As we expand our financial solutions, this tie-up with Edelweiss Life enhances our ability to offer comprehensive and tailored life insurance products to our customers, reinforcing our position as a trusted financial partner. By improving accessibility to quality insurance solutions, we aim to become the primary banker for our middle-income group customers, creating a more secure and prosperous future for them.” Sumit Rai, MD & CEO, Edelweiss Life Insurance said “We are excited to embark on this journey with Capital Small Finance Bank and will together protect people’s dreams and aspirations. This partnership is grounded in a shared commitment to exceptional customer experience, superior business quality, and highest standards of legal & ethical conduct.

This alignment of values will enable us to deliver innovative and reliable solutions to our customers. Institutions like Capital Small Finance Bank, which have a geographical stronghold and understand the pulse of their customers, give us a strategic advantage in bringing innovative products to the market to effectively meet customer needs. We are currently focussed on expanding our footprint across the country and this strategic partnership is a step in that direction.”

Mr. Sarvjit Singh Samra and Mr. Sumit Rai signed the agreement and announced their collaboration at an event in Mumbai today. This arrangement aims to enhance the Bank’s life insurance offerings by providing its customers with access to Edelweiss Life’s digital platform and service touchpoints. With over two decades of experience in the banking industry, Capital Small Finance Bank has developed a nuanced understanding of its niche market—middle-income segment customers, tailoring its products and services to meet their specific needs. Through this collaboration, Capital Small Finance Bank will leverage its extensive network and customer base to offer Edelweiss Life’s comprehensive suite of life insurance products. This partnership is poised to enhance the customer experience by seamlessly integrating life insurance solutions with their banking services.

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• GROSS ADVANCES INCREASED BY 4% Q-O-Q AND 16% Y-O-Y TO RS. 6,390.52 CRORES
• ADVANCE DISBURSEMENT INCREASES TO RS. 754 CRORES (12% Q-O-Q GROWTH AND 62% Y-O-Y GROWTH)
• ROBUST ASSET QUALITY WITH GNPA/NNPA 2.7%/1.3% (AGAINST 2.8%/1.4% Q4FY24)
• TOTAL DEPOSIT INCREASED BY 4% Q-O-Q TO ₹7,778 WITH CASA RATIO OF 39.5% (AGAINST 38.3% IN Q4FY24) AND RETAIL DEPOSIT SHARE OF 94.5%.
• PAT INCREASED TO RS. 30.02 CRORES (7% Q-O-Q GROWTH)
• NIM INCREASED TO 4.2% (AGAINST 3.8% Q4FY24)
• ROA INCREASED TO 1.3% (AGAINST 1.2% Q4FY24)
• CAPITAL ADEQUACY RATIO AS ON JUNE 30, 2024 IS 26.3% WITH TIER I RATIO OF 22.0%.

 National, 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.

Mr. 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.”

Key Highlights: 

Balance Sheet growth:

• Total Business increases by 13% to Rs. 14,168 crore in Q1-FY’25 from Rs. 12,584 crore in Q1-FY’24
• Gross Advances increases by 4% Q-o-Q and 16% Y-o-Y to Rs. 6,391 crore in Q1-FY’25.
• Deposit increased by 4% Q-o-Q and 10% Y-o-Y to Rs. 7,778 crore in Q1-FY’25.
• CASA is 39.5% in Q1-FY’25 against 38.3% in Q4-FY24
• Total Net Worth stood at Rs. 1,231 crore in Q1 FY-‘25.
• Average CD ratio increased from 78.3% in Q4FY24 to 79.6% in Q1FY25 with outstanding CD ratio of 82.2% as on June 30, 2024.

Profitability Growth:

• Net Interest Income increased by 14 % Q-o-Q to Rs. 99 crore in Q1-FY’25 from Rs. 87 crore in Q4-FY’24.
• Profit after Tax increases to Rs. 30.02 crore from Rs. 28.21 crores in Q4FY24 with Q-O-Q growth of 6%.
• NIM increased to 2% in Q1 FY 25 against 3.8% in Q4 FY24.
• ROA increased to 1.3% in Q1-FY25 against 1.2% in Q4-FY24.

Other Aspects:

• Capital Adequacy Ratio has increased to 26.25% in Q1-FY’25 compared to 20.81% in Q1-FY’24.
• Gross NPA and Net NPA of 2.7% and 1.3% respectively in Q1-FY’25 against 2.8% and 1.4% in Q4FY24.
• Almost NIL write-offs & ZERO NPA Sell-off since inception
• Collection efficiency of 98.6%
• Secured Advance portfolio of 99.80%

 The Bank offers a range of banking products on the asset and liability side. Its asset products primarily include agriculture loans, MSME and trading loans (working capital, machinery loans etc.) and mortgages (housing loans). It targets to be the primary banker to its customers and endeavour to achieve this objective through a mix of (i) suite of our product offerings; (ii) customer service orientation; (iii) deeply entrenched physical branch network; and (iv) evolving digital channels of service delivery.

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