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Capital Small Finance Bank Ltd.

Capital Small Finance Bank Limited, India's 1st Small Finance Bank ,started operations on April 24, 2016. Capital Local Area Bank, along with nine other entities, was granted in-principle approval by the Reserve Bank of India to set up 'Small Finance Bank' on September 16, 2015.
Capital Local Area Bank, the largest Local Area Bank in the country, before conversion to 'Small Finance Bank' has been into operations for last 16 years with excellent performance in all spheres. The Bank has been operating in three contiguous Districts of Jalandhar, Kapurthala and Hoshiarpur in Punjab for the initial 13 years. In January 2013, the Reserve Bank of India accorded the approval for expansion in the Bank's area of operation to two more Districts of Ludhiana and Amritsar in Punjab.
The Bank pioneered in bringing modern banking facilities to the rural areas at low cost. From day one 7-Day Branch Banking was introduced with extended banking hours.The focus to serve common man and the local touch advantages has given the bank a competitive edge over other banks operating in the region.Within a short period,most of the branches becomes market leaders of their respective centres.  The bank is providing a 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. 10 new branches were added on the eve of conversion,taking the total number of branches to 57 (31 rural,19 semi urban,5urban and 2 metropolitan). During the current financial year,19 more branches will become operational.
The total business of the Bank at present has crossed Rs.3133 crores with more than 3,73,000 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, 2016.The Bank is extending loans primarily to small borrowers and 57.50% of the total advances are up to the ticket size of Rs.25 lacs as on March 31, 2016.
Conversion of the Bank to Small Finance Bank has removed the geographical barriers for expansion.This will result in exponential growth of the Bank in all spheres. The business of the Bank is expected to grow to Rs.12,000 crores by March 31, 2021.

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Capital Small Finance Bank Ltd.
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