CSB Bank has reported a strong performance in its September quarter provisional business update, with robust growth across both deposits and advances. The lender’s total deposits rose 25% year-on-year to ₹39,651 crore, while gross advances surged 29% to ₹34,730 crore, underscoring its steady momentum in credit expansion.
Key Highlights
- Term deposits: Up 29% YoY to ₹31,257 crore.
- CASA deposits: Increased 9% YoY to ₹8,394 crore.
- Gold & jewellery loans: Advances against gold and jewellery surged 37% YoY to ₹16,457 crore, highlighting continued strength in its core loan segment.
With a market capitalisation of ₹6,586 crore, the bank’s strong operational update suggests effective deposit mobilisation and sustained growth in lending, particularly in its flagship gold loan portfolio.
Provisional Results
The figures disclosed are provisional and subject to limited auditor review, but they reflect a clear upward trajectory for the bank’s business performance.
Summary
CSB Bank delivered a strong September quarter update, with deposits up 25% to ₹39,651 crore and advances up 29% to ₹34,730 crore. Growth was led by a 37% surge in gold and jewellery loans, while term deposits rose 29% and CASA deposits climbed 9%. With a market cap of ₹6,586 crore, the bank’s performance highlights robust traction in both deposits and lending, though the results remain provisional.
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