ESAF SFB plans Rs 300-500 crore capital infusion

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ESAF Small Finance Bank is set to raise ₹300-500 crore in tier-1 capital, anticipating a business turnaround from the third quarter. The bank aims to bolster its capital adequacy ratio and fund expansion plans. A board meeting is scheduled for September 20 to finalize the fundraising details, including the instrument and modalities.