ESAF Small Finance Bank Limited
Bajaj Allianz Life Insurance decreased its stake in ESAF Small Finance Bank Limited from 1.67% to 1.22% by selling 22.88 lakh shares.
A small finance bank providing comprehensive micro, retail, and corporate banking services across India. ESAF Small Finance Bank delivers debit cards, third-party financial product distribution, treasury services, and permitted foreign exchange operations to underserved customer segments. Established in 1992, the bank combines traditional banking with para-banking activities to support diverse financial needs of individuals and businesses throughout the country.
Now wholly owned by Bajaj Finserv after the Bajaj Group bought out Allianz SE's 26% stake in March 2025 for Rs 24,180 crore. Total AUM over Rs 1.2 lakh crore. Flagship Pure Stock Fund manages over Rs 7,200 crore as a Shariah-compliant Indian equity book. Active investor across large and midcap names through ULIP and group fund vehicles.