CSB Bank Ltd reported a 6% increase in standalone net profit at ₹202 crore for the March quarter over the corresponding period last year, supported by strong growth in net interest income and stable asset quality.
Net Interest Income (NII) rose 25% to ₹464 crore, while interest income increased to ₹1,201 crore from ₹1,154 crore. Non-interest income grew 21% to ₹1,177 crore.
Asset quality and profitability
Gross non-performing assets increased marginally by 9 basis points to 1.66%, while net NPA declined by 12 basis points to 0.40%.
Return on assets (annualised) stood at 1.50% compared with 1.73% in the year-ago period. Net interest margin was at 3.83%.
The bank maintained its accelerated provisioning policy, with capital adequacy ratio at a healthy 20.66%, well above regulatory requirements.
Business growth
Total deposits grew 20% to ₹44,246 crore. However, CASA ratio moderated to 20% from 24%.
Net advances increased 26% to ₹39,848 crore, driven by robust growth in gold loans, which rose 53% to ₹21,567 crore, and 37% growth in wholesale banking.
CSB Bank Managing Director & Chief Executive Officer Pralay Mondal said, “We are entering the crucial Scale Phase of our SBS 2030 vision during this fiscal on a very strong note. We believe that the slur of activities planned & strategised for FY27 will help us sail through it smoothly.
Successfully navigating the teething issues associated with our large-scale Core migration during the year, we delivered solid and sustained performance across various business and profitability parameters.
As we move into the Scale Phase of SBS 2030, our focus will be on accelerating sustainable and profitable growth anchored in strong fundamentals. Leveraging our stabilised core and enhanced operational efficiency, we look forward to drive higher productivity, disciplined risk management, strong compliance culture and superior customer outcomes thereby delivering long-term value on the back of the strong customer franchise we are building,” he said.