Wholesale 621700000.00 10943500000.00 31084100000.00 0.00 0.00 10943500000.00 31084100000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 353200000.00 Retail 915000000.00 Treasury 152300000.00 Unallocated 0.00 Wholesale 78000000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 668700000.00 Retail 3831300000.00 Treasury 349600000.00 Unallocated 0.00 Wholesale 269300000.00 1498500000.00 5118900000.00 0.00 0.00 0.00 0.00 1498500000.00 5118900000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 0.00 Retail 166789800000.00 Treasury 66269900000.00 Unallocated 2500300000.00 Wholesale 7444600000.00 243004600000.00 0.00 0.00 243004600000.00 Capital & Reserves 24820500000.00 NA 0.00 Other Banking Operations 0.00 Retail 159664100000.00 Treasury 48491700000.00 Unallocated 3776300000.00 Wholesale 6252000000.00 243004600000.00 0.00 0.00 243004600000.00 2.The statement of unaudited financial results for the quarter and nine months ended 31 December 2023 ( Statement or financial results ) have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 8 February 2024 in accordance with the requirement of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the Regulations ) as amended. The results have been subjected to a limited review by the Joint Statutory auditors and an unmodified review report has been issued by them thereon. The comparative financial information of the Bank included in the Statement have been reviewed/ audited by M/s. Deloitte Haskins & Sells and M/s. Abarna & Ananthan (one of the present Joint auditors), who expressed an unmodified conclusion. 3. The above financial results of the Bank has been prepared in accordance with the Banking Regulation Act, 1949, generally accepted accounting principles in India, including accounting standards as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Accounting Standard) Rules, as amended ( Accounting Standard ) as applicable to the Banks, Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), 2015, as amended and guidelines issued by Reserve Bank of India (RBI). 4. The Bank has applied its significant accounting policies in the preparation of these financial results consistent with those followed in the annual financial statements for the year ended 31 March 2023. Any circular/ direction issued by RBI is implemented prospectively when it becomes applicable, unless specifically required under those circulars/ directions. 5. The Capital adequacy ratio (“CRAR”) has been computed as per the Operating guidelines vide RBI notification RBI/2016-17/81 DBR.NBD.NO.26/16.13.218/2016-17 dated 6 October 2016 ( the Operating guidelines ) prescribed for Small Finance Bank. The Bank has followed Basel II standardised approach for credit risk in accordance with the operating guidelines issued by the RBI for Small Finance Banks. Further no separate capital charge for market risk and operational risk has been computed in view of the exception contained in RBI Notification DBR. NBD. NO. 4502/16.13.218/2017-18 dated 8 November 2017. 6 (i) During the nine months ended 31 December 2023, the bank has not acquired / transferred any loans not in default through assignment of loans. (ii) During the nine months ended 31 December 2023, the bank has not acquired/ transferred any stressed loans (Non-performing Asset and Special Mention Account). 7. The Bank was carrying an additional contingency provision on standard assets of Rs. 13.24 crore as on 31 March 2023 and further made a provision of Rs. 16.87 Crore during the nine months (Rs. 10.13 Crore during Quarter ended 31 December 2023 and Rs. 3.65 Crore during Quarter ended 30 September 2023) and consequetly the contingency provision on standard assets as at 31 December 2023 stands at Rs. 30.11 Crore. 8. Other income includes processing fee, profit/ loss on sale of investments (including provision for depreciation), recovery from loans written off, income from dealing in PSLC, Collection Agency Fees from Asset reconstruction Companies (ARC). 9. The Bank has completed the process of Initial Public Offer (IPO) and raised Rs. 39,070 Lakhs by issue of 653.06 Lakhs equity shares which got listed on BSE Limited ( BSE ) and National Stock Exchange of India Limited ( NSE ) on 10 November 2023. The Bank has incurred certain expenses towards its aforesaid issue of equity shares which would be charged-off to securities premium account in accordance with Section 52 of the Companies Act, 2013. 10.Figures for the previous period/year have been reclassified/regrouped wherever necessary, to conform to the current period classification.