Capital Small Finance Bank Limited
Max Life Insurance increased its stake in Capital Small Finance Bank Limited from 2.34% to 2.62% by purchasing 1,29,157 additional shares. The value of the additional shares is ₹3.76 crore.
India's first Small Finance Bank, Capital Small Finance Bank operates as a regulated financial institution focused on serving underbanked and unbanked populations across the country. The bank provides retail banking services including deposits, loans, and digital payment solutions to small businesses, micro-enterprises, and individual customers. Its distinctive approach combines financial inclusion with sustainable banking practices, targeting segments traditionally underserved by conventional banks in India's financial ecosystem.
Now branded Axis Max Life after Axis Bank took a controlling stake. Crossed Rs 1.5 lakh crore in AUM in April 2024 with over 20% YoY growth and has continued to compound. CIO Sachin Bajaj has over 25 years of investment experience and runs a multi-cap equity book across ULIP, par and non-par funds with a quality and growth tilt.