CSB Bank Limited has completed the transfer of equity shares under its Employee Stock Option Scheme, marking another milestone in its employee compensation program. The bank executed the transfer of shares from its ESOS Trust to eligible employees on January 9, 2026.

Share Transfer Details

The transfer involved specific parameters that demonstrate the bank's commitment to its employee stock option program:

Regulatory Compliance

CSB Bank has maintained transparency by promptly notifying the stock exchanges about this corporate action. The bank communicated the share transfer to both major Indian stock exchanges through official correspondence.

The notification was sent to:

• BSE Limited (Scrip code: 542867)
• National Stock Exchange of India Ltd. (Symbol: CSBBANK)

Employee Stock Option Scheme Framework

The share transfer was executed pursuant to the exercise of vested stock options by the eligible grantees under the CSB Employee Stock Option Scheme 2019. This scheme represents the bank's structured approach to employee compensation and retention through equity participation.

The bank has also made this information available on its official website at www.csb.bank.in , ensuring broader stakeholder access to the corporate announcement. Company Secretary Sijo Varghese signed the official communication to the exchanges, confirming the completion of the share transfer process.

CSB Bank shares surged over 6% on Monday, January 6, reaching a record high of ₹519.90 in intraday trading following the bank's impressive business update for the December quarter. The stock closed 4.90% higher at ₹507.00, extending its remarkable journey from the IPO price of ₹191.00.

Strong Financial Performance Drives Market Rally

The bank reported robust financial metrics as of December 31, with total deposits reaching ₹40,460.00 crores, marking a substantial 21% year-on-year growth. This deposit expansion was primarily driven by term deposits, while Current Account Savings Account (CASA) deposits showed modest growth of 3.40% compared to the previous year.

Loan Portfolio Shows Exceptional Growth

CSB Bank's overall loan book demonstrated even stronger momentum, with gross advances reaching ₹37,208.00 crores, representing a remarkable 29% increase from the previous year. The standout performer was the gold loan segment, which expanded by 46% year-on-year and 16% quarter-on-quarter to ₹19,023.00 crores during the December quarter.

Market Performance and Analyst Outlook

The stock's impressive performance reflects strong investor confidence, with shares now trading 2.60 times higher than their issue price of ₹191.00. After gaining 47% in 2025, the stock has recovered from a 25% decline in 2024. The positive sentiment is supported by analyst coverage, with eight out of nine analysts maintaining a "buy" rating on the stock, while only one analyst has assigned a "sell" rating.

The bank's balanced growth strategy, with strong expansion in both deposit mobilization and credit disbursement, positions it favorably for continued business growth while maintaining operational efficiency.