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.
