CSB Bank Reports Robust 25% Growth in Deposits and 29% Surge in Advances for Q2

CSB Bank , a prominent player in the Indian banking sector, has announced impressive growth figures for the second quarter, demonstrating strong performance across key financial metrics.

Deposit Growth

The bank reported total deposits of ₹39,651.00 crores as of September 30, representing a substantial 25% year-on-year growth. This significant increase in deposits indicates growing customer trust and the bank's ability to attract funds effectively.

Advances Surge

Simultaneously, CSB Bank's advances reached ₹34,730.00 crores, marking a noteworthy 29% year-on-year increase. This robust growth in the loan book suggests a healthy demand for credit and the bank's aggressive lending strategy.

Detailed Financial Metrics

The bank's latest LODR (Listing Obligations and Disclosure Requirements) filing provides a more comprehensive view of its financial position:

Metric	As of 30-09 (Provisional)	YoY Growth
Total Deposits	₹39,651.00 crores	25%
CASA	₹8,394.00 crores	9%
Term Deposits	₹31,257.00 crores	29%
Gross Advances	₹34,730.00 crores	29%
Gold Loan Portfolio	₹16,457.00 crores	37%

Key Highlights

CASA (Current Account Savings Account) Growth: The bank's CASA deposits grew by 9% year-on-year, reaching ₹8,394.00 crores. While this growth is positive, it lags behind the overall deposit growth, indicating a higher proportion of term deposits in the mix.
Term Deposits Surge: Term deposits showed a robust increase of 29% year-on-year, amounting to ₹31,257.00 crores. This substantial growth in term deposits has been a significant contributor to the overall deposit growth.
Gold Loan Portfolio Expansion: CSB Bank's advances against gold and gold jewelry (excluding receivables secured against gold) saw an impressive 37% year-on-year growth, reaching ₹16,457.00 crores. This substantial increase highlights the bank's strong position in the gold loan segment.

Quarterly Progression

The provisional data for September 30 shows consistent growth when compared to the previous quarter and the last audited figures. This trend indicates steady progress in the bank's key financial parameters.

CSB Bank's strong performance in both deposits and advances demonstrates its robust business model and effective growth strategies. The significant expansion in the gold loan portfolio also underscores the bank's expertise in this niche segment. As these figures are provisional and subject to a limited review by the bank's joint statutory auditors, investors and analysts will be keenly awaiting the final audited results for a comprehensive assessment of CSB Bank's financial health and future prospects.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.56%	+2.84%	+11.27%	+17.01%	+31.64%	+75.11%

CSB Bank Limited held its 104th Annual General Meeting (AGM) on August 26, 2025, where shareholders approved all nine resolutions put forth by the bank's management. The meeting, conducted through video conferencing, saw participation from 64 shareholders, including one from the promoter group and 63 public shareholders.

Key Approvals

Shareholders gave their nod to several important resolutions, including:

Adoption of audited financial statements for the year ended March 31, 2025
Re-appointment of Madhavan Menon as director
Fixation of joint statutory auditors' remuneration
Appointment of BNP & Associates as secretarial auditors
Appointment of Biswamohan Mahapatra as Non-Executive Part-time Chairman
Re-appointment of Pralay Mondal as Managing Director & CEO for three years from September 15, 2025, to September 14, 2028

Material Related Party Transactions

The AGM also saw approval for continuing material related party transactions with FIH Mauritius Investments Ltd, the bank's promoter, and its subsidiary FIH Private Investments Ltd.

Voting Results

All resolutions passed with overwhelming majority support:

Resolution	Votes in Favor (%)	Votes Against (%)
Financial Statements Adoption	100.00	0.00
Madhavan Menon Re-appointment	97.82	2.18
Auditors' Remuneration	100.00	0.00
Secretarial Auditors Appointment	99.64	0.36
Biswamohan Mahapatra Appointment	97.35	2.65
Pralay Mondal Re-appointment	97.94	2.06
Material Transactions with FIH Mauritius	100.00	0.00
Material Transactions with FIH Private Investments	100.00	0.00

Regulatory Compliance

It's worth noting that despite FIH Mauritius Investments Ltd holding 40% of the bank's paid-up capital, their voting rights are capped at 26% in accordance with banking regulations. This cap is in line with Section 12(2) of the Banking Regulation Act, 1949, and the Reserve Bank of India's guidelines on acquisition and holding of shares in banking companies.

The AGM proceedings and voting were conducted in compliance with the Companies Act, 2013, and the regulations set by the Securities and Exchange Board of India (SEBI). CS P.D. Vincent of SVJS & Associates served as the scrutinizer for the e-voting process.

CSB Bank's leadership, including Chairman Biswamohan Mahapatra and MD & CEO Pralay Mondal, addressed the shareholders during the meeting, likely discussing the bank's performance and future strategies. The approval of all resolutions indicates strong shareholder confidence in the bank's management and its strategic direction.