Capital Small Finance Bank Q1 total business grows 15.58% to Rs 12,584 cr

The bank said its deposits grew by 14.64% to Rs 7,064 crore and advances went up by 16.81% to Rs 5,519 crore



Press Trust of India Chandigarh

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Capital Small Finance Bank Limited on Monday said its total business grew by 15.58 per cent to Rs 12,584 crore for the quarter ended June 2023.
The Jalandhar-headquartered bank's total business was Rs 10,888 crore during the first quarter of the last financial year, according to a statement.
The bank said its deposits grew by 14.64 per cent to Rs 7,064 crore and advances went up by 16.81 per cent to Rs 5,519 crore.
The net worth of the bank increased by 28.81 per cent to Rs 69 crore during the first quarter of the current fiscal.
Sarvjit Singh Samra, managing director and chief executive officer of Capital Small Finance Bank said, "We are proud to report robust profits, which underscore the resilience of our business model and the effectiveness of our strategic initiatives.
"As we continue to navigate an ever-evolving financial landscape, we remain focused on sustaining this positive momentum and creating long-term value for our stakeholders.

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Aug 14 2023 | 1:35 PM IST

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