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Capital Small Finance Bank Limited (CAPITALSFB)

₹273.35 +0.59% last close, 16 Oct

📊 NSE: CAPITALSFB 🏢 Banks - Private Sector 📢 Latest filing: 07 Oct 2026 📝 Analysis written: 13 Dec 2025

Q2 FY27 results

📅 Next results: 29 Oct 2026 (board meeting)

Capital Small Finance Bank Limited's board meets on 29 Oct 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, Capital Small's net interest income was ₹134 Cr (+21.4% year on year, +10.3% on the previous quarter), and net profit ₹41.3 Cr (+29.1% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹134	+21.4%	+10.3%
Operating profit	₹64.3	—	—
Net profit	₹41.3	+29.1%	+3.2%
EPS (₹)	9.09	+28.6%	+3.1%
Gross NPA	2.47%	—	—

Full quarterly financials → Results calendar →

CAPITALSFB delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 82.62% of the CAPITALSFB shares traded on NSE were taken to delivery, against the stock's own 20-session average of 61.9%. That is higher than usual for this stock. Turnover was only ₹44 lakh, so a handful of trades can move this figure. Volume was 0.5 times its average, well below normal.

82.62%Delivery, 16 Oct

61.9%Own 20-session average

0.5×Volume vs its average

₹273.35NSE close · +0.59%

Delivery in the last 5 sessions: 66.2% · 64.3% · 57.8% · 49.4% · 82.6%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Capital Small Finance Bank Submits Regulation 74(5) Demat Compliance Certificate for Q2 FY27

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 07 Oct 2026, 12:30 PM

Capital Small Finance Bank Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate was issued by the bank's Registrar and Transfer Agent, MUFG Intime India Private Limited, for the quarter ended September 30, 2026. It confirms that securities received for dematerialisation during the quarter were processed, confirmed or rejected, and mutilated within prescribed timelines. This is a standard quarterly administrative compliance filing with no operational or financial impact.

Compliance certificate submitted under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Covers dematerialisation activity for the quarter ended September 30, 2026
Issued by RTA MUFG Intime India Private Limited dated October 05, 2026

💡 No action is required as this is a routine regulatory filing; investors should track upcoming Q2 FY27 financial results.

Capital Small Finance Bank Allots 25,885 Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Oct 2026, 04:30 PM

Capital Small Finance Bank Limited's Securities Committee approved the allotment of 25,885 equity shares of face value Rs 10 each on October 06, 2026. This includes 885 shares under the MRT Plan to Mr. Santosh Kumar Dhawan and 25,000 shares at Rs 171 per share (including Rs 161 premium) under ESOP Plan 2023. Following this allotment, the bank's paid-up equity share capital increased to Rs 45.49 crore, comprising 4,54,91,070 shares. The dilution is negligible compared to the bank's total equity base.

Allotted 25,000 equity shares at an issue price of Rs 171 per share (face value Rs 10, premium Rs 161) under ESOP Plan 2023
Allotted 885 equity shares of Rs 10 face value aggregating to Rs 8,850 under the Material Risk Takers (MRT) Plan
Paid-up equity capital increased to Rs 45,49,10,700 divided into 4,54,91,070 equity shares

💡 Track quarterly results and operational metrics such as branch additions and credit growth; no investor action is required on routine ESOP exercises.

Capital Small Finance Bank Allots 25,885 Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Oct 2026, 04:29 PM

Allotted 25,000 equity shares at an issue price of Rs 171 per share (face value Rs 10, premium Rs 161) under ESOP Plan 2023
Allotted 885 equity shares of Rs 10 face value aggregating to Rs 8,850 under the Material Risk Takers (MRT) Plan
Paid-up equity capital increased to Rs 45,49,10,700 divided into 4,54,91,070 equity shares

💡 Track quarterly results and operational metrics such as branch additions and credit growth; no investor action is required on routine ESOP exercises.

Capital Small Finance Bank Allots 25,885 Equity Shares Under ESOP Schemes

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 06 Oct 2026, 04:28 PM

Allotted 25,000 equity shares at an issue price of Rs 171 per share (face value Rs 10, premium Rs 161) under ESOP Plan 2023
Allotted 885 equity shares of Rs 10 face value aggregating to Rs 8,850 under the Material Risk Takers (MRT) Plan
Paid-up equity capital increased to Rs 45,49,10,700 divided into 4,54,91,070 equity shares

💡 Track quarterly results and operational metrics such as branch additions and credit growth; no investor action is required on routine ESOP exercises.

Capital Small Finance Bank Schedules Securities Committee Meeting for Oct 6, 2026

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 01 Oct 2026, 01:29 PM

Capital Small Finance Bank has notified the stock exchanges that its Securities Committee will meet on October 06, 2026. The agenda includes considering the allotment of equity shares under the ESOP for Material Risk Takers and ESOP 2023. The exact number of shares proposed for allotment was not disclosed in the filing. Given the routine nature of ESOP allotments, this is an administrative update with minimal near-term financial impact.

Securities Committee meeting scheduled for October 06, 2026
Meeting agenda covers allotment under ESOP for Material Risk Takers
Agenda also includes share allotment under CSFB Limited — Employees Stock Option Plan 2023
Filing made on October 01, 2026, pursuant to SEBI LODR Regulation 29

💡 Track the post-meeting outcome filing on October 06, 2026, to determine the exact quantum of shares allotted and any resultant equity dilution.

Capital SFB Q2 FY27 Updates: Gross Advances Up 23.4% YoY to ₹9,755 Cr, GNPA Drops to 2.36%

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 01 Oct 2026, 01:14 PM

Capital Small Finance Bank reported strong business metrics for Q2 ended September 30, 2026. Gross advances rose 23.4% YoY and 7.5% QoQ to ₹9,755 crore, driven by a 36.0% YoY jump in quarterly disbursements to ₹1,095 crore. Total deposits expanded 16.2% YoY to ₹10,831 crore, with CASA deposits reaching ₹3,734 crore (34.5% ratio vs 33.9% last year). Asset quality improved as Gross NPA reduced to 2.36% compared to 2.47% in Q1 and 2.70% a year ago.

Gross Advances grew 23.4% YoY and 7.5% QoQ to ₹9,755 crore
Quarterly disbursements rose 36.0% YoY to ₹1,095 crore
Gross NPA improved to 2.36% vs 2.47% in June 2026 and 2.70% in September 2025
Total deposits grew 16.2% YoY to ₹10,831 crore with CASA at 34.5% (₹3,734 crore)
Average CD ratio stood at 85.4% compared to 81.5% in the year-ago period

💡 Track the full Q2 financial results to assess how the CD ratio expansion to 85.4% and deposit costs impact net interest margins (NIMs) and profitability.

Capital Small Finance Bank Appoints Rachna Dikshit as Part-Time Chairperson, Conrad D'souza to Board

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 Sep 2026, 06:10 PM

Capital Small Finance Bank's Board approved the appointment of Mrs. Rachna Dikshit as Part Time Chairperson for a 3-year term beginning January 30, 2027, subject to RBI and shareholder approvals. The Board also appointed Mr. Joseph Conrad Agnelo D’souza as Additional Director (Non-Executive Independent) for a 5-year term effective September 28, 2026. Mrs. Dikshit was formerly Chief General Manager at the RBI, while Mr. D'souza brings over 39 years of experience from HDFC Limited where he served as Member of Executive Management and Treasurer.

Appointment of Mrs. Rachna Dikshit as Part Time Chairperson for 3 years effective January 30, 2027
Appointment of Mr. Joseph Conrad Agnelo D’souza as Non-Executive Independent Director for 5 years effective September 28, 2026
Shareholder approval for Mr. D'souza to be obtained within 3 months
Both appointees hold nil shares in the bank and have no inter-se relationship with existing directors

💡 Track receipt of RBI approval and shareholder voting outcomes for the proposed leadership appointments.

Capital Small Finance Bank Appoints Rachna Dikshit as Chair and J.C. D'souza as Independent Director

🟡 NEUTRAL ⭐ 5/10

MANAGEMENT 📅 28 Sep 2026, 06:00 PM

Capital Small Finance Bank has approved the appointment of Mrs. Rachna Dikshit as Part-Time Chairperson for a 3-year term starting January 30, 2027, subject to RBI and shareholder approvals. Additionally, former HDFC veteran Mr. Joseph Conrad Agnelo D’souza has been appointed as an Additional Independent Director for a 5-year term effective September 28, 2026. Mrs. Dikshit is a former Chief General Manager at the RBI, while Mr. D'souza brings over 39 years of experience from HDFC across strategy, treasury, and investor relations. Both appointees hold zero equity shares in the bank.

Appointment of Mrs. Rachna Dikshit as Part Time Chairperson for 3 years effective January 30, 2027
Appointment of Mr. Joseph Conrad Agnelo D’souza as Additional Independent Director for 5 years effective September 28, 2026
Shareholder approval for Mr. D'souza's appointment to be obtained within 3 months
Both appointees report nil shareholding in the bank

💡 Track the receipt of necessary regulatory approvals from the Reserve Bank of India (RBI) and subsequent shareholder voting outcomes.

Capital Small Finance Bank Schedules Virtual Investor Group Meeting for September 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Sep 2026, 12:55 PM

Capital Small Finance Bank has informed the exchanges about an upcoming analyst and institutional investor meeting. Bank officials are scheduled to participate in a 1x1 or group meeting virtually on September 30, 2026, from 11:30 AM onwards. The bank confirmed that no unpublished price-sensitive information (UPSI) will be discussed during the interaction.

Investor meeting date scheduled for 30th September 2026
Meeting timing announced from 11:30 AM Onwards
Meeting format confirmed as 1x1 / Group Meeting held virtually
Bank confirmed no Unpublished Price Sensitive Information will be shared

💡 Track subsequent post-meet disclosures or investor presentations filed by the bank on the exchanges following the September 30 meeting.

Capital Small Finance Bank to Attend Anand Rathi Investor Conference on Sept 21, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 15 Sep 2026, 01:07 PM

Capital Small Finance Bank Limited has scheduled an analyst and institutional investor meeting on Monday, September 21, 2026. The bank's management will participate in 1x1 and group meetings organized by Anand Rathi at Taj, Santacruz, Mumbai from 2:00 pm to 6:00 pm. The bank confirmed that no unpublished price sensitive information (UPSI) will be shared during the conference. The announcement is a routine compliance disclosure under Regulation 30 of SEBI LODR.

Meeting date scheduled for Monday, September 21, 2026
Meeting time window set from 2:00 pm to 6:00 pm
Format includes 1x1 and group meetings organized by Anand Rathi
Bank confirmed no unpublished price sensitive information (UPSI) will be discussed

💡 Monitor post-meet investor presentations or disclosures on the exchanges for any qualitative updates regarding branch expansion and loan growth strategies.

Capital Small Finance Bank Schedules Investor Meeting in Pune on September 3, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Aug 2026, 05:27 PM

Capital Small Finance Bank Limited has informed the exchanges that bank officials are scheduled to participate in a 1x1 / Group Analyst and Institutional Investor meeting on September 3, 2026, at 11:00 AM in Pune. The bank confirmed that no unpublished price sensitive information (UPSI) will be shared during the interactions. This is a routine regulatory intimation under Regulation 30 of SEBI LODR Regulations.

Meeting scheduled for September 3, 2026, at 11:00 a.m. IST
Format consists of 1x1 / Group meeting held in Pune
Filing confirms no unpublished price sensitive information (UPSI) will be shared

💡 Track subsequent post-meet presentation uploads or investor disclosures on the stock exchanges, if any, for strategic commentary.

Capital Small Finance Bank to Attend Elara India Dialogue Conference on September 2, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 25 Aug 2026, 10:17 AM

Capital Small Finance Bank Limited has scheduled to participate in the 'ASHWAMEDH – Elara India Dialogue 2026 Conference' on September 2, 2026, in Mumbai. The bank's management will conduct 1x1 and group meetings starting from 2:00 PM onwards. The filing confirms that no unpublished price sensitive information (UPSI) will be shared during the sessions.

Conference scheduled for September 2, 2026, starting at 2:00 PM onwards
Organized by Elara Capital under the name 'ASHWAMEDH – Elara India Dialogue 2026'
Format involves 1x1 and group investor meetings in Mumbai
Company confirmed that no unpublished price sensitive information (UPSI) will be shared

💡 Track post-conference investor presentation updates or transcripts if uploaded by the bank on exchange disclosures.

Capital SFB Grants 3,561 ESOPs to Chief Advisor (Credit & Recovery)

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Aug 2026, 03:45 PM

Capital Small Finance Bank's Nomination and Remuneration Committee approved the grant of 3,561 stock options to Mr. Santosh Kumar Dhawan, Chief Advisor (Credit & Recovery), as part of variable pay for FY 2025-26. The options are granted at an exercise price of Rs. 10 per share and will vest in three equal tranches of 1,187 shares between August 2027 and April 2029. With the bank's market capitalization around Rs 1,295 crore, this small grant results in negligible equity dilution of less than 0.01%.

Grant of 3,561 equity stock options of face value Rs. 10 each.
Exercise price set at Rs. 10 per share.
Three-part vesting schedule: 1,187 options on Aug 24, 2027; 1,187 on Apr 30, 2028; and 1,187 on Apr 30, 2029.
Exercise window is 1 year from each respective vesting date.

💡 This is a routine administrative filing; investors should continue tracking quarterly financial results and asset quality metrics.

25,582 ESOPs granted to Executive Director Munish Jain at Rs 10 exercise price

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 11 Aug 2026, 05:33 PM

Capital Small Finance Bank has granted 25,582 ESOPs to its Executive Director, Mr. Munish Jain, as part of his variable pay for FY 2025-26. This follows a specific approval from the Reserve Bank of India (RBI) dated August 06, 2026. The grant represents 50% of his variable pay, which is deferred over a three-year period to align with regulatory requirements for material risk-takers. The options are priced at the face value of Rs 10 per share.

Grant of 25,582 equity shares under the Employee Stock Option Plan for Material Risk Takers.
Exercise price is set at the face value of Rs 10 per share.
Vesting is deferred over three years: 8,527 shares in Aug 2027, 8,527 in April 2028, and 8,528 in April 2029.
RBI approved the variable pay structure via letter dated August 06, 2026.
Exercise period is limited to one year from each respective vesting date.

💡 This is a routine regulatory disclosure. Investors should note the alignment of executive compensation with long-term performance through the three-year deferral period.

22% Advance Growth in Q1 FY27; Capital SFB Targets Universal Bank License

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 30 Jul 2026, 03:27 PM

Capital Small Finance Bank reported a 22% YoY growth in gross advances to ‡9,074 cr for Q1 FY27, with a net profit of ‡41 cr. The bank maintains a highly secured loan book (97.4% secured) and a conservative Credit-to-Deposit (CD) ratio of 83%. Management highlighted that growth in markets outside Punjab exceeded 30% YoY, aiding geographic diversification. A key strategic focus is transitioning to a Universal Bank license, which requires bringing Net NPA (currently 1.14%) below the 1% threshold.

Gross advances increased 22% YoY to ‡9,074 cr, led by MSME and business loans.
CASA ratio improved to 36.7% from 34.7% in March 2026, showing retail liability strength.
Asset quality improved with GNPA at 2.47% (down 28 bps YoY) and NNPA at 1.14%.
Disbursements for the quarter stood at ‡1,009 cr, representing 17% YoY growth.
Non-Punjab geographies recorded over 30% YoY growth, reducing regional concentration risks.

💡 Watch for the bank's ability to bring Net NPA below 1% in coming quarters, as this is the stated internal milestone for a Universal Bank license application. Additionally, monitor if the bank can maintain its 4.21% NIM as it expands outside its core Punjab market.

View All CAPITALSFB Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Gross advances grew 17% YoY to INR 7,184 Cr in FY25. MSME and business segments are primary drivers, growing 33% YoY and 11% QoQ as of Q2 FY26. Agriculture remains the largest segment at 32% of advances, while Mortgages/Housing loans account for 24.07% of AUM.

Geographic Revenue Split

High geographic concentration with Punjab accounting for 79% of the total loan portfolio and 92% of deposits as of December 2024. However, out-of-Punjab advances are growing at twice the bank's overall rate, constituting 23% of the portfolio by September 2025.

Profitability Margins

Net Interest Margin (NIM) improved to 4.2% in FY25 from 3.9% in FY24. Return on Assets (RoA) was 1.27% in FY25 and improved to 1.3% in Q2 FY26. Return on Equity (RoE) stood at 10.4% in FY25, down from 14.6% in FY24 due to the capital infusion from the IPO.

EBITDA Margin

Operating profit before provisions grew at a CAGR of 33% from FY19 (INR 34.28 Cr) to FY25 (INR 187.07 Cr). Cost-to-income ratio improved significantly from 70.75% in FY21 to 62.30% in FY25, reflecting enhanced operational efficiency.

Capital Expenditure

The bank raised INR 523 Cr through an IPO in February 2024 (INR 450 Cr fresh issue). Planned expansion includes increasing the branch network by 1.5x from 199 branches in Q2 FY26 to over 300 branches by FY29 to support a 2x growth in the total business book.

Credit Rating & Borrowing

CARE Ratings reaffirmed ratings based on a strong liability franchise and CAR of 25.82% (Dec 2024). Cost of deposits increased to 5.9% in FY25 from 5.6% in FY24 due to industry-wide interest rate hikes and a shift toward term deposits.

⚙️ Operational Drivers

Raw Materials

The primary 'raw material' is Cost of Funds, specifically Deposits (CASA and Term Deposits) representing 100% of the liability-side sourcing cost. CASA ratio stands at 36.9% as of March 2025.

Import Sources

Sourced domestically across 5 states and 2 union territories, with 92% of deposits originating from Punjab as of late 2024.

Key Suppliers

Not applicable as a financial institution; however, the bank relies on a granular retail deposit base rather than bulk institutional suppliers, with 74% of deposits coming from Semi-Urban and Rural (SURU) branches.

Capacity Expansion

Current branch network is 199 branches as of September 2025. The bank plans to expand to 300+ branches by FY29, representing a 50% increase in physical infrastructure to capture more market share.

Raw Material Costs

Cost of deposits is 5.9% of average deposit value. The bank manages this through a high CASA ratio (36.9%) and a focus on retail deposits to maintain one of the lowest cost of funds among Small Finance Banks.

Manufacturing Efficiency

Credit-to-Deposit (CD) ratio is being optimized in favor of asset creation. The bank maintains a high Liquidity Coverage Ratio (LCR) of 234% as of Q2 FY26, well above regulatory requirements.

Logistics & Distribution

Distribution is handled via 199 branches and digital channels. 77% of branches are located in SURU markets to target the underserved middle-income segment.

📈 Strategic Growth

Expected Growth Rate

15-18%

Growth Strategy

The bank aims to double its advance book to INR 16,000+ Cr by FY29 by expanding its branch network to 300+, diversifying geographically outside Punjab (where growth is already 2x the bank average), and focusing on secured lending (99% collateralized) in MSME and Mortgage segments.

Products & Services

Agriculture loans, MSME/Business loans, Mortgages (Housing and LAP), Vehicle loans, and retail banking services including Savings and Current accounts.

Brand Portfolio

Capital Small Finance Bank (Capital SFB).

New Products/Services

Increased focus on secured asset classes like Loans Against Property (LAP) and Housing Finance to diversify away from microfinance-related risks. New digital banking initiatives are expected to enhance fee income through cross-selling.

Market Expansion

Expansion into newer operating geographies outside Punjab, which currently constitutes 23% of the portfolio but is growing at twice the bank's baseline rate.

Market Share & Ranking

India's first Small Finance Bank (transitioned from Local Area Bank in 2016); holds a leading position in the SURU markets of Punjab.

Strategic Alliances

The bank is exploring strategic opportunities, including potential mergers or amalgamations, to reduce concentration risk and scale operations.

🌍 External Factors

Industry Trends

The SFB industry is shifting toward secured lending and universal bank transitions. Industry credit growth is forecasted at 14-16% for FY26, driven by financial inclusion and government initiatives like PMJDY.

Competitive Landscape

Competes with PSUs, Private SCBs, other SFBs, NBFCs, and Fintech firms, leading to pressure on market share and NIMs.

Competitive Moat

The moat is built on a 'strong liability franchise' with a high CASA ratio (36.9%) and a 99% secured loan book. This provides a lower cost of funds and more stable asset quality compared to microfinance-heavy SFB peers.

Macro Economic Sensitivity

Highly sensitive to India's GDP growth (7.8% in Q1 FY26) and rural consumption patterns, as 77% of branches are in rural/semi-urban areas.

Consumer Behavior

Shift in consumer preference toward higher-yielding term deposits is putting pressure on CASA ratios across the banking industry.

Geopolitical Risks

Minimal direct exposure, but sensitive to national monetary policy changes by the RBI that affect interest rate cycles.

⚖️ Regulatory & Governance

Industry Regulations

Subject to RBI SFB prudential norms, including a minimum CAR of 15% (Bank is at 24.2%) and Liquidity Coverage Ratio (LCR) requirements. Eligibility for universal banking requires a 5-year satisfactory track record.

Environmental Compliance

The bank follows a CSR policy with an allocation of INR 2.38 Cr in FY25 toward education, health, and social welfare.

Taxation Policy Impact

Standard corporate tax rates for banking institutions apply; Profit Before Tax was INR 175.13 Cr vs Profit After Tax of INR 131.65 Cr in FY25.

Legal Contingencies

Not disclosed in available documents; the bank emphasizes a strong governance framework and proactive risk assessment to minimize legal disputes.

⚠️ Risk Analysis

Key Uncertainties

Potential stress in the microfinance sector and rising interest rates could impact profitability by 5-10% if asset quality deteriorates or margins compress.