India: Capital Small Finance Bank raises $4m from Sidbi, others

Photo: Mint

Punjab-based small finance bank Capital Small Finance Bank Ltd has raised Rs24.35 crore (about $4 million) from Small Industries Development Bank of India (Sidbi) and existing investors in its latest round of fund-raising.

Capital Small Finance Bank was one of the 10 entities to receive Reserve Bank of India’s (RBI) in-principle approval to start small finance bank operations in September 2015. It was the first to start small finance bank operations in April 2016.

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