CSB Bank Q1 Update: Advances, deposits see healthy growth; Gold portfolio up 36%

Shares of CSB Bank Ltd. are in focus on Thursday, July 3, after the company reported its business update for the first quarter of the current financial year.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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