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ESAF Small Finance Bank reported a net profit of Rs 63 crores for the first quarter, marking a substantial increase of 44.8% compared to the previous quarter. The bank’s net business grew by 23.4% to reach Rs 40,551 crores, up from Rs 32,860 crores during the same period last year.
Total loans surged by 30% to Rs 18,783 crores, while deposits rose by 33.4% to Rs 20,887 crores.