CSB Bank’s total deposits for the first quarter increased by 20% to ₹35,990 crore in comparison to ₹29,920 crore in the year-ago period.
The lender’s gross advances increased by 32% to ₹33,142 crore in the June quarter. It reported gross advances of ₹25,099 crore in the same period of the previous fiscal.
CSB Bank’s advances against gold and gold jewellery in the first quarter stood at ₹14,928 crore. This was 36% higher than the ₹10,947 crore it reported in the same period of the previous financial year.
Its current account savings account (CASA) deposits were up 14% in the first quarter at ₹8,465 crore in comparison to ₹7,449 crore in the year-ago period.
Last week, the lender’s board approve the re-appointment of Pralay Mondal as the managing director and CEO for another three years, from September 15, 2025 to September 14, 2028.
In the previous quarter, CSB Bank reported a 25% increase in net profit to ₹190 crore from the previous year, aided by a sharp jump in other income, which more than doubled to ₹381.5 crore. Net interest income, however, declined 3.9% to ₹371 crore.
Its asset quality remained steady, with gross non-performing assets (GNPAs) at 1.57%, marginally lower than 1.58% in the previous quarter. Net NPA improved to 0.52% from 0.64% in the comparable quarter.
CSB Bank shares ended the previous session 1.56% lower at ₹390.7 apiece. The stock has gained 24.4% this year, so far.
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