Capital Small Finance Bank Q1FY25 Results
Capital Small Finance Bank Limited, India’s first small finance bank to commence operation in 2016 announced its un-audited financial results for the quarter ended June 2024.
City Air News
Jul 30, 2024 07:16
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Chandigarh, July 30, 2024: Capital Small Finance Bank Limited, India’s first small finance bank to commence operation in 2016 announced its un-audited financial results for the quarter ended June 2024.
Sarvjit Singh Samra, MD & CEO of Capital Small Finance Bank said, “Our growth journey, re-energized with growth capital infusion has started showing upright progress, with growth in gross advances of ~12% and disbursement of ₹1400 crores + + (during last six months, post growth capital infusion). During the quarter, advances and deposits grown by ~4% Q-o-Q and stood at ₹6,391 crores and ₹ 7,778 crores respectively, with PAT for the quarter of ₹30 crores. The RoA for Q1FY25 is 1.3%.
Advance and deposit growth during the quarter are in line with Bank’s estimate, despite sequential decline in advances historically during Q1. We are confident of growing loan book as initially targeted for the year with ROTA expansion.
The progress is attributed to the dedication of our team, the trust of our valued customers and our commitment to stakeholders. Through tailored financial solutions, we aim to help MSMEs, farmers, and the middle-income group to achieve their financial goals, driving sustainable growth and delivering enduring value to our stakeholders.”
