CSB Bank

He explains the reasons behind flat profit growth in the third quarter (Q3) and margin compression

Its net interest margin stood at 4.11 per cent in Q3FY25

South Indian Bank saw its advances outpace deposit growth in Q3FY25

CSB Bank share: CSB Bank's total deposits surged 22.17 per cent year-on-year (Y-o-Y) to Rs 33,406 crore in Q3FY25

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Pralay Mondal discusses the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale

Capital Small Finance Bank, ESAF Small Finance Bank, Fedbank Financial Services and Fusion Finance have hit an all-time low in trades on Friday.

CSB Bank on Thursday reported a marginal 4 per cent rise in net profit to Rs 138 crore for the quarter ended September 2024. The Kerala-based lender had earned a net profit of Rs 133 crore in the year-ago period. Its total income rose to Rs 1,064 crore in the quarter under review from Rs 830 crore in the year-ago period, CSB Bank said in a regulatory filing. Its net interest income improved to Rs 367 crore in the July-September quarter from Rs 344 crore in the September quarter of 2023, registering a growth of 7 per cent. Asset quality of the bank deteriorated, with gross non-performing assets (NPAs) rising to 1.68 per cent of gross advances at the end of the September 2024 quarter against 1.27 per cent a year ago. The net NPAs or bad loans also rose to 0.69 per cent against 0.33 per cent in the year-ago period. Its capital adequacy ratio of the bank decreased to 22.74 per cent from 23.98 per cent at the end of September 2023.

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The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with certain directions issued by the RBI on 'Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks' and 'Master Circular on Branch Authorisation'. In another statement, the RBI said a penalty of Rs 1.06 crore has been imposed on Union Bank of India for non-compliance with certain norms on 'Creation of a Central Repository of Large Common Exposures-Across Banks' and 'Know Your Customer (KYC)'. A fine of 5 lakh has been imposed on Muthoot Housing Finance Company for non-compliance with certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021', the central bank said in another release. The RBI has also imposed a penalty of Rs 5 l

CSB Bank on Monday reported a 14 per cent decline in the June quarter net profit at Rs 113 crore due to an increase in bad loans. The private sector lender had earned a net profit of Rs 132 crore in the year-ago period. However, total income increased to Rs 1,004 crore from Rs 803 crore a year ago, CSB Bank said in a regulatory filing. Interest income grew to Rs 832 crore during the period under review, from Rs 683 crore a year ago. The bank's asset quality worsened as Gross Non-Performing Assets (NPAs) rose to 1.69 per cent of gross advances as of June 30, 2024, from 1.27 per cent at the end of the first quarter of the previous fiscal. Net NPAs also increased to 0.68 per cent of the advances, from 0.32 per cent at the end of the first quarter last year. As a result, provisions and contingencies increased to Rs 20 crore from Rs 5 crore earmarked during the same quarter a year ago. The capital adequacy ratio of the bank improved to 23.61 per cent, as compared to 25.99 per cent on

Shares of CSB Bank soared up to 7.2 per cent at Rs 402 per share on the BSE in Tuesday's intraday trade

FIH Mauritius Investments is also the promoter of Thrissur-based CSB Bank

Shares of CSB Bank surged up to 7.3 per cent at Rs 382 per share on the BSE in Thursday's intraday trade. The stock is trading near its 52-week high of Rs 421.95 touched on January 1, 2024

Private sector lender CSB Bank on Friday reported a 3 per cent decline in its net profit to Rs 151 crore for the fourth quarter ended March 2024, mainly due to a rise in bad loans. The Kerala-based lender had earned a net profit of Rs 156 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 991 crore against Rs 762 crore a year ago, CSB Bank said in a regulatory filing. The interest income grew to Rs 795 crore during the period under review from Rs 636 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross non-performing assets (NPAs) rose to 1.47 per cent of gross advances as of March 31, 2024, from 1.26 per cent at the end of March 2023. Net NPAs also rose to 0.51 per cent of the advances from 0.35 per cent at the end of 2024. As a result, provisions for bad loans rose significantly to Rs 29 crore compared to Rs 3 crore in the same quarter a year ago.

Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7% and 20%

If you look at it, gold has exactly grown in line with our bank growth, bank has grown by 23 per cent and gold has also grown by 23 per cent on a Y-o-Y basis, Pralay Mondal said

Recent bond auctions saw bids that surpassed expectations, said Alok Singh, group treasury head at CSB Bank

The bank's net interest income during the third quarter of this fiscal stood at Rs 383 crore, with an increase of 9 per cent over Rs 350 crore in Q3 of FY23

CSB Bank on Monday posted a 4 per cent decline in its profit at Rs 150 crore in the third quarter ended December 2023. The Kerala-based private sector bank had earned a net profit of Rs 156 crore in the same quarter a year ago. The total income increased to Rs 887 crore during the quarter under review, as against Rs 682 crore in the same period last year, CSB Bank said in a regulatory filing. The interest income of the bank rose to Rs 762 crore, as against Rs 592 crore in the third quarter of previous year. As regards, asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 1.22 per cent of the gross loans by the end of December 2023, from 1.45 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.31 per cent, from 0.42 per cent at the end of the third quarter of the previous fiscal.