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Total Operating Income increased 13.06 % to Rs 578.22 crore in the fiscal year ended March 2022, from Rs 511.44 crore in the preceding fiscal year ending March 2021.
Net profit increased by 53.43 percent to Rs 62.57 crore in the fiscal year ended March 2022, compared to Rs 40.78 crore in the fiscal year ended March 2021.
Last year, in November, Capital Small Finance Bank (CSFB) had filed DHRP for an IPO with market regulator SEBI, which includes a Rs 450 crore share issue and an offer for sale of up to 3.84 million shares by Amicus Capital Pvt Equity I LLP and others. Today, the bank gets SEBI nod to float the IPO. SEBI's remark entails that it has given the go-ahead to conduct an IPO.
The main objective of the issue is to augment the Tier-1 capital base of the bank in order to meet future capital needs. Tier I capital base was Rs 446 crore in June 2021, with a capital to risk (weighted assets ratio) of 21.12%. The issue's lead managers are Edelweiss Financial Services, Axis Capital Ltd, and SBI Capital Markets.
Capital Small Finance Bank(CSFB) has revised its interest rates on domestic term deposits of less than Rs.2 Cr. According to the official website of the bank, the new rates are effective from January 05, 2022 and following the revision, non-senior citizens will get an interest rate of 3.35% to 6.30% and senior citizens will get an interest rate of 3.85% to 6.80% on their domestic term deposit of less than Rs. 2 Cr maturing in 15 days to 900 days. The interest rates on NRO and NRE term deposits have also been adjusted by the bank.
CSFB also allows a 'Special Category' of fixed deposits under which regular customers can enjoy unique interest rates of 6.10%, 6.20%, and 6.30% on their deposits maturing in 400 Days, 600 Days and 900 Days.