ESAF Small Finance Bank Limited opens its Regional Office in Nagpur
Nagpur: ESAF Small Finance Bank Limited, a small finance bank with a focus on unbanked and under-banked customer segments, expanded its operations in Nagpur by opening its new regional office.
This move marked a significant milestone for the Bank as it reinforces its vision to provide universal financial access throughout the country.
The newly inaugurated regional office will serve as a vital hub for the Bank's operations across Maharashtra and Central India, enabling support and service delivery to customers in the region. This strategic expansion aims to establish a strong presence in West and Central India, further amplifying the Bank's customer-centric approach.
The office was inaugurated by Sangeeta Lalwani, Regional Director, Reserve Bank of India. Ravimohan Periyakavil Ramakrishnan, Part-Time Chairman of the Bank inaugurated the ATM.
Balkrishna Bhartia, National President, Confederation of All India Traders, George Kalaparambil John, Executive Vice President – IT and Operations of the Bank, Hemant Kumar Tamta, Executive Vice President – Network 2 Rest of India of the Bank, Sreekanth C. K., Head, Marketing & PR of the Bank Sanjeev Kumar Hotta, Regional Head of the Bank’s Nagpur region, and Sunil Jadhav, Zonal Head, ESAF Multi-State Agro Co-operative, also spoke during the event.
During the event, Ravimohan Periyakavil Ramakrishnan emphasised the pivotal role of the new office as a central hub for the bank's operations, enabling enhanced support and service delivery to customers across Maharashtra and Central India.
“This expansion not only signifies a remarkable milestone for ESAF Bank but also demonstrates its vision to offer equal opportunities through universal financial access and inclusion and livelihood and economic development,” said Kadambelil Paul Thomas, Managing Director & Chief Executive Officer, the Bank, in the press note to the media.
“The Bank remains dedicated to its mission of empowering unbanked and under-banked segments through financial inclusion, and the expansion in Nagpur is a testament to this unwavering commitment,” added Kadambelil Paul Thomas in the press note.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Prez Droupadi Murmu, PM Modi pay tributes to Mahatma Gandhi and Lal Bahadur Shastri on birth anniversaries
Centre orders probe into Tamil Nadu-based cargo firm Wintrack Inc’s charges against Chennai Customs
Three women aides of Delhi Baba arrested for harassment, intimidation at Vasant Kunj Institute
India, China to resume direct flights from late October as ties improve after Galwan clashes
