Csb Bank

Voda Idea, Suzlon: Trading strategies in stocks where FIIs increased stake

Voda Idea, Indus Towers, Ujjivan SFB, CoForge among top stocks where FIIs raised holdings in the June quarter; trading strategies based on technical charts here.

RBI penalises CSB Bank, Union Bank of India, others for norms violation

The Reserve Bank of India on Monday imposed penalties on five entities, including CSB Bank, Union Bank of India and Muthoot Housing Finance for contravention of various regulatory norms. A penalty of Rs 1.86 crore has been imposed on CSB Bank for non-compliance with certain directions issued by the RBI on 'Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks' and 'Master Circular on Branch Authorisation'. In another statement, the RBI said a penalty of Rs 1.06 crore has been imposed on Union Bank of India for non-compliance with certain norms on 'Creation of a Central Repository of Large Common Exposures-Across Banks' and 'Know Your Customer (KYC)'. A fine of 5 lakh has been imposed on Muthoot Housing Finance Company for non-compliance with certain provisions of the 'Non-Banking Financial Company - Housing Finance Company (Reserve Bank) Directions, 2021', the central bank said in another release. The RBI has also imposed a penalty of Rs 5 l

CSB Bank Q1 results: Profit falls 14% to Rs 113 cr due to rise in bad loans

CSB Bank on Monday reported a 14 per cent decline in the June quarter net profit at Rs 113 crore due to an increase in bad loans. The private sector lender had earned a net profit of Rs 132 crore in the year-ago period. However, total income increased to Rs 1,004 crore from Rs 803 crore a year ago, CSB Bank said in a regulatory filing. Interest income grew to Rs 832 crore during the period under review, from Rs 683 crore a year ago. The bank's asset quality worsened as Gross Non-Performing Assets (NPAs) rose to 1.69 per cent of gross advances as of June 30, 2024, from 1.27 per cent at the end of the first quarter of the previous fiscal. Net NPAs also increased to 0.68 per cent of the advances, from 0.32 per cent at the end of the first quarter last year. As a result, provisions and contingencies increased to Rs 20 crore from Rs 5 crore earmarked during the same quarter a year ago. The capital adequacy ratio of the bank improved to 23.61 per cent, as compared to 25.99 per cent on

CSB Bank stock up 7% on steady growth in advances, total deposits in Q1FY25

Shares of CSB Bank soared up to 7.2 per cent at Rs 402 per share on the BSE in Tuesday's intraday trade

Fairfax India Holdings unit sells 9.7% stake in CSB Bank for $70 million

FIH Mauritius Investments is also the promoter of Thrissur-based CSB Bank

CSB Bank soars 7% after promoter likely sells 17 mn shares via block deal

Shares of CSB Bank surged up to 7.3 per cent at Rs 382 per share on the BSE in Thursday's intraday trade. The stock is trading near its 52-week high of Rs 421.95 touched on January 1, 2024

CSB Bank Q4 results: Private lender's net profit falls 3% to Rs 151 cr

Private sector lender CSB Bank on Friday reported a 3 per cent decline in its net profit to Rs 151 crore for the fourth quarter ended March 2024, mainly due to a rise in bad loans. The Kerala-based lender had earned a net profit of Rs 156 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 991 crore against Rs 762 crore a year ago, CSB Bank said in a regulatory filing. The interest income grew to Rs 795 crore during the period under review from Rs 636 crore in the corresponding quarter a year ago. On the asset quality side, the bank's gross non-performing assets (NPAs) rose to 1.47 per cent of gross advances as of March 31, 2024, from 1.26 per cent at the end of March 2023. Net NPAs also rose to 0.51 per cent of the advances from 0.35 per cent at the end of 2024. As a result, provisions for bad loans rose significantly to Rs 29 crore compared to Rs 3 crore in the same quarter a year ago.

Select NBFCs rally up to 20% after RBI action on IIFL Finance

Capri Global Capital (CGCL), CSB Bank, Muthoot Finance and Manappuram Finance are up between 7% and 20%

Gold will remain very important for next 2-3 years: CSB Bank MD Mondal

If you look at it, gold has exactly grown in line with our bank growth, bank has grown by 23 per cent and gold has also grown by 23 per cent on a Y-o-Y basis, Pralay Mondal said

Indian investors favour long-term bonds anticipating conservative budget

Recent bond auctions saw bids that surpassed expectations, said Alok Singh, group treasury head at CSB Bank

CSB Bank Q3 results: Profit falls 4% to Rs 150 crore; gross NPAs down 1.2%

The bank's net interest income during the third quarter of this fiscal stood at Rs 383 crore, with an increase of 9 per cent over Rs 350 crore in Q3 of FY23

CSB Bank Q3 results: Profit falls 4% to Rs 150 cr, NPAs declines to 1.22%

CSB Bank on Monday posted a 4 per cent decline in its profit at Rs 150 crore in the third quarter ended December 2023. The Kerala-based private sector bank had earned a net profit of Rs 156 crore in the same quarter a year ago. The total income increased to Rs 887 crore during the quarter under review, as against Rs 682 crore in the same period last year, CSB Bank said in a regulatory filing. The interest income of the bank rose to Rs 762 crore, as against Rs 592 crore in the third quarter of previous year. As regards, asset quality, gross Non-Performing Assets (NPAs) of the bank declined to 1.22 per cent of the gross loans by the end of December 2023, from 1.45 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.31 per cent, from 0.42 per cent at the end of the third quarter of the previous fiscal.

CSB Bank Q2FY24 result: Net profit rises 10.4% to Rs 133 crore

During the quarter under review, the bank's total income rose 39 per cent to Rs 835 crore from Rs 600 crore in the second quarter of FY23

CSB Bank shares jump 6% in weak market, hit 52-week high; more steam left?

According to analysts, the bank's management has a multipronged growth strategy, leading to a compelling investment argument

Ashok Leyland partners CSB Bank Ltd for vehicle financing solutions

Commercial vehicle maker Ashok Leyland on Thursday said it has partnered with CSB Bank Ltd for offering vehicle financing solutions to its customers. The two companies have signed a Memorandum of Understanding and the partnership will enable them to offer customised financial solutions to the automaker's customers, Ashok Leyland said in a statement. "The partnership with CSB Bank will benefit customers with financial products, which are specifically tailored for a hassle-free experience. Through our vast network of dealerships, we will be able to provide the best financial solutions to our wide range of commercial vehicle customers," Ashok Leyland CFO & Director Gopal Mahadevan said. CSB Bank Group Head and Head, Retail Banking, Narendra Dixit said, "This partnership will enable the bank to grow its portfolio of assets and extend its reach into previously untapped consumer segments.

CSB Bank Q1 net rises 15% to Rs 132 cr on growth in loan book, deposits

During the quarter under review, the bank's total income increased 36 per cent to Rs 805.04 crore from Rs 590.78 crore in the first quarter of 2021-22

Want to be mid-sized bank with pan-India presence by 2030: CSB Bank chief

We are revamping our entire technology platform, almost there will be nothing in the bank which was there two years back, Pralay Mondal, MD & CEO of CSB Bank

Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto

Stock to Watch today: Adani Enterprises Ltd., the flagship company of Adani Group, said on Wednesday that it will hold a board meeting on May 13 to consider fund raise via issuance of equity

Kerala-based CSB Bank posts 20% rise in Q4 net profit to Rs 156 crore

During the quarter under review, the bank's total income increased 31 per cent to Rs 763 crore from Rs 583 crore in the fourth quarter of 2021-22

CSB Bank net profit rises 19% to Rs 156 crore as bad loans decline

Private sector lender CSB Bank on Friday reported 19 per cent rise in net profit at Rs 156 crore for March quarter 2022-23 as bad loans declined. The bank had earned a net profit of Rs 131 crore in the same quarter of previous year. During the quarter, the bank's total income increased to Rs 762.81 crore from Rs 583.17 crore a year ago, CSB Bank said in a regulatory filing. Interest income grew to Rs 636.49 crore during the period under review from Rs 519.56 crore in the corresponding quarter a year ago. Gross non-performing assets (NPAs) were reduced to 1.26 per cent of gross advances as of March 31, 2023, from 1.81 per cent by the end of March 2022. Net NPAs also came down to 0.35 per cent of the advances from 0.68 per cent at the end of 2022. The Kerala-based bank recorded a net profit of Rs 547 crore for the year ended March 2023 as against Rs 458 crore in the previous year, logging a 19 per cent increase. The bank continues with the policy to maintain accelerated provisioni