CSB Bank Limited — Updates, 28-01-2025: Press Release

Total Deposits for CSB Bank grew by 22% YoY to ₹33,407 crore as of December 31, 2024, with a CASA ratio of 24%. Net Advances increased by 26% YoY to ₹28,639 crore, driven by a robust 36% growth in gold loans. Profit After Tax (PAT) rose by 10% QoQ to ₹152 crore and by 1% YoY. Operating Profit saw a 10% increase QoQ, reaching ₹221 crore. Net Interest Income (NII) slightly declined by 2% YoY to ₹375 crore. Non-Interest Income surged 75% YoY to ₹219 crore. The bank's capital adequacy ratio stands strong at 21.08%, while gross non-performing assets improved to 1.58%, down from 1.68%. Overall, the bank's impressive business expansion and robust asset quality signal a positive outlook for investors, with notable growth potential in various segments, particularly in gold loans and SME advances. Attention is now on the upcoming CBS migration, which is expected to further enhance operational efficiency.