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Small Finance Bank IPO details. Find IPO Date, Price, Live Subscription,
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Capital
Small Finance Bank IPO date has not been released yet. Once the IPO date
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About Capital
Small Finance Bank:
Capital
Small Finance Bank Limited started operations as India's 1st Small Finance
Bank on April 24, 2016 after conversion from Capital Local Area Bank. Prior to
conversion to a Small Finance Bank, Capital Local Area Bank was operating as
India's largest local area bank since January 14, 2000.
The Bank pioneered in bringing modern banking
facilities to the rural areas at low cost. The Bank introduced 7-Day branch
banking with extended banking hours since its first day of operations. The
focus to serve common man and the local touch advantage has given the Bank a
competitive edge over other banks operating in the region. Within a short
period, most of the branches become market leaders of their respective centres.
The Bank is providing safe, efficient and service oriented repository of
savings to the local community while reducing their dependence on moneylenders
by making need based credit easily available.
The Bank transitioned from a Local Area Bank
to Small Finance Bank with 47 Branches. In a short span, 103 new Branches have
become operational, taking the total number of Branches to 150. After
establishing a strong footprint in the state of Punjab, the Bank has now
started expansion to the states of Delhi, Haryana, Rajasthan along with Union
Territory of Chandigarh.
Capital
Small Finance Bank has been granted Scheduled Status by the Reserve Bank of
India vide Notification dated February 16, 2017.
The total business of the Bank has crossed
Rs.7,600 crores with over 6,90,000 accounts. The Bank has 80% of its business
in rural and semi urban areas, with priority sector lending of 81.28% of the
Adjusted Net Bank Credit as on March 31, 2019. The Bank is extending loans
primarily to small borrowers. As on March 31, 2019, 54.10% of the total
advances are up to the ticket size of Rs.25 lacs.
Conversion of the Bank to Small Finance Bank
has removed the geographical barriers for expansion, resulting in exponential
growth of the Bank in all spheres. The business of the Bank is expected to grow
to Rs.18,000 crores by March 31, 2023 with 265 number of Branches.
Features
·
7 Day Branch Banking
·
Uninterrupted & Extended Banking Hours
o Monday
to Saturday (10:00 a.m. to 5:00 p.m.)
o Sunday
(10:00 a.m. to 2:00 p.m.)
o 2nd
& 4th Saturday Holiday
·
State-of-the-art Branch Interiors
·
RuPay Debit Card acceptance across 2.40 lac
ATMs, over 27 lac POS Terminals and on all e-commerce sites
·
Internet Banking
·
Mobile Banking
·
Locker Operation - 7 Days a Week
·
All kinds of Loans at competitive Interest
Rates
Achievements
·
Pioneer in bringing state-of-the-art banking
facilities in rural areas at a low cost
·
Promoting Financial Inclusion by providing
easy access to masses to banking services to the masses
·
Extension of banking services to the unbanked
rural villages
·
7 Day Branch Banking from day one with
extended and uninterrupted banking hours
·
One-Stop Financial Hub in rural and semi
urban areas
·
Contribution to economic development and
employment generation in the area
·
Surpassed National Targets in Priority
Sector, Agriculture and Weaker Section Advances
·
Average Business per branch of Rs. 48 Crores
·
Accredited with 'ICAI Award for Excellence in
Financial Reporting' for two consecutive years
·
Ranked amongst India's 100 Best Companies to
work for 5 consecutive years
·
RuPay Debit Card acceptance across 2.40 lac
ATMs, over 27 lac POS Terminals and on all e-commerce sites
Summary of Capital Small Finance Bank:
“Capital
Small Finance Bank has grown consistently since inception and holds a
market leadership position in the state of Punjab. The current round of capital
raise will help the Bank deepen its penetration in Punjab and expand rapidly
into the states of Haryana, Rajasthan and NCT (National Capital Territory)
Delhi with a significant focus on MSME loans," said Sarvjit Singh Samra,
founder and managing director of Capital
Small Finance Bank.
The bank started its operation as India’s
First small Finance Bank on 24th Apr. 2016 headquartered in Jalandhar, Punjab
after conversion from capital Local area Bank which were operating Since 14th
Jan 2000.
Bank is pioneered in bringing modern banking
facilities to the rural areas at low cost where they basically, focus to serve
common man and local touch advantages has given this bank a competitive
advantage over another bank.
Capital
Small Finance Bank is providing safe, efficient and service oriented
repository of savings to the local community and reduces their dependency on
moneylenders by making need-based credit easily available.
In
short span bank transitioned from Local Area Bank with 47 branches to Small
Finance Bank with total 142 operational Branches.
Company provides 7 Day Branch Banking from
day one with extended and uninterrupted banking hours with Average Business per
branch of Rs. 48 Crores.
Strength of the Capital Small Finance Bank:
Intellect design Arena Ltd the world’s first
full-spectrum banking and financial products company for the digital age
announced its partnership with the Capital
Small Finance Bank.
Now the bank will deliver Digital Core
banking, trade Finance, Debt Management, e-banking, Payments, Treasury, Alerts,
Tablet Banking, Smart Brach, Liquidity Management etc. through the Global
consumer banking division of Intellect.
As the company mainly focus in Rural area So
Bank has 80% of its business in rural and semi urban areas, with priority
sector lending of 99.30% of the Adjusted Net Bank Credit.
The Bank is extending loans primarily to
small borrowers. As on March 31, 2018, 52.48% of the total advances are up to
the ticket size of Rs.25 lacs.
It’s a one-stop Financial Hub in rural and
semi urban areas with uninterrupted & Extended banking Hours in whole week.
Industry overview:
Rating agency ICRA expects small finance
banks to grow at a compounded annual growth rate of 25% to 30% led by
diversified loan growth, deposit mobilization, improving asset quality and
better return on equity.
Asset quality indicator of small finance bank
is also improved with gross NPA declining to 5.8% from 9.0%. in year 2018.
Small finance banks can undertake basic
banking activities of acceptance of deposits and lending to unserved and
underserved sections.
It may include small business units, small
and marginal farmers, micro and small industries and unorganized sector
entities.
Capital
Small Finance Bank has crossed business of Rs. 6,700 Crore with over
6,20,000 accounts and most of their business came from rural and semi urban
areas.
Awards & Achievements of Capital Small Finance Bank:
Company is Accredited with ‘ICAI Award for
Excellence in Financial Reporting’ for two consecutive years.
Capital
Small Finance Bank Ranked amongst India’s 100 Best Companies to work for 5
consecutive years.
Financial Review:
Total Deposits of the Bank increased to Rs.
3667.26 crores as against Rs 2375.21 crores as on March 31, 2017 resulting
growth of 54.4% in 2 yrs.
Company’s total asset has increased by 58.81%
in 2 year to breach the value of Rs. 4321.20 Cr. in Year 2018-19.
Net NPA of company has grown by approx. 56.9%
in previous year.
Net worth of company has reached to Rs.
250.32 Cr. in Financial Year 2018-19 as against 163.23 Cr. in Year 2016-17
shows the growth of approx. 31.59 %.
Company has recorded Net Profit of Rs. 9.41
Cr. this year and also decided to pay dividend of Rs. 2.22 per share.
This year Credit deposit ratio of company is
71.14% and return on equity 11.13%.
Planify view over Capital Small Finance Bank:
Bank is Pioneer in bringing state-of-the-art
banking facilities in rural areas at very low cost with 7-day branch banking
facilities from 1st day of its operation.
Its one-stop financial hub in rural and semi
urban areas operating in more than 142 branches wit average business of Rs. 48
Cr. per branch.
Company is accredited with ICAI award for
excellence in Financial Reporting for two consecutive years and ranked amongst
India’s 100 Best Companies.
In an Interview company’s chief operating
officer Munish Jain said Bank is planning to open 220 branches by the end of FY
2021 which means CAGR growth of 33.8% in bank’s balance sheet over next 3
years.
Financial growth of company is very good, The
Bank has a consistent track record of healthy dividend payouts since day one of
its inception.
The Bank is in an exponential growth phase
and company is continuously reporting profit and book value of company is also
growing with CAGR of approx. 15.7% since 2016 after analyzing overall aspects
of the bank we Rate this bank 4 out of 5.
Disclaimer:
Generally, Investments made in Pre-IPO are
speculative, illiquid and carry a high degree of risk. The investment made on
the Planify platform is made through pooled investment vehicles, which acquire
shares of private technology companies and are not a direct investment in these
companies.
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