Capital Small Finance Bank Limited started operations as India's 1st Small Finance Bank on April 24, 2016, after conversion from Capital Local Area Bank. Before conversion to a Small Finance Bank, Capital Local Area Bank was operating as India's largest local area bank since January 14, 2000. The Bank is pioneered in bringing modern banking facilities to the rural areas at a low cost. The Bank is providing a safe, efficient, and service-oriented repository of savings to the local community while reducing their dependence on moneylenders by making need-based credit effortlessly available.
- The Bank transitioned from a Local Area Bank to Small Finance Bank with 47 Branches. In a short span, 105 new Branches have become operational, taking the total number of Branches to 153
- Capital Small Finance Bank has been granted scheduled status by the Reserve Bank of India vide notification dated February 16, 2017.
- Conversion of the Bank to Small Finance Bank has removed the geographical barriers for expansion, resulting in an exponential growth of the Bank in all spheres. The business of the Bank has expected to grow to Rs.18,000 crores by March 31, 2023, with 265 number of Branches.
- The total business of the Bank has crossed Rs.7,900 crores with over 6,90,000 accounts. The Bank has 80% of its presence in rural and semi-urban areas.