CSB Bank , one of India's oldest private sector banks, has announced significant developments in its board composition and financial performance for the second quarter of fiscal year 2026.

Board Appointment and Reconstitution

The bank's Board of Directors has approved the appointment of Ms. Sheetal Rupesh Sancheti as an Additional Director in the Non-Executive Non-Independent category. This appointment, effective November 5, 2025, comes as a nomination from the bank's promoter, FIH Mauritius Investments Ltd.

Ms. Sancheti brings over two decades of diverse experience in private equity, banking, and audit to her new role. Currently serving as Vice President at Fairbridge Capital Private Limited, she plays a crucial role in monitoring portfolio investments for Fairfax India Holdings Corporation. Her prior experience includes positions at ANZ Bank India, HSBC Bank India, Abu Dhabi Commercial Bank, and BSR & Co.

Following this appointment, CSB Bank has also announced the reconstitution of its Board committees, effective November 6, 2025. This restructuring aims to enhance the bank's governance framework and align with its strategic objectives.

Q2 FY26 Financial Highlights

CSB Bank has reported robust financial results for the quarter ended September 30, 2025:

The bank's performance shows significant growth across key financial parameters:

• Balance Sheet Size: Increased by 27% year-on-year to ₹50,021 crore.
• Total Business: Grew by 27% to ₹74,363 crore.
• Asset Quality: Gross NPA ratio stood at 1.81%, with Net NPA at 0.52%.
• Capital Adequacy Ratio: Maintained a strong position at 20.99%.

Business Segment Performance

CSB Bank's growth was driven by strong performances across various business segments:

• Gold Loans: Witnessed a robust growth of 37% year-on-year.
• CASA Ratio: Stood at 21%, reflecting the bank's focus on low-cost deposits.
• Retail Banking: Continued to be a significant contributor to the bank's overall growth.

Management Commentary

Pralay Mondal, Managing Director & CEO of CSB Bank, commented on the results: "Our performance this quarter demonstrates a steadfast commitment to the SBS 2030 vision envisioned by the Bank. Despite ongoing challenges in the broader market, our team's strategic focus on both growth and system stabilization in a calibrated manner has driven improved outcomes compared to Q1 FY26."

He further added, "With strong liquidity and capital buffers, we are well-positioned to maintain our growth trajectory in the upcoming quarters. We remain fully committed to continuously raising performance standards and fulfilling the expectations of our stakeholders."

The bank's management emphasized its focus on granular retail growth, which is expected to be a key differentiator in the forthcoming scale phase of its strategic plan.

CSB Bank's Q2 FY26 results and board restructuring reflect its commitment to sustainable growth and robust governance. As the bank continues to execute its strategic vision, investors and stakeholders will be keenly watching its progress in the coming quarters.

CSB Bank , a prominent private sector bank, has reported a 16% year-over-year increase in net profit for the second quarter, demonstrating robust financial performance amid challenging market conditions.

Key Financial Highlights

• Net Profit: The bank's net profit rose to ₹160.33 crore, up from ₹138.41 crore in the same quarter last year, marking a 16% growth.
• Total Income: CSB Bank's total income saw a significant jump of 37% year-over-year, reaching ₹1,458.36 crore compared to ₹1,064.23 crore in the corresponding quarter of the previous year.
• Net Interest Income (NII): NII grew by 15% to ₹424 crore from ₹367 crore year-over-year.
• Non-Interest Income: The bank reported a substantial 75% increase in non-interest income, rising to ₹349 crore from ₹199 crore year-over-year.

Improved Asset Quality

CSB Bank's asset quality showed notable improvement:

• Gross Non-Performing Assets (GNPA): Declined to 1.81% as of September 30, from 1.84% at the end of the previous quarter.
• Net Non-Performing Assets (NNPA): Decreased to 0.52% from 0.66% quarter-over-quarter.

Business Growth

The bank demonstrated strong growth in its core business areas:

• Gross Advances: Increased by 29% year-over-year to ₹34,712 crore.
• Total Deposits: Grew by 25% to ₹39,651 crore compared to the same period last year.
• Gold Loan Portfolio: Expanded by 37% year-over-year, reaching ₹16,456 crore.

Other Key Metrics

• Capital Adequacy Ratio: Stood at a healthy 20.99% as of September 30.
• Return on Assets (ROA): Improved to 1.33% for the quarter.
• Cost to Income Ratio: Slightly improved to 63.86% from 64.66% year-over-year.

Management Commentary

Pralay Mondal, Managing Director & CEO of CSB Bank, commented on the results: "Our performance this quarter demonstrates a steadfast commitment to the SBS 2030 envisioned by the Bank. Despite the ongoing challenges in the broader market, our team's strategic focus on both growth and system stabilization in a calibrated manner has driven improved outcomes as compared to Q1."

He further added, "With strong liquidity and capital buffers, we are well-positioned to maintain our growth trajectory in the upcoming quarters. We remain fully committed to continuously raising performance standards and fulfilling the expectations of our stakeholders."

CSB Bank's quarterly results reflect its resilience and strategic focus on sustainable growth. The bank's improved asset quality, robust business growth, and strong capital position indicate its potential for continued success in the competitive banking sector.