In 1992, Mr. Ok. Paul Thomas based ESAF as an thought to resolve social oriented points by way of advisory companies. From a society to a Non-bank monetary establishment, to a Small Finance Bank and later to a Scheduled Bank, Mr. Thomas efficiently steered the group’s diversification into retail, healthcare and company facilitation companies. In 2015, the Bank was one among the many prime 10 microfinance establishments chosen by Reserve Bank of India to increase banking companies to the low earnings segments. The inauguration was attended by Pinarayi Vijayan, Chief Minister of Kerala, Ramesh Chennithala, Opposition Chief, Ok Paul Thomas, MD and CEO, George Thomas, Government Vice President of ESAF Small Finance Bank.
ESAF Small Finance Bank is a Scheduled business bank, that redefines the banking expertise to all our stakeholders. They primarily give attention to increasing the banking horizon to new unbanked areas, however in addition they stand as a bank for all with its presence in city, semi city and rural areas. Regardless of whether or not you’re a person or a businessman or an entrepreneur or an NRI, ESAF is right here to satisfy your wants.
By way of ESAF, Mr. Thomas has delivered to fruition some revolutionary adjustments within the socio-economic atmosphere of essentially the most backward areas of our nation. The adjustments had been initiated primarily by way of interventions like livelihood technology, monetary inclusion, rural infrastructure, rural healthcare, rural schooling and so on. Different initiatives like building of bathrooms and facilitating activation of water connections in rural areas supported the Swachh Bharath motion promoted by the Central Authorities of India.
Below the headship of Mr. Ok. Paul Thomas the corporate at present has a Pan-India presence with 421 banking shops throughout 17 states in India and it reaches out to greater than three million clients. As of March 31, 2019, it has AUM of Rs 4,972 Cr. The group now employs over 7,000 workers (at Bank 3300 and one other 4000 are employed with their enterprise correspondence) throughout totally different ranges and is reckoned as one among the many few corporates in Kerala being wanted by certified abilities.
The bank provides a number of recent banking companies like ATMs, Debit Card, Protected Deposit Lockers, Web banking, cellular banking, Agent banking, SMS banking, RTGS, NEFT, CTS and so on. The door step supply companies, SKYPE facility at branches and Hrudaya Deposit Scheme are among the unique options supplied by ESAF Small Finance Bank.
In regards to the Founder
Ok. Paul Thomas is the Founding father of ESAF group of social enterprises, which incorporates ESAF Small Finance Bank. At the moment he holds the place of Managing Director and CEO, ESAF Small Finance Bank. In 2015, the Bank was one among the many prime 10 microfinance establishments chosen by Reserve Bank of India to increase banking companies to the low earnings segments. The bank, which was shaped in 2017 is at present counted as among the finest amongst its style.
As a powerful advocate of sustainable human growth, local weather change and democratic governance, Mr Paul’s contributions have acquired accolades and recognitions at native, regional, nationwide and worldwide boards. He’s the recipient of SKOCH Award for Monetary Inclusion and Karma Ratna Award, for exemplary contribution to Kerala society. He has been on the board of varied establishments together with MFIN-Microfinance Establishments Community. Mr.Paul Thomas is at present the Chairman of SADHAN(Affiliation of Neighborhood Growth Finance Establishments in India).
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