Current Affairs

Capital Small Finance Bank raised Equity Capital from OOJIF

Current context: Punjab based lender Capital Small Finance Bank has raised capital of Rs 84 crore equity capital from the Oman India Joint Investment Fund II (OIJIF) on 26th Nov 19.
Capital Small Finance Bank raised Equity Capital from OOJIF 
  • OIJIF, a growth capital private equity (PE) fund has bought a 9.9% stake in Punjab-based Capital Small Finance Bank.
  • Bangalore-based mid-market private equity fund Amicus Capital Private Equity and Amicus Capital Partners India Fund also invested Rs 38 crore in June and Rs 5 crore, respectively as part of the capital raise round.
  • ICICI Prudential Life, Small Industries Development Bank of India (SIDBI) and HDFC Life are among its investors.
  • Sarvjit Singh Samra is the founder and managing director of Capital Small Finance Bank who founded the bank in 2000.
  • The capital raised would help the bank deepen its penetration in Punjab and expand into the states of Haryana, Rajasthan and NCT (National Capital Territory) Delhi.
  • The bank has been granted an ‘in-principle’ approval from the Reserve Bank of India to set up a small finance bank.
  • OIJIF was set up in 2010 and is currently investing out of its second fund.
  • OIJIF is co-sponsored by State Bank of India (SBI) and State General Reserve Fund of Oman (SGRF).

Question: 

Q.1 The Oman India Joint Investment Fund (OIJIF) is co-sponsored by? 
a. State Bank of India (SBI)
b. State General Reserve Fund of Oman (SGRF)
c. Both a and b
d. None of the above
Capital Small Finance Bank raised Equity Capital from OOJIF Capital Small Finance Bank raised Equity Capital from OOJIF Reviewed by Neha Verma on November 27, 2019 Rating: 5

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