Kerala gets first private bank
Thrissur: ESAF Small Finance Bank, Kerala's first private sector bank, was launched here on Friday By chief minister Pinarayi Vijayan.The bank,Promoted by ESAF Microfinance and Investments (P) Ltd, Has announced that in its first year it will open 85 branches.
As per RBI guidelines, the bank is required to open 25 percent of its branches in unbanked rural centers besides in cities like bengaluru,Kolkata,Mumbai,Delhi and Hyderabad in the First Year.
ESAF Microfinance which presently has a network of 285 branches in 93 districts spread over 11 states
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