National, August 20, 2024: Capital Small Finance Bank is pleased to announce its entry in the Jammu region, with opening of the branch at Residency Road, Jammu. This new branch is a pivotal step in the Bank’s expansion strategy and the branch will be targeting middle income group segment, MSME lending, mortgage lending and shall be providing range of banking products and services tailored to meet the diverse needs of our customer segment.
Commenting on the launch, Mr. Sarvjit Singh Samra, MD & CEO, Capital Small Finance Bank, said, “We are excited to extend our banking services to the people of Jammu. Our new branch reflects our commitment to fostering financial inclusion and supporting the local economy by offering customized solutions to the middle-income group segment with special emphasis on MSME and mortgage lending. With a customer-first approach, we aim to empower the region economically.”
The Jammu branch will feature a wide array of products and services, including savings accounts, business loans, mortgage loans, and investment options, tailored to meet the evolving financial needs of the customers.
The Bank is presently operating in the five states and UT Chandigarh, with this expansion, will be serving six states and UT Chandigarh. This launch marks Capital Small Finance Bank’s 179th branch in India, with plan to take this tally to 200+ branches by the end of FY 2025. As part of the current year expansion, the Bank plans to expand its footprints in the state of Rajasthan, Haryana, Jammu in addition to the home state of Punjab. Capital SFB remains dedicated to expanding its network and enhancing its service offerings to meet the growing needs of its customers.
About Capital Small Finance Bank:
Capital Small Finance Bank (CAPITAL SFB) is a bank headquartered at Jalandhar, Punjab, India. 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. The core strategy of the Bank is to build a retail centric business focusing Middle-Income Group, customer relationship-based banking, diversified & secured lending and with a special emphasis on rural and semi urban geographies. For more details, log on to www.capitalbank.co.in or email at publicrelations@capitalbank.co.in.