CSB Bank FY26 Results: PAT ₹633 Crore, Deposits Up 20% to ₹44,246 Cr
CSB Bank reported FY26 net profit of ₹633 crore, up 7% YoY, with total deposits growing 20% to ₹44,246 crore and net advances increasing 26% to ₹39,848 crore. Net Interest Income grew 17% to ₹1,720 crore, while asset quality improved with GNPA at 1.66% and NNPA at 0.40%. Capital Adequacy Ratio stood at 20.66%.
*this image is generated using AI for illustrative purposes only.
CSB Bank Limited's Board of Directors approved the audited financial results for the quarter and financial year ended March 31, 2026, at their meeting held on May 4, 2026. The results were reviewed by the Audit Committee and audited by joint statutory auditors Walker Chandiook & Co LLP and Sundaram & Srinivasan, Chartered Accountants, who issued an unmodified audit report. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank released an investor presentation on financial and business performance for Q4FY26 and FY 2025-26.
Financial Performance Overview
CSB Bank delivered steady growth across key parameters for the financial year ended March 31, 2026. Total deposits grew by 20% YoY from ₹36,861 crore as on March 31, 2025 to ₹44,246 crore as on March 31, 2026, with a CASA ratio of 20%. Net advances increased by 26% YoY from ₹31,507 crore to ₹39,848 crore, supported by robust growth of 53% in gold loans and 37% in wholesale banking on a YoY basis.
Net Interest Income (NII) grew by 25% YoY from ₹371 crore for Q4 FY25 to ₹464 crore for Q4 FY26, and up 2% QoQ from ₹453 crore for Q3 FY26. For FY26, NII grew by 17% to ₹1,720 crore against ₹1,476 crore in FY25. Non-Interest Income grew by 21% from ₹972 crore for FY25 to ₹1,177 crore for FY26.
| (Rs Crore) | Q4 FY26 | Q4 FY25 | YoY (%) | Q3 FY26 | QoQ (%) | FY26 | FY25 | YoY (%) |
|---|---|---|---|---|---|---|---|---|
| Interest Income | 1,201 | 981 | 22% | 1,154 | 4% | 4,505 | 3,597 | 25% |
| Interest Expense | 737 | 610 | 21% | 701 | 5% | 2,785 | 2,121 | 31% |
| Net Interest Income | 464 | 371 | 25% | 453 | 2% | 1,720 | 1,476 | 17% |
| Other Income | 306 | 381 | -20% | 276 | 11% | 1,177 | 972 | 21% |
| Net Operating Income | 770 | 753 | 2% | 730 | 6% | 2,897 | 2,448 | 18% |
| Total Opex | 477 | 436 | 9% | 438 | 9% | 1,812 | 1,538 | 18% |
| Operating Profit | 294 | 317 | -7% | 292 | 1% | 1,085 | 910 | 19% |
| Provisions other than Tax | 23 | 60 | -62% | 87 | -73% | 234 | 111 | 112% |
| PBT | 271 | 257 | 6% | 205 | 32% | 851 | 800 | 6% |
| Tax | 69 | 66 | 5% | 53 | 31% | 218 | 206 | 6% |
| PAT | 202 | 190 | 6% | 153 | 32% | 633 | 594 | 7% |
Key Ratios and Asset Quality
The Cost Income Ratio (CIR) stood at 61.88% for Q4 FY26 compared to 57.92% for Q4 FY25 and 59.97% for Q3 FY26. On a full FY basis, CIR was 62.53% as on March 31, 2026, slightly lower than 62.82% as on March 31, 2025. Return on Assets and Net Interest Margin were at 1.53% and 3.83% respectively during Q4 FY26.
Capital Adequacy Ratio (Basel-III) stood at 20.66% as at March 31, 2026, compared to 22.46% as at March 31, 2025, well above regulatory requirements. Asset quality improved with Gross NPAs at 1.66% as on March 31, 2026 against 1.96% as on December 31, 2025 and 1.57% as on March 31, 2025. Net NPAs were at 0.40% as on March 31, 2026 against 0.67% as on December 31, 2025 and 0.52% as on March 31, 2025.
| Metric | 31.03.2026 | 31.12.2025 | 31.03.2025 |
|---|---|---|---|
| Gross NPAs (%) | 1.66% | 1.96% | 1.57% |
| Net NPAs (%) | 0.40% | 0.67% | 0.52% |
| Capital Adequacy Ratio (Basel-III) | 20.66% | 19.41% | 22.46% |
| Return on Assets (Annualised) | 1.50% | 1.18% | 1.73% |
| Networth (₹ Lakhs) | 4,64,902 | 4,58,735 | 4,25,663 |
| Basic EPS (₹) | 11.62 | 8.80 | 10.98 |
Segment-Wise Performance
Retail Banking remained the largest contributor to revenue and profitability. The segment-wise revenue and profit before tax for the full year ended March 31, 2026 are detailed below:
| Segment | FY26 Revenue (₹ Lakhs) | FY25 Revenue (₹ Lakhs) | FY26 Segment Result (₹ Lakhs) | FY25 Segment Result (₹ Lakhs) |
|---|---|---|---|---|
| Treasury | 86,762 | 76,380 | 6,982 | 10,030 |
| Corporate/Wholesale Banking | 1,50,575 | 1,12,164 | 10,097 | 13,102 |
| Retail Banking | 3,10,483 | 2,52,269 | 60,466 | 51,075 |
| Other Banking Operations | 20,359 | 16,107 | 7,628 | 5,988 |
| Total | 5,68,179 | 4,56,920 | 85,116 | 79,953 |
Balance Sheet and Cash Flow Highlights
Total assets as at March 31, 2026 stood at ₹57,72,652 lakhs, against ₹47,83,627 lakhs as at March 31, 2025. Reserves and surplus were ₹4,68,835 lakhs as at March 31, 2026, compared to ₹4,30,036 lakhs in the previous year. Borrowings increased to ₹7,15,444 lakhs from ₹5,54,628 lakhs. Net cash flow used in operating activities for FY26 was ₹(31,365) lakhs, a significant improvement from ₹(5,25,552) lakhs in FY25. Cash and cash equivalents at the end of the year stood at ₹4,09,680 lakhs, up from ₹3,59,218 lakhs at the beginning of the year.
Historical Stock Returns for CSB Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.68% | +1.94% | +15.18% | -4.59% | +11.03% | +51.87% |
How will CSB Bank's heavy reliance on gold loans (53% YoY growth, forming a significant portion of advances) expose it to risk if gold prices correct sharply in FY27?
Can CSB Bank meaningfully improve its CASA ratio from the current 20% level, and what strategies might it deploy to reduce its cost of deposits amid rising borrowings?
As CSB Bank enters the 'Scale Phase' of its SBS 2030 vision, what capital-raising options might it consider given the declining Capital Adequacy Ratio from 22.46% to 20.66% YoY?
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