The net profit of CSB Bank rose 10% year-on-year(y-o-y) in July-September due to a growth in its loan book.
The bank posted a bottomline of Rs 133.2 crore in the quarter under review, up 1% on a sequential basis.
The bank’s gross advances rose 27% y-o-y to Rs 22,468 crore as on September 30.
Specifically, gold loans rose 32% y-o-y to Rs 10,619 crore. Corporate loans rose 17% y-o-y to Rs 6,162 crore. Retail loans rose 38% y-o-y to Rs 3,310 crore.
Small and medium-sized enterprises loans rose 22% y-o-y to Rs 2,377 crore.
Deposits rose 21% y-o-y to Rs 25,438 crore as on September 30. Current account savings account(CASA) ratio falls to 29.28% as on September 30 from 34.27% a year ago.
Net interest income, which is the difference earned and interest expended rose 6% y-o-y to Rs 343.7 crore in the September quarter. It fell 6% on a sequential basis.
Net interest margin fell to 4.84% in July-September from 5.60% a year ago. Return on assets fell 14 basis points y-o-y to 1.7% in the September quarter.
Gross non-performing asset ratio was at 1.27% as on September 30, unchanged on quarter. Net non-performing asset ratio rose to 0.33% as on September 30 from 0.32% a quarter ago.
Upgrades and recoveries to Rs 40 crore in the quarter under review from Rs 33 crore a year ago.