Capital Small Finance Bank is a Punjab-based lender. The article reports the bank raised ₹84 crore (about $11.7m) in equity capital. The investment was made by mid-market private equity firm Oman India Joint Investment Fund (OIJIF). OIJIF will hold a 9.9% stake in the bank following the transaction. The article does not disclose operating metrics, product specifics, or future plans. Capital Small Finance Bank is a Jalandhar-headquartered small finance bank focused on serving micro, small and medium enterprises (MSMEs). It began small finance bank operations in April after receiving RBI in-principle approval in September 2015. The bank operates 73 branches, including 35 in rural areas, 27 in semi-urban areas and the remainder in urban and metro locations. In 2016-17 it reported advances of Rs 1,369.6 crore (up 19.26% year‑on‑year) and a deposit base of Rs 2,378.21 crore (up 31.09% year‑on‑year). The bank projects its business to increase four-fold from Rs 3,000 crore as of March 31, 2016 to Rs 12,000 crore and its branch network to 216 by March 2021. Recent fundraising and a memorandum of understanding with SIDBI are intended to support concessional finance and expand MSME lending.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Nov 2019