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Informist, Monday, May 4, 2026

 

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--CSB Bank Jan-Mar net profit INR 2.02 bln 
--CSB Bank Jan-Mar total income INR 15.07 bln 
--CSB Bank Jan-Mar net profit INR 2.02 bln vs INR 1.90 bln year ago 
--CSB Bank Jan-Mar total income INR 15.07 bln vs INR 13.62 bln yr ago 
--CSB Bank Jan-Mar provisions INR 230.2 mln vs INR 602.1 mln year ago 
--CSB Bank gross NPA ratio 1.66% on Mar 31 vs 1.96% qtr ago 
--CSB Bank net NPA ratio 0.40% on Mar 31 vs 0.67% qtr ago 
--CSB Bank Basel III capital adequacy ratio 20.66% on Mar 31 

 

By Janwee Prajapati

 

MUMBAI – CSB Bank reported a rise in its net profit in the March quarter, thanks to a sharp fall in its provisions. The rise in the bank's net profit was, however, limited by a sharper increase in total expenses relative to income. The private-sector bank's provisions during the quarter fell 62% on year, the sharpest fall in eight quarters, Informist data showed. 

 

The private-sector lender posted a net profit of INR 2.02 billion for the reporting quarter, up nearly 6% on-year and over 32% sequentially. The sharp sequential rise in the bottom line was due to a smaller base in the trailing quarter. The bank had posted a net profit of INR 1.53 billion in the December quarter. 

 

The bank reported net provisions and contingencies of INR 230 million in the March quarter, down over 73% sequentially. In the reporting quarter, total provisions were a mere 1.5% of the total income, down from 4.4% a year ago.  

 

The bank's gross non-performing assets ratio fell to 1.66% as on Mar. 31 from 1.57% a year ago quarter and the net non-performing assets ratio fell to 0.40% from 0.52% during the same period. The bank's Basel-III capital adequacy ratio was 20.66% as on Mar. 31, up 20 basis points from a year ago.

 

The lender's interest expenses rose nearly 21% on year to INR 7.37 billion, and operating expenditure rose over 9% on year to INR 4.77 billion. This took the total expenditure up by over 16% on year to INR 12.13 billion. The private-sector bank reported net interest income of INR 4.64 billion, up 25% on year. For 2025-26 (Apr-Mar), the net interest income stood at INR 17.20 billion, up 17% from the previous financial year.

 

The lender's total interest income in the March quarter was INR 12 billion, up over 22% on year. The bank reported a near 20% year-on-year fall in its other income to INR 3.06 billion in the March quarter. Total income rose nearly 11% on year and over 5% sequentially to INR 15.07 billion in Jan-Mar.

 

The bank's gold loan portfolio has risen to INR 215.67 billion, up 53% on year. The lender's net advances were up 26% on year to INR 398.48 billion in the March quarter. The lender reported total deposits of INR 442.46 billion, up 20% on year. 

 

"... We are entering the crucial Scale Phase of our SBS (sustain-build-scale) 2030 vision during this fiscal on a very strong note," Managing Director and Chief Executive Officer Pralay Mondal said. The slew of activities planned and strategised for FY27 will help the bank to sail through it smoothly, Mondal said. 

 

For FY26, the bank reported a net profit of INR 6.33 billion, up almost 7% on year. The bank's total income for the financial year rose over 24% on year to INR 56.82 billion. On Monday, the bank's shares closed at INR 392.20 on the National Stock Exchange, up 2.7% from the previous session.  The bank announced its March quarter results during market hours. End

 

Edited by Saji George Titus

 

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