The plan is to strengthen financial inclusion across Central India.
ESAF Small
Finance Bank Limited (“Bank”), 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 emphasized 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, of 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.
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