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CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII

The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent

Q2 company results
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Illustration by Ajay Mohanty

T E Narasimhan Chennai
CSB Bank Ltd has reported a 137.4 per cent surge in PBT to Rs 92.1 crore during the quarter ended September 30, 2020, from  Rs 38.8 crore a year ago. Interest income rose by 24.7 per cent to Rs 470 crore from Rs 376.9 crore, a year ago.

The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent.

Net Interest Income (NII) stood at Rs 229.2 crore as against Rs 147 crore in Q2 FY 20 with an absolute growth

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