India: Capital SFB eyes $21m PE funding to expand operations

Photo: Reuters

Punjab-based Capital Small Finance Bank Ltd is planning to raise at least ₹150 crore in private equity funding as it looks to expand its operations, two people aware of the development said. Capital SFB was one of the 10 entities to receive Reserve Bank of India’s (RBI’s) in-principle approval to start small finance bank operations in September 2015. It was the first to start operations in April 2016.

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