ESAF Small Finance Bank on Friday said its Board has approved the sale of up to ₹1,700 crore worth of non-performing assets and written-off loans to an Asset Reconstruction Company (ARC).

The pool carries an overall provision coverage of 94%, according to the exchange filing. The Asset Sale Committee has been authorised to negotiate and finalise valuation using the Swiss challenge method, the bank said.

Ahead of the announcement, shares of ESAF Small Finance Bank Ltd closed 0.71% higher at ₹25.64 on the NSE.

In the same meeting, the Board also noted the retirement of four directors — Shri Ajayan Mangalath Gopalakrishnan Nair, Shri Ravi Venkatraman, Shri Gabriel John Samuel (all effective December 12, 2025), and Shri Ravimohan Periyakavil Ramakrishnan, who retires as Part-Time Chairman

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