Shareholders of CSB Bank approved the bank’s audited financial statements for FY26, reporting a net profit of ₹633 crore, at its 105th Annual General Meeting on August 21, 2026.

The meeting also saw the appointment of M P Chitale & Co, Chartered Accountants, Mumbai, as one of the Joint Statutory Auditors for a continuous period of three years (FY27 to FY29), subject to RBI approval. The CSB Bank Employee Stock Option Scheme 2026 (ESOS 2026) and material related-party transactions with promoter entities FIH Mauritius Investments Ltd and FIH Private Investments Ltd were also approved. All resolutions passed with the requisite majority.

Financial Performance Highlights

The bank reported robust growth in key business metrics for the fiscal year ended March 31, 2026. Total income rose by 24% to ₹5,682 crore, while operating profit grew 19% year-on-year to ₹1,085 crore.

Deposits increased by ₹7,384 crore to reach ₹44,246 crore, outpacing the industry average growth of approximately 11.5%. Gross advances grew by ₹8,341 crore to ₹39,848 crore, driven primarily by expansion in gold loans and the wholesale book. The bank maintained a Capital Adequacy Ratio (CRAR) of 20.66%, significantly above the industry average of 17.70%.

Asset Quality and Margins

Asset quality remained stable with Gross NPA at 1.66% (₹670 crore) and Net NPA at 0.40% (₹158 crore). The Provisioning Coverage Ratio (PCR) stood at 86.33% including Provisioning for Write-offs (PWO).

Profitability metrics showed strength, with Net Interest Margin (NIM) at 3.76%, compared to the industry average of 3.3%. Return on Assets (ROA) was 1.29%, matching the industry average, while Return on Equity (ROE) was reported at 14.14%, surpassing the industry average of 12.60%. The cost-to-income ratio stood at 62.53%.

Strategic Initiatives and Governance

Chairperson Biswamohan Mahapatra and MD & CEO Pralay Mondal highlighted the bank’s transition into the ‘Scale’ phase of its SBS 2030 vision. Key strategic priorities include accelerating customer acquisition, strengthening the CASA franchise (currently at 19.96%), and reshaping the portfolio mix towards greater resilience. The bank recently completed its migration to Oracle FLEXCUBE, enhancing operational efficiency and data-driven decision-making.

Auditor Appointment Details

Pursuant to Regulation 30 of SEBI’s LODR Regulations and Section 30(1A) of the Banking Regulation Act, 1949, shareholders approved the appointment of M P Chitale & Co (Firm Registration Number: 101851W) as Joint Statutory Auditor. The firm will hold office from the conclusion of the 105th AGM till the conclusion of the 108th AGM, subject to specific RBI approval for each financial year during their tenure.

Voting Results

The scrutinizer, P.D. Vincent of SVJS & Associates, confirmed that all resolutions were passed. Notably:

• The adoption of financial statements received near-unanimous support.
• The ESOS 2026 scheme received 96.19% affirmative votes.
• Related-party transaction approvals were passed with promoters abstaining from voting as required.

Joint Statutory Auditors Walker Chandiok & Co. LLP and Sundaram & Srinivasan issued unqualified opinions on the financial statements for FY26.

Promoter FIH Mauritius Investments Ltd voted on all items except the related-party transactions (Items 5 and 6). Pursuant to Section 12(2) of the Banking Regulation Act, 1949, and RBI directions dated November 28, 2025, the promoter’s voting rights are capped at 26% of total voting rights, despite holding 40% of paid-up capital. Consequently, only 26% of their votes were considered. Additionally, 3,540,474 equity shares held by the CSB ESOS Trust did not feature in the results as they carry no voting rights under SEBI regulations.

CSB Bank held a one-on-one virtual meeting with Persistence Capital on August 10, 2026. The engagement, disclosed to the stock exchanges, did not involve the sharing of any unpublished price sensitive information (UPSI). This routine interaction reflects the bank’s ongoing dialogue with institutional investors.

The disclosure was made pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Sijo Varghese, Company Secretary, signed the filing submitted to both BSE Limited and the National Stock Exchange of India Ltd.

Meeting Details

The bank provided specific particulars regarding the nature and outcome of the investor interaction.

Compliance Context

Under SEBI Listing Regulations, listed entities must disclose details of meetings with analysts or institutional investors if any UPSI is shared. In this instance, CSB Bank confirmed that the discussion remained within public domain information, thereby negating the need for a broader market disclosure regarding specific financial metrics or strategic updates. The filing serves as a procedural record of compliance rather than a source of new material data.