New Delhi. Capital Small Finance Bank Limited, India’s first small finance bank commenced operations in 2016, announced its un-audited financial results for the quarter ended September 30, 2024.
Mr. Sarvjit Singh Samra, MD & CEO of Capital Small Finance Bank said, “We have successfully closed the September 2024 quarter with a remarkable ₹33.3 crores Profit After Tax (PAT), reflecting a strong 37% growth on a year-on-year basis, with Return on Assets (ROA) of 1.4% (1.1% in Q2FY24). Our gross advances have grown to ₹ 6,718 crores, registering a growth of 15% year-on-year and 5% on quarter-on-quarter basis. Our asset quality further improved, with gross NPA reduced to 2.6% & net NPA of 1.3%, against 2.7% & 1.4% respectively during the corresponding quarter. We continue to maintain a healthy CASA ratio of 37%+, aligned with our strategic focus.
“Our tailored financial solutions empower MSMEs, farmers, and middle-income customers, driving sustainable growth and creating lasting values. With continued focus on innovation, customer-centric strategies and operational excellence; we remain committed to deliver value for all stakeholders as we progress toward our vision of inclusive growth.”
Key Highlights:
Balance Sheet growth:
· Gross Advances increases by 5% Q-o-Q and 15% Y-o-Y to Rs. 6,718 crores, with 99.8% being secured and Zero direct MFI exposure.
· Deposit increases by 11% Y-o-Y to Rs. 7,780 crores, with 93.7% being the retail deposit.
· CASA ratio of 37.1% in Q2FY25 against 37.8% a year back.
· Total Shareholder’s fund stood at Rs. 1,266 crores.
· Average CD ratio increases to 82.4% in Q2FY25 from 79.6% in Q1FY25.
Profitability Growth:
· Profit after Tax increases to Rs. 33.3 crore with 37% growth Y-o-Y basis.
· ROA increases to 1.4% in Q2FY25 against 1.1% in Q2FY24
· NIM increases to 4.2% in Q2FY25 against 4.0% in Q2FY24.
· Cost to Income Ratio decreases to 61.4% in Q2FY25 against 64.8% in Q2FY24
Other Aspects:
· Capital Adequacy Ratio stood at 26.3%.
· Gross NPA and Net NPA of 2.6% and 1.3% respectively in Q2FY25 against 2.7% and 1.4% in Q2FY24, with ~ZERO write offs.
The Bank offers a wide range of banking products both on the asset and liability side. Asset products primarily include agriculture, MSME & trading loans (working capital, machinery loans etc.) and mortgages (housing loans & LAP). The Bank targets to be the primary banker of its customers and endeavour to achieve this objective, through a mix of (i) suite of product offerings; (ii) customer service orientation; (iii) deeply entrenched physical branch network; and (iv) evolving digital channels of service delivery. abhishek.anand@adfactorspr.com
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