ESAF BANK FULL FORM

In this article you get to know about ESAF BANK full from and other different abbreviations of ESAF in various fields. ESAF BANK full form refers to Evangelical Social Action Forum.

ESAF Small Finance Bank is a small finance bank in India, which was granted a license by the Reserve Bank of India in 2016. The bank has its headquarters in Thrissur, Kerala, and operates across 16 states and 1 union territory in India. ESAF Small Finance Bank offers a range of financial products and services to its customers, including savings and current accounts, fixed deposits, recurring deposits, loans, insurance, and more. The bank aims to cater to the financial needs of underserved and unbanked segments of the society, including rural and semi-urban areas. ESAF Small Finance Bank is committed to financial inclusion and has various initiatives to promote financial literacy and education among its customers. The bank has received several awards and recognitions for its contribution to the development of the microfinance sector in India.

ESAF Small Finance Bank is a small finance bank in India, which was established in 1992 as Evangelical Social Action Forum a non-profit organization working for the development and empowerment of marginalized communities in Kerala. In 2015, the organization received a license from the Reserve Bank of India to set up a small finance bank and it began operations as a full-fledged bank in 2017. ESAF Small Finance Bank’s mission is to provide financial services to underserved and unbanked segments of the society, particularly in rural and semi-urban areas. The bank offers a range of financial products and services, including savings accounts, current accounts, fixed deposits, recurring deposits, loans, insurance etc.

The bank has a strong focus on financial inclusion and has various initiatives to promote financial literacy and education among its customers. It has set up several financial literacy centers in different parts of the country and conducts regular training programs for its employees to improve their knowledge and skills.

ESAF Small Finance Bank has a network of over 400 branches and 3,000 customer service points across 16 states and 1 union territory in India. The bank has a strong presence in South India, particularly in Kerala, Tamil Nadu, and Karnataka. In addition to its core banking services, ESAF Small Finance Bank is also engaged in several social initiatives, including promoting education, healthcare, and entrepreneurship. The bank has set up the ESAF Swasraya Producers Company, a farmer producer organization, which helps farmers in Kerala to market their agricultural products and provides them with access to credit and other services.

The bank has a unique business model which focuses on microfinance, small and medium enterprises and affordable housing finance, which are the three pillars of its business. This business model helps the bank to serve the financially excluded segments of the society and also helps in the growth of the bank’s business.

ESAF Small Finance Bank has a digital platform called “ESAF Digital” which offers a range of digital services to its customers, including online account opening, fund transfer, bill payment, and more. The bank is also leveraging technology to improve its operations and customer service, and has implemented core banking, mobile banking, and internet banking solutions.

The bank has received several awards and recognitions for its contribution to the development of the microfinance sector in India. In 2019, ESAF Small Finance Bank was awarded the ‘Best Small Finance Bank’ award at the Business Today-Money Today Financial Awards. It has also been recognized by the World Economic Forum as a ‘Global Growth Company’ in 2014.

ESAF Small Finance Bank is committed to social responsibility and sustainability, and has taken several initiatives in this regard. The bank has implemented green banking practices to reduce its carbon footprint, and has also set up a foundation called the ESAF Foundation to support various social initiatives, including education, healthcare, and livelihood. The bank has a strong leadership team with experienced professionals from the banking and finance industry. Mr. K. Paul Thomas, the founder of ESAF, is the Managing Director and CEO of ESAF Small Finance Bank, and has over 25 years of experience in the microfinance sector.

The bank offers a range of loan products, including microfinance loans, SME loans, housing loans, vehicle loans, and personal loans. It also offers loans to women entrepreneurs under the “ESAF Mahila Mitra” scheme, which aims to promote women entrepreneurship and financial inclusion. ESAF Small Finance Bank has a strong focus on financial literacy and education, and has set up several financial literacy centers across the country. The bank conducts regular training programs for its employees to improve their knowledge and skills, and also conducts awareness programs for its customers to educate them on various financial products and services.

The bank has a strong risk management framework in place, which helps in identifying and mitigating various types of risks. The bank has implemented a robust credit assessment system, which includes the use of credit bureaus, data analytics, and technology. ESAF Small Finance Bank is committed to the welfare of its employees and has various employee welfare programs in place, including health insurance, group personal accident insurance, and a pension scheme. The bank also has a performance-based incentive scheme, which rewards employees for their performance and contribution to the bank’s growth.

ESAF BANK DETAILS

The bank is actively involved in various CSR activities, including education, healthcare, and livelihood. The bank has set up the “ESAF Rural Development and Training Centre” to provide vocational training to the unemployed youth in rural areas, and has also set up the “ESAF Skill School” to provide skill development training to the underprivileged youth.

ESAF Small Finance Bank is a customer-centric bank with a strong commitment to financial inclusion, social responsibility, and sustainability. The bank has a unique business model, a strong digital platform, and a focus on microfinance, SMEs, and affordable housing finance. It has a strong leadership team and has received several awards and recognitions for its contribution to the development of the microfinance sector in India.

Different abbreviations of ESAF in various fields are as follows

CONCLUSION:

Dear reader in this article you get to know about ESAF Bank full from and ESAF term used in various other fields, If you have any query regarding this article kindly comment below.