Private sector lender CSB Bank on Friday reported a 3 per cent decline in its net profit to Rs 151 crore for the fourth quarter ended March 2024, mainly due to a rise in bad loans.
COMMERCIAL BREAKSCROLL TO CONTINUE READINGThe Kerala-based lender had earned a net profit of Rs 156 crore in the year-ago period.
During the quarter, the bank’s total income increased to Rs 991 crore against Rs 762 crore a year ago, CSB Bank said in a regulatory filing.
The interest income grew to Rs 795 crore during the period under review from Rs 636 crore in the corresponding quarter a year ago.
On the asset quality side, the bank’s gross non-performing assets (NPAs) rose to 1.47 per cent of gross advances…
Read More…