CSB Bank Q2 profit rises 16% to Rs 160 crore on strong income growth
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CSB Bank reported a 16% increase in Q2 profit after tax to Rs 160 crore, driven by strong income growth. Net interest income rose 15% year-on-year to Rs 424 crore, while gross non-performing assets improved to 1.81%. Total deposits grew 25% to Rs 39,651 crore, and advances increased by 29%. Non-interest income surged 75% to Rs 349 crore. The bank aims to diversify its loan portfolio, reducing gold loans from 47% to 20% by 2030, and is focused on retail expansion and IT transformation for future growth.
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