Buy CSB Bank at Rs 412 – ​Market Trading Guide: ONGC, Indus Towers among 5 stock recommendations for Tuesday​

Target Price: Rs 300Stop Loss: Rs 272ONGC has given a breakout of Symmetric Pattern in the northern direction, indicating an uptrend, with volume supporting the price action. On the average front, the price is trading above the Fast (50) and Slow (200) EMA indicating an uptrend in the security.The RSI is trading at the higher level, which indicates a bullish trend.(Kunal Kamble, Sr. Technical Analyst, Bonanza Portfolio)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Source: https://economictimes.indiatimes.com/markets/stocks/news/market-trading-guide-ongc-indus-towers-among-5-stock-recommendations-for-tuesday/buy-csb-bank-at-rs-412/slideshow/109320566.cms?from=mdr

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline – Business Standard

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline  Business Standard
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Source: https://www.business-standard.com/companies/news/csb-bank-net-profit-rises-19-to-rs-156-crore-as-bad-loans-decline-123042800544_1.htmlR
https://www.business-standard.com/amp/companies/news/csb-bank-net-profit-rises-19-to-rs-156-crore-as-bad-loans-decline-123042800544_1.html

Ashok Leyland partners CSB Bank for vehicle financing – Express Mobility News

Ashok Leyland has signed a Memorandum of Understanding (MoU), with CSB Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and CSB Bank to offer customized financial solutions to them.

Under this partnership, CSB Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The Bank will work towards satisfying the customers’ needs through vehicle loans with easy monthly repayment plans best suited for customers. Moreover, the bank will leverage technology to enhance customer experience.

Commenting on the partnership, Gopal Mahadevan, CFO & Director Ashok Leyland, said, “With the…
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Source: https://www.financialexpress.com/business/express-mobility-ashok-leyland-partners-csb-bank-for-vehicle-financing-3228737/lite/

CSB Bank Ltd – Q3FY24 Business Update

CSB Bank Ltd has announced the business update for the period ended December 31, 2023.The above data is provisional and is subject to a limited review by the Joint Statutory Auditors of the Bank.Shares of CSB Bank Limited was last trading in BSE at Rs. 417.00 as compared to the previous close of Rs. 417.30. The total number of shares traded during the day was 6032 in over 320 trades.The stock hit an intraday high of Rs. 421.00 and intraday low of 413.00. The net turnover during the day was Rs. 2511877.00.
Source : Equity Bulls
Keywords

CSBBank

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Source: https://www.equitybulls.com/category.php?id=341453

India’s CSB Bank up after rise in Q4 gross advances, deposits


India’s CSB Bank up after rise in Q4 gross advances, deposits

XM does not provide services to residents of the United States of America.

XM does not provide services to residents of the United States of America.


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Source: https://www.xm.com/research/markets/allNews/reuters/indias-csb-bank-up-after-rise-in-q4-gross-advances-deposits-53803835

CSB Bank Limited – Key Business Update for Q4 FY2023-24

CSB Bank Limited has announced the business updates for the period ended March 31, 2024 i.e., Q4 FY2023-24.Total Deposits for period ended March 31, 2024 was at Rs. 29,719 crores as against Rs. 27,345 crores as of December 31, 2023 and Rs. 24,506 crores as of March 31, 2023.CASA was at Rs. 8,084 crores as of March 31, 2024 vs Rs. 7,543 crores as of December 31, 2023 and Rs. 7,886 crores as of March 31, 2023.Term Deposits increased 30.17% YoY to Rs. 21,634 crores as of March 31, 2024 as against Rs. 19,802 crores as of December 31, 2023 and Rs. 16,620 crores as of March 31, 2023.Advances against Gold & Gold Jewellery (Including receivables secured against gold) was at Rs….
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Source: https://www.equitybulls.com/category.php?id=345221

CSB Bank Q2 Results: Profit rises 10% to Rs 133 crore ,Companies News, Business News

CSB Bank Q2 Results: Private sector lender CSB Bank on Friday reported a 10 per cent rise in net profit at Rs 133 crore in the second quarter ended September 2023 as bad loans declined. The Kerala-based bank had posted a net profit of Rs 121 crore in the year-ago period.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGTotal income rose to Rs 836 crore from Rs 600 crore in the same period a year ago, CSB Bank said in a regulatory filing.
During the quarter, the bank earned interest income of Rs 687 crore as compared to Rs 555 crore in the same period a year ago.
Also Read: ITC Q2 Results: Net profit rises 6% to Rs 4,955.90 crore
On the asset quality side, the bank witnessed improvement with…
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Source: https://www.zeebiz.com/companies/news-csb-bank-q2-results-profit-rises-10-to-rs-133-crore-260637/amp

CSB Bank wants to trim gold loan share to 20% of portfolio in the next few years

Kerala based lender CSB Bank is working to gradually reduce the share of gold loans in its portfolio over the next few years.“FY26 onwards, we will see a glide path of our gold loan going down to 20% by FY30 that’s very clear,” Pralay Mondal, the bank’s Managing Director and CEO told CNBC-TV18.The share of gold loans in the lender’s total advances stood at 48%, per its January-March 2024 business update. Gold loans grew around 22% year-on-year (YoY) during the fourth quarter to ₹11,817 crore.Excluding gold loans, the loan book grew 14% to ₹12,757 crore during the same period.The lender’s deposits increased 21% to ₹29,719 crore, with Current Account Savings Account (CASA)…
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Source: https://www.cnbctv18.com/business/companies/csb-bank-share-price-gold-loan-in-portfolio-casa-deposits-loan-growth-guidance-credit-costs-19392545.htm/amp