ESAF Small Finance Bank opens new branch in Chennai
Chennai: ESAF Small Finance Bank has opened a new branch in Anna Nagar recently taking the total number of branches across the country to 506. SMN Swamy, Regional Director, RBI, Chennai, inaugurated the branch at Anna Nagar, Chennai in a virtual event. The bank caters to more than 40 lakh customers through its banking outlets across 19 states and two union territories. The expansion underlines its mission to provide responsive banking services to the public and entrepreneurs alike.
- R. Ravi Mohan, Chairman, ESAF Small Finance Bank, George K John, EVP, ESAF Small Finance Bank and Hari Velloor, Head- Branch Banking, ESAF Small Finance Bank also took part in the ceremony.
Disclaimer
ESAF Small Finance Bank Limited (the “Bank”) is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP is available on the website of the SEBI at www.sebi.gov.in, as well as on the websites of the book running lead managers, Axis Capital Limited, Edelweiss Financial Services Limited, IIFL Securities Limited and ICICI Securities Limited, at www.axiscapital.co.in, www.edelweissfin.com, www.iiflcap.com and www.icicisecurities.com respectively, and the web sites of the stock exchange(s) at www.bseindia.com and www.nseindia.com respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see “Risk Factors” of the Red Herring Prospectus/ Prospectus, when available. Potential investors should not rely on the DRHP for any investment decision.
This press release does not constitute an offer of Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration. Any public offering of Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Bank and that will contain detailed information about the Bank and its management, as well as financial statements. However, no public offering of Equity Shares is being made in the United States.
