Capital Small Finance Bank eyes Rs 14,000 crore of total business in FY24
Capital Small Finance Bank Limited is looking at its total business rising over Rs 14,000 crore by the end of current financial year on the back of growth in its advances led by MSME loans and mortgages. The Jalandhar-headquartered bank has also plans to expand its branch network by opening 20 more branches in the northern region. In the last financial year, the bank’s total business grew to Rs 12,000 crore with 12 per cent growth.
The bank’s total advances stood at Rs 5,507 crore with 17 per cent growth while its deposits stood at Rs 6,560.62 crore with a high share of CASA (current account savings account) book at 41.88 per cent of the total deposits.
The bank registered a profit after tax at Rs 93.60 crore in the financial year 2022-23 as against Rs 62.57 crore in 2021-22.
Sarvjit Singh Samra, managing director and chief executive officer of the bank, said, “Our consistent growth and profitability are a testament to the dedication and hard work of our team, as well as the trust and support of our customers.
“We remain committed to delivering exceptional banking solutions, embracing innovation, and supporting the financial aspirations of small-scale enterprises and individuals.”
