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CSB Bank reported Q1 FY26 net profit of INR119 Cr (+5% YoY) and operating profit of INR220 Cr (+28% YoY), with NIM at 3.54%. Deposit growth was strong at 20% YoY, and net advances grew 31% YoY. Asset quality metrics were GNPA 1.84% and NNPA 0.66%.
The bank successfully completed a major technology platform migration, foundational for future growth. Management expects NIM to stabilize and cost of funds to improve from Q2. They target ROA around 1.5% and ROE of 15% for FY26. Loan growth is robust, with Gold, Corporate, and SME portfolios growing over 30%. The outlook is confident on leveraging new technology for enhanced customer experience, operational efficiency, and aiming for significant scale from FY27, with credit growth expected to surpass 25% as the liability base expands.