CSB Bank Ltd reports QoQ, YoY increase in deposits

CSB Bank Ltd has announced the provisional financial information for the period ended September 30, 2021. The bank reported total deposits of Rs. 19061.62 crores as of September 30, 2021, up 9.12% YoY from Rs. 17468.44 crores as of September 30, 2020 and increased by 2.19% QoQ from Rs. 18652.80 crores as of June 30, 2021.

CASA stood at Rs. 6214.11 crores as of September 30, 2021 up 21.05% YoY form Rs. 5134.06 crores as of September 30, 2020 and marginally up QoQ from Rs. 6171.71 crores as of June 30, 2021. Term Deposits were higher 4.16% YoY from Rs. 12334.38 crores as of September 30, 2020 to Rs. 12847.51 crores as of September 30, 2021 and increased 2.93% QoQ from Rs. 12481.10 crores as of June 30, 2021.

Gross Advances were at Rs. 14304.14 crores as of September 30, 2021, up 12.09% YoY from Rs. 12761.80 crores as of September 30, 2020 and up by 1.73% from Rs. 14060.10 crores as of June 30, 2021.

Advances against Gold & Gold Jewellery increased 10.17% YoY from Rs. 4938.98 crores as of September 30, 2020 to Rs. 5441.44 crores as of September 30, 2021 and declined by 12.08% QoQ from Rs. 5617.68 crores as of June 30, 2021.

The above data is provisional and is subject to a limited review by the Statutory Auditors of the Bank.

Shares of CSB Bank Limited was last trading in BSE at Rs. 310.15 as compared to the previous close of Rs. 316.95. The total number of shares traded during the day was 28907 in over 1594 trades.

The stock hit an intraday high of Rs. 324.65 and intraday low of 309. The net turnover during the day was Rs. 9170044.

Source : Equity Bulls

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