CSB Bank Ltd News

Fairfax not to cut CSB Bank stake in five years: MD & CEO Pralay Mondal

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

Bandhan, IDFC First, RBL, CSB Bank among 19 financial stocks at 52-week low

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 Q2 results: PAT rises 4% to Rs 138 cr, income at Rs 1,064 cr

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.

BSE Smallcap extends fall, plunges 5% in 4 days; 36 stocks hit 52-week lows

The BSE SmallCap index, the top loser among broader market indices, slipped 1,261 points or 2.3 per cent at 54,387, at 10:30 AM

Voda Idea, Suzlon: Trading strategies in stocks where FIIs increased stake

Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.

CSB Bank Q1 results: Net profit drops 14% to Rs 113 cr as provisions rise

The provisions for non-performing assets rose 273 per cent to Rs 20 crore from Rs 4 crore in Q1 FY24

CSB Bank Q1 results: Profit falls 14% to Rs 113 cr due to rise in bad loans

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

CSB Bank stock up 7% on steady growth in advances, total deposits in Q1FY25

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

CSB Bank soars 7% after promoter likely sells 17 mn shares via block deal

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