About Capital Small Finance Bank Limited Ipo
Capital Small Finance Bank was incorporated in 1999, it is engaged in a banking business. In 2016, this company became the first NBFC microfinance entity to receive the SFB license. The bank had a strong presence in semi-urban and rural areas with a branched based operating model. The bank is trying to bring modern banking to the rural areas at low cost. The bank introduced 7-Day branch banking and extended banking hours since its first day of operations. The bank transitioned from a Local Area Bank to a Small Finance Bank with 47 branches. In a short span of time128 new branches got operational taking the number of branches to 175. After establishing a strong footprints in Punjab, the bank has now started to expand to the states of Delhi, Haryana, Rajasthan, Himachal Pradesh along with Union Territory of Chandigarh. The total business of the Bank has crossed Rs.12,000 crores with over 7,93,000 accounts. The Bank has 70% of its business in rural and semi urban areas, with priority sector lending of 87.72% of the Adjusted Net Bank Credit as on March 31, 2023. The Bank is extending loans primarily to small borrowers. As on March 31, 2023, 67.80% of the total advances are up to the ticket size of Rs. 25 lacs.
