Capital Small Finance- Key Business Highlights For The Quarter Ended June 30, 2024

On July 04, 2024, Capital Small Finance Bank announced its key business highlights for the quarter that ended June 30, 2024, in a stock exchange filing.

Key Business Highlights for the Quarter ended June 30, 2024

Management Commentary

• As of June 30, 2024, the bank’s gross advances totalled ₹6,391 crore, predominantly secured at 99.8%. Despite seasonal variations, quarterly growth was 4%, and yearly growth was 16%.
• Disbursements in the quarter ending June 2024 were robust, reaching ₹754 crore, marking a quarterly increase of 12% and a yearly increase of 62%.
• Asset quality remained strong, with gross NPAs at 2.7% as of June 30, 2024, improving from 2.8% as of March 31, 2024.
• Total deposits grew to ₹7,778 crore, showing a quarterly growth of 4% and a yearly growth of 10%. The bank maintained a high CASA ratio of 39.5% as of June 30, 2024, up from 38.3% at the end of March 2024.
• The average CD ratio for the quarter ending June 30, 2024, was 79.6%, with a CD ratio as of June 30, 2024, at 82.2%.
• Liquidity, indicated by the average Liquidity Coverage Ratio (LCR), was 215.5% for the quarter ending June 30, 2024, compared to 264.1% in the previous quarter.

About Capital Small Finance Bank Ltd

Capital Small Finance Bank Ltd is based in Jalandhar and serves customers across Punjab, Haryana, Delhi, Rajasthan, Himachal Pradesh, and Chandigarh. It operates 173 branches and 175 ATMs, mainly in rural and semi-urban areas, catering to 76.30% of its branches and 75.75% of its total customers. As of September 2023, the bank had 7,25,037 customers.

On July 04, 2024, the share price of Capital Small Finance Bank Ltd opened at ₹357.00, touching the day’s highest price of ₹370.70 as of 11:07 AM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.