In the private placement, PNB MetLife India Insurance Co Ltd and ESAF Multi-State Co-operative have taken a stake of 4.99 per cent each in ESAF Small Finance Bank (SFB), the company said in a statement.
With the infusion of additional capital, the net worth of the bank has increased to Rs 807 crore and the CRAR to 27.9 per cent, ESAF said.
"The proceeds from the private placements will be used for general corporate purposes, capital management and to support future growth," said K Paul Thomas, MD and CEO, ESAF Small Finance Bank.
He said the infusion reflects the confidence in the company's continued growth and profitability.
ESAF said it has accumulated Rs 3 billion worth deposits in the first half of the financial year and has added 2.5 million customers.
With 2 million borrowers, the bank has accumulated 4.4 billion in loans and advances, it added.
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