CSB Bank reports all round growth in deposits & advances on QoQ and YoY basis

CSB Bank Limited has announced provisional financial information for the period ended March 31, 2022.

The bank's Total Deposits was at Rs. 20188.30 crores as of March 31, 2022 as against Rs. 19140.04 crores as of March 31, 2021, YoY growth of 5.48%. Total deposits also grew QoQ from Rs. 19056.01 crores as of December 31, 2021.

CASA increased 10.28% YoY to Rs. 6795.17 crores as of March 31, 2022 from Rs. 6161.80 crores as of March 31, 2021. CASA also showed QoQ growth from Rs. 6587.19 crores as of December 31, 2021.

Term Deposits of the bank increased both QoQ and YoY basis. The YoY growth in Term Deposits was at 3.20% from Rs. 12978.24 crores as of March 31, 2021 to Rs. 13393.13 crores as of March 31, 2022. Term Deposits stood at Rs. 12468.82 crores as of December 31, 2021.

Advances against Gold & Gold Jewellery (Including receivables secured against gold) was at Rs. 6561.83 crores as of March 31, 2022, as against Rs. 5817.04 crores as of December 31, 2021 and Rs. 6121.27 crores as of March 31, 2021.

Gross Advances increased 9.10% YoY from Rs. 14663.12 crores as of March 31, 2021 to Rs. 15998.02 crores as of March 31, 2022. Gross Advances stood at Rs. 14827.09 crores as of December 31, 2021.

The above data for period ended March 31, 2022 is provisional and is subject to audit by the Joint Statutory Auditors of the Bank. The data for period ended December 31, 2021 is unaudited and audited for the period ended March 31, 2021.

Shares of CSB Bank Limited was last trading in BSE at Rs. 216.45 as compared to the previous close of Rs. 211.60. The total number of shares traded during the day was 32782 in over 945 trades.

The stock hit an intraday high of Rs. 218.00 and intraday low of 211.25. The net turnover during the day was Rs. 7057676.00.

Source : Equity Bulls

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CSBBank INE679A01013 FinancialInformation March2022 CASA TotalDeposits Advances GoldLoan