Capital SFB's Total Deposits Grew 12% To Rs 8,384 Crore In Q3

Capital Small Finance Bank Ltd. on Thursday said that its total deposits as of Dec. 31, 2024, stood at Rs 8,384 crore.

They have grown by 12.2% year-on-year, according to the bank’s provisional quarterly business updates filed with stock exchanges on Thursday.

In comparison, in the year-ago period, the lender’s deposits were at Rs 7,482 crore.

For the same period, the small finance bank’s gross advances rose 19.2% to Rs 6,816 crore. Last fiscal, as of Dec. 31, its gross advances stood at Rs 5,718 crore.

According to the financier, for the quarter under review, the asset quality had "remained robust," with the gross non-performing assets standing at 2.67%. Last year during this period, it stood at 2.6%.

In the July-September period, the bank's NPAs stood at 2.61%.

The bank's loan-to-deposit ratio for the quarter ended Dec. 31, 2024, stood at 81.1%, against 78.4% for the year-ago similar period.

The average liquidity coverage ratio for the third quarter was at 239.2%. In comparison, in the period ending Dec. 31, 2023, it stood at 242.5%.

The SFB, which got listed on the stock markets in February last year, began operations in 2016 after converting itself from a local area bank. It is 24% owned by the promoter family, led by Sarvjit Singh Sarma and his family.

The bank offers fully secured loans to the micro, small, and medium enterprises, mortgages, and farmers in Punjab, Delhi, Haryana, Rajasthan, Himachal Pradesh, and Chandigarh.

Shares of Capital Small Finance Bank Ltd. closed 0.84% higher at Rs 294.90 apiece on the BSE, compared to a 1.83% advance in the benchmark Sensex.