CSB Bank’s Q4 FY24 net profit declines 3 per cent to ₹151 crore BusinessLine
Read More…
Category: Catholic Syrian Bank
CSB Bank Q4 Results: Net profit of private sector lender falls 3% to Rs 151 crore ,Companies News, Business News
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…
CSB Bank Q4 Results: Net profit drops marginally to Rs 152 crore on higher provisions
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…
Read More…
India’s CSB Bank slips as March-qtr profit falls
India’s CSB Bank slips as March-qtr profit falls
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.
Benchmarks take a breather, but broader strength endures – Business Standard
Benchmarks take a breather, but broader strength endures Business Standard
Read More…
CSB’s special savings account for senior citizens and women: Details here | Personal Finance
2 min read Last Updated : Sep 05 2023 | 9:18 AM IST
In an effort to improve the banking experience for senior citizens and female customers, private sector bank CSB Bank, has introduced specialized feature-based savings accounts that offer a diverse range of features & benefits, including discounts on Locker Rental, Complimentary Airport Lounge Access and RuPay Platinum Debit Card.
Some of the additional features and benefits include:
For senior citizens:
· Free monthly cash deposit limit of Rs 10 lakh
· Unlimited free ATM transactions at CSB Bank ATMs
· Unlimited free RTGS/NEFT transactions through net/mobile banking
· Waiver of Annual Maintenance Charges on…
Read More…
Trade Spotlight | How to trade in CSB Bank, Aegis Logistics, Exide Industries today – MSN
Trade Spotlight | How to trade in CSB Bank, Aegis Logistics, Exide Industries today MSN
Read More…
Trade Spotlight | How to trade in CSB Bank, Aegis Logistics, Exide Industries today – MSN
Trade Spotlight | How to trade in CSB Bank, Aegis Logistics, Exide Industries today MSN
Read More…
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
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…
Read More…
CSB Bank Limited’s (NSE:CSBBANK) 8.2% loss last week hit both individual investors who own 50% as well as institutions
Key Insights Significant control over CSB Bank by public companies implies that the general public has more power to influence management and governance-related decisions 59% of the business is held by the top 2 shareholders Institutional ownership in CSB Bank is 30% Every investor in CSB Bank Limited (NSE:CSBBANK) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 50% to be precise, is public companies. In other words, the group stands to gain the most (or lose the most) from their investment into the company. While the holdings of public companies took a hit after last week’s 8.2% price drop,…
Read More…