Fairfax-backed CSB Bank on Friday reported a marginal fall in net profit for the March quarter at Rs 152 crore, owing to higher provisions to cover credit losses.It had earned a net profit of Rs 156 crore in the year ago quarter. The bank has made provisions of Rs 22 crore during the quarter against a provision write-back of Rs 9 crore earlier.Its net interest margin for the quarter was 34 basis points lower at 5.04% against what it was in the year-ago quarter.The bank’s share price nosedived immediately after the quarterly results announcement and closed 4.6% lower at Rs 386.20 on the BSE.The bank’s operating profit however rose 13% year-on-year at Rs 228 crore, backed by 11% higher net…
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