CSB Bank Reports Robust 25% Growth in Deposits and 29% Surge in Advances for Q2
CSB Bank announced impressive Q2 results with total deposits reaching ₹39,651.00 crores, up 25% year-on-year, and advances growing to ₹34,730.00 crores, a 29% increase. CASA deposits grew by 9% to ₹8,394.00 crores, while term deposits surged 29% to ₹31,257.00 crores. The bank's gold loan portfolio showed remarkable growth of 37%, reaching ₹16,457.00 crores. These provisional figures indicate strong performance across key financial metrics, reflecting growing customer trust and effective growth strategies.

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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.
Historical Stock Returns for CSB Bank
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+2.45% | +5.53% | +5.01% | +11.27% | +20.23% | +68.37% |