CSB Bank reports 174% YoY jump in Q1 profit at Rs 53.5 cr; stock zooms 14%

Shares of CSB Bank zoomed 14.4 per cent to Rs 227.85 per share on the BSE on Wednesday after the bank's net profit grew 174.1 per cent on a yearly basis to Rs 53.56 crore in June quarter of FY21, as against Rs 19.54 crore in Q1FY20. In the March quarter of FY20, the bank had incurred net loss of Rs 59.68 crore.

Net interest income (NII) came in at Rs 185.3 crore for the quarter under review, up 40 per cent YoY from Rs 132.4 crore earned in Q1FY20. The bank's operating profit before provisions and contigencies stood at Rs