CSB Bank posted a 16 per cent on-year growth in its Net Interest Income at Rs 1333.85 crore during FY23 as against Rs 1153.30 crore in the corresponding previous financial year. It posted a 19.38 per cent growth in PAT at Rs 547.36 crore for the financial year 2022-23 in comparison to Rs 458.49 crore during FY22. “Even though there was pressure on the cost of funds on account of the increasing interest rate environment, Net Interest Margin improved to an all time high of 5.48 per cent, up by 21 bps in the year following an increase in the credit deposit ratio and transmission of higher interest rates to the advanced customers. Gross NPA and Net NPA ratios further improved to 1.26 per…
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CSB Bank posts profit at Rs 547.36 cr, NII at Rs 1333.85 cr during FY23; aims to open 100 branches in FY24 – Industry News
