CSB Bank has reported strong deposit growth, with total deposits reaching ₹40,460.00 crores by December 31, 2025. This represents a significant 21% year-over-year increase, highlighting the bank's successful deposit mobilization efforts.

Deposit Performance Overview

The bank's deposit growth demonstrates robust performance in attracting customer funds and expanding its deposit base. The substantial increase indicates positive customer confidence in the bank's services and financial stability.

Growth Trajectory

The 21% year-over-year growth in deposits reflects the bank's effective strategies in customer acquisition and retention. This deposit expansion provides the bank with increased resources for lending activities and business growth initiatives.

The strong deposit performance positions CSB Bank favorably in the competitive banking sector, demonstrating its ability to attract and retain customer funds in a dynamic market environment. This growth trajectory indicates the bank's expanding market presence and customer trust in its banking services.

CSB Bank Limited has been slapped with a penalty of ₹43.11 lakh by the Central Goods and Services Tax (CGST) authorities for alleged tax violations spanning five financial years. The bank received the penalty order on December 29, and has indicated its intention to challenge the decision through an appeal.

Penalty Details and Allegations

The CGST authorities issued the penalty order for alleged violations during the period from FY 2018-19 to 2022-23.

Nature of Violations

The CGST authorities have alleged two primary violations against CSB Bank:

• Excess availment of Input Tax Credit: The bank allegedly claimed more input tax credit than permissible under GST regulations
• Short payment of GST liability under Reverse Charge Mechanism (RCM): The bank reportedly underpaid its GST obligations under the reverse charge mechanism

Bank's Response and Impact Assessment

CSB Bank has stated its plans to appeal the order, indicating disagreement with the penalty. The bank's management has assessed that the penalty will not materially impact its financial, operational, or other business activities.

Regulatory Compliance

The penalty falls under the provisions of the CGST Act, 2017. The order addresses compliance issues that allegedly occurred over a five-year period, suggesting a comprehensive review by the tax authorities of the bank's GST practices and filings during this timeframe.