19 October 2024
Max Life Insurance Company Ltd, a subsidiary of Max Financial Services, has picked a 2.99% stake in Capital Small Finance Bank for ₹49.5 crore.
“This investment marks a significant milestone for Capital Small Finance Bank and reinforces our commitment to delivering exceptional value to our customers. It is a testament to the strength of our bank and the trust that Max Life Insurance Company Limited has placed in us,” Sarvjit Singh Samra, managing director and chief executive officer, Capital Small Finance Bank, was quoted as saying in a release.
Capital Small Finance Bank was established in Jalandhar, Punjab, on 24 April 2016, after a conversion from Capital Local Area Bank.
Max Life Insurance Company Ltd, a subsidiary of Max Financial Services, has picked a 2.99% stake in Capital Small Finance Bank for ₹49.5 crore. “This investment marks a significant milestone for Capital Small Finance Bank and reinforces our commitment to delivering exceptional value to our customers. It is a testament to the strength of our bank and the trust that Max Life Insurance Company Limited has placed in us,” Sarvjit Singh Samra, managing director and chief executive officer, Capital Small Finance Bank, was quoted as saying in a release. Capital Small Finance Bank was established in Jalandhar, Punjab, on 24 April 2016, after a conversion from Capital Local Area Bank.
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