CSB Bank Limited — Credit Ratings, 13-08-2026: Credit Rating

India Ratings & Research has reaffirmed CSB Bank's ₹500 Cr Basel III Tier II Bonds rating at 'IND A', but revised the outlook from 'Positive' to 'Stable'. This reflects slower diversification into retail/SME loans, constrained CASA, and reliance on bulk deposits impacting profitability. The affirmation is driven by consistent advances/deposits growth, strong capital, and stable asset quality.