Private sector lender CSB Bank Ltd reported marginal increase of 1% in its net profit for the December quarter at ₹153 crore.
“Our growth momentum remained strong during Q3 FY26 with a deposit growth of 21% and a gross advance growth of 29% resulting in an overall growth of 25% in total business on a YoY basis,” said Pralay Mondal, Managing Director & CEO, in a regulatory filing.
Net interest income grew by 21% to ₹453 crore and non-interest income up by 26% to ₹276 crore. Net interest margin dropped to 3.86% from 4.11%.
Total deposits grew from ₹33,407 crore ₹40,460 crore. The CASA ratio declined by 4% to 21%, net advance grew by 28% to ₹28,639 crore supported by a robust growth of 46% in gold loans and 40% in wholesale banking.
Gross non-performing assets increased to 1.96% from 1.58% and net non-performing assets was 0.67% (0.64%). Capital Adequacy Ratio stood at 19.41%. Provision coverage ratio (including write off) was 79.87%.
“Asset quality parameters are well within the guided range though at a slightly elevated level from Q2 FY26. This will be a key monitorable going forward and results would be hopefully visible during the current quarter itself. All other profitability, efficiency, liquidity, and capital adequacy ratios continue to be stable and in line with the expectations,” he said.
We are gearing up to start the Scale Phase from the next fiscal, where retail growth will be emerging as the crucial game changer where lot of work is happening,” he said.
CSB long-term vision is to a be a mid-sized new age bank with a national presence by 2030 and it is working towards it.