Capital Small Finance Bank Q3 Results: Profit rises 17% YoY to Rs 34 crore

Capital Small Finance Bank has reported a 17% rise in net profit at Rs 34 crore for the third quarter ending December 30, 2024 against Rs 29 crore in the year-ago quarter.

Operating profit was 20% higher at Rs 48 crore against Rs 40 crore.

The net interest margin for the Jalandhar-headquartered bank was at 4.3% in the third quarter, improved from 3.9% in the year-ago period.


The bank is targeting to raise the NIM further to 4.4%, executive director Munish Jain said. "We will focus on growing our non-fund based business in the next fiscal," he said.

The bank, which operates in the country's north-west belt, grew advances 19% year-on-year to Rs 6,816 crore with 99% of it being secured loans.

Deposit grew 12% to Rs 8384 crore with the current and savings account ratio being at 39%.

"We build customer relations in both the asset and liability side and this helped in overcoming the challenges in deposit mobilisation." managing director Sarvjit Singh Samra said.