Capital Small Finance Bank

From Wikipedia, the free encyclopedia
Capital Small Finance Bank Limited
TypePublic
BSE: 951995
ISININE646H01017
IndustryFinancial services
PredecessorCapital Local Area Bank
Founded2000
Headquarters
Jalandhar
,
India
Area served
India
Key people
  • Madan Gopal Sharma
    (Chairman)
  • Sarvjit Singh Samra (Managing Director & CEO)
    Munish Jain (CFO)
[1][2]
Websitewww.capitalbank.co.in

Capital Small Finance Bank (erstwhile Capital Local Area Bank) is the India's first small finance bank[3][4] founded in April 2016 as a microfinance lender, with its headquarters in Jalandhar , India.[5][6]

History[]

Founded in 2000, Capital Local Area Bank was primarily operational in some districts of Punjab including Jalandhar, Kapurthala and Hoshiarpur until 2013. After 2013, the bank expanded its operations in Ludhiana and Amritsar. As of June 2016, the bank was operating through its 76 branches.[7]

After providing in principle approval in September 2016, RBI granted the license to Capital Local Area Bank under Section 22(1) of the Banking Regulation Act, 1949 in 2016 and it started to operate from 24 April 2016 under the new brand name of Capital Small Finance Bank as the first Small finance bank of India.[8][9][10] On the foundation day, Capital Small Finance Bank opened 10 new branches to the existing 49 branches of Capital Local Area Bank. As in March 2021, the bank have a total 158 operational branches.[5]

In June 2019, the bank raised 43 Crore fund from Amicus Capital[11] and in November it raised 84 Crore fund as Oman India Joint Investment Fund bought 10% share of the bank.[12][13]

Stock Exchange Listings[]

The equity shares of Capital Small Finance Bank are listed on Bombay Stock Exchange where it is a constituent of the BSE 150 Midcap.[14]

References[]

  1. ^ "Buy Sell Capital Small Finance Bank Limited Unlisted Shares - 3Adeal". 3adeal.com. Retrieved 2021-03-24.
  2. ^ "Buy Sell Capital Small Finance Bank (SFB) Unlisted Shares - Share Price". Retrieved 2021-03-24.
  3. ^ Gera, Komal Amit (2016-04-25). "India's first small finance bank launched". Business Standard India. Retrieved 2021-03-24.
  4. ^ Acharya, Namrata (2016-08-09). "Small finance banks to woo depositors with better rates". Business Standard India. Retrieved 2021-03-24.
  5. ^ a b "Profile - Capital Small Finance Bank". www.capitalbank.co.in. Retrieved 2021-03-24.
  6. ^ Network, BFSI. "Capital Local Area Bank to be India's first small area finance bank - BFSI". Retrieved 2021-03-24.
  7. ^ Sharma, Sahib (2016-07-07). "Capital Small Finance Bank plans 220 branch network in North India by FY 2021". mint. Retrieved 2021-03-24.
  8. ^ "First small finance bank begins operations". @businessline. Retrieved 2021-03-24.
  9. ^ Bandyopadhyay, Tamal (2017-02-06). "Big challenges before small finance banks". mint. Retrieved 2021-03-24.
  10. ^ Chakraborty, Somasroy (2014-07-22). "KBS Local Area Bank may become a small bank". Business Standard India. Retrieved 2021-03-24.
  11. ^ Saxena, Ridhima (2019-07-09). "Capital Small Finance Bank raises ₹43 crore from Amicus Capital". mint. Retrieved 2021-03-24.
  12. ^ Saxena, Ridhima (2019-11-26). "Capital Small Finance Bank raises ₹84 crore from OIJIF". mint. Retrieved 2021-03-24.
  13. ^ Nov 26, Our BureauMumbai. "OIJIF picks up 10% stake in Capital SFB for ₹84 crore". @businessline. Retrieved 2021-03-24.
  14. ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Retrieved 2021-03-24.

See also[]

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