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ESAFSFB2024-03-31in-bse-fin:OneReportableSegmentLiabilities06Member ESAFSFB2024-01-012024-03-31in-bse-fin:OneReportableSegmentLiabilities07Member ESAFSFB2024-03-31in-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 2024-05-08 2024-04-30 INR Lakhs Yearly Multi segment 14:30:00 19:15:00 2024-05-08 2024-05-08 true Cash Flow Indirect Declaration of unmodified opinion 2024-01-01 2024-03-31 Audited Standalone 9079000000.00 937100000.00 3900000.00 0.00 10020000000.00 1498400000.00 11518400000.00 4112500000.00 1047200000.00 3511900000.00 4559100000.00 8671600000.00 2846800000.00 2261500000.00 0.00 585300000.00 151800000.00 433500000.00 0.00 433500000.00 433500000.00 5147800000.00 10.00 0.00 0.1932 0.0038 0.91 0.91 0.91 0.91 8930400000.00 4137900000.00 0.0476 0.0226 0.0017 4.The statement of audited financial results for the quarter and year ended 31 March 2024 have been reviewed by ACB and approved by the Board of Directors at their meeting held on 8 May 2024 in accordance with the requirement of Regulation 33 and Regulation 52 of the SEBI (LODR) Regulations, 2015, as amended. The results have been subjected to a audit 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. 5. 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 as applicable to the Banks, SEBI (LODR), 2015, as amended and guidelines issued by RBI. 6. 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. 7. The Capital adequacy ratio 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. 8. The Board of Directors at its meeting held on 8 May 2024 , has proposed a dividend of Rs. 0.70 per share ( Previous Year: Nil per share) for the year ended 31 March 2024, subject to approval of the shareholders at the ensuing Annual General Meeting. Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratios as on 31 March 2024. 2023-04-01 2024-03-31 Audited Standalone 34613200000.00 3529500000.00 41600000.00 0.00 38184300000.00 4418200000.00 42602500000.00 14487300000.00 3629700000.00 12858600000.00 16488300000.00 30975600000.00 11626900000.00 5922800000.00 0.00 5704100000.00 1448400000.00 4255700000.00 0.00 4255700000.00 4255700000.00 5147800000.00 10.00 12596500000.00 0.00 0.1932 0.0038 8.96 8.94 8.96 8.94 8930400000.00 4137900000.00 0.0476 0.0226 0.0186 Advertisement and publicity 10800000.00 Auditors' fees and expenses 3300000.00 BC expenses 2128300000.00 Depreciation 135600000.00 Directors' fees, allowances and expenses 6000000.00 Law charges 3800000.00 Other Expenditure 933600000.00 Postage, Telegrams, Telephones 55200000.00 Printing and stationery 13400000.00 Rent, taxes and lighting 221900000.00 Advertisement and publicity 273400000.00 Auditors' fees and expenses 8000000.00 BC expenses 7677700000.00 Depreciation 509900000.00 Directors' fees, allowances and expenses 24600000.00 Law charges 15000000.00 Other Expenditure 3241100000.00 Postage, Telegrams, Telephones 195000000.00 Printing and stationery 70700000.00 Rent, taxes and lighting 843200000.00 5147800000.00 19713300000.00 198678000000.00 32225300000.00 5104400000.00 260868800000.00 13646500000.00 582800000.00 55410200000.00 182931100000.00 2075500000.00 6222700000.00 260868800000.00 4.The statement of audited financial results for the quarter and year ended 31 March 2024 ( Statement or financial results ) have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 8 May 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 audit 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. 5. 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). 6. 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. 7. 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. 8. The Board of Directors at its meeting held on 8 May 2024 , has proposed a dividend of Rs. … per share ( Previous Year: Nil per share) for the year ended 31 March 2024, subject to approval of the shareholders at the ensuing Annual General Meeting. Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratios as on 31 March 2024. 9. Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated 6 August 2020 (Resolution Framework 1.0) and 5 May 2021 (Resolution framework 2.0) are given below: 10 (i) During the year ended 31 March 2024 the bank has not acquired / transferred any loans not in default through assignment of loans. (ii) During the year ended 31 March 2024 , the bank has not acquired/ transferred any stressed loans (Non-performing Asset and Special Mention Account). 11. 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. 22.70 Crore during the year ended (Rs. 10.13 Crore during Quarter ended 31 December 2023 and Rs. 5.83 Crore during Quarter ended 31 March 2024) and consequetly the contingency provision on standard assets as at 31 March 2024 stands at Rs. 35.94 Crore. Capital & Reserves 0.00 NA 0.00 Other Banking Operations 533400000.00 Retail 9561300000.00 Treasury 1102500000.00 Unallocated 0.00 Wholesale 321200000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 1242900000.00 Retail 36426100000.00 Treasury 3990600000.00 Unallocated 0.00 Wholesale 942900000.00 11518400000.00 42602500000.00 11518400000.00 42602500000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 512700000.00 Retail -385300000.00 Treasury 180200000.00 Unallocated 0.00 Wholesale 277700000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 1181300000.00 Retail 3446000000.00 Treasury 529800000.00 Unallocated 0.00 Wholesale 547000000.00 585300000.00 5704100000.00 0.00 0.00 0.00 0.00 585300000.00 5704100000.00 Capital & Reserves 0.00 NA 0.00 Other Banking Operations 0.00 Retail 179314400000.00 Treasury 69050300000.00 Unallocated 2732300000.00 Wholesale 9771800000.00 260868800000.00 0.00 0.00 260868800000.00 Capital & Reserves 24861100000.00 NA 0.00 Other Banking Operations 0.00 Retail 171197900000.00 Treasury 51039700000.00 Unallocated 5104400000.00 Wholesale 8665700000.00 260868800000.00 0.00 0.00 260868800000.00 4.The statement of audited financial results for the quarter and year ended 31 March 2024 have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 8 May 2024 in accordance with the requirement of Regulation 33 and Regulation 52 of the SEBI (LODR) Regulations, 2015, as amended. The results have been subjected to a audit 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. 5. 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 as applicable to the Banks, Securities and Exchange Board of India (LODR), 2015, as amended and guidelines issued by Reserve Bank of India (RBI). 6. 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. 7. 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. 8. The Board of Directors at its meeting held on 8 May 2024 , has proposed a dividend of Rs. 0.70 per share ( Previous Year: Nil per share) for the year ended 31 March 2024, subject to approval of the shareholders at the ensuing Annual General Meeting. Effect of the proposed dividend has been reckoned in determining capital funds in the computation of capital adequacy ratios as on 31 March 2024. 9. Details of resolution plan implemented under the Resolution Framework for COVID-19-related Stress as per RBI circular dated 6 August 2020 (Resolution Framework 1.0) and 5 May 2021 (Resolution framework 2.0) are given below: 10 (i) During the year ended 31 March 2024 the bank has not acquired / transferred any loans not in default through assignment of loans. (ii) During the year ended 31 March 2024 , the bank has not acquired/ transferred any stressed loans (Non-performing Asset and Special Mention Account). 11. 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. 22.70 Crore during the year ended (Rs. 10.13 Crore during Quarter ended 31 December 2023 and Rs. 5.83 Crore during Quarter ended 31 March 2024) and consequetly the contingency provision on standard assets as at 31 March 2024 stands at Rs. 35.94 Crore. 0.00 574700000.00 6094500000.00 0.00 0.00 0.00 0.00 -207400000.00 -277700000.00 0.00 6184100000.00 0.00 0.00 -52302400000.00 0.00 50423400000.00 0.00 -1879000000.00 4305100000.00 10009200000.00 0.00 0.00 0.00 0.00 0.00 10009200000.00 0.00 0.00 10009200000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8800000.00 714100000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -5120000000.00 0.00 -5825300000.00 0.00 0.00 -5825300000.00 3667700000.00 0.00 0.00 0.00 1316700000.00 0.00 0.00 0.00 0.00 2351000000.00 0.00 0.00 2351000000.00 6534900000.00 0.00 6534900000.00 7664200000.00 14199100000.00