Private sector lender CSB Bank on Monday reported 26 per cent year-on-year (y-o-y) rise in net profit for the quarter ended March at Rs 190 crore, led by higher other income.

The lender’s net interest income (NII) was down 4 per cent on-year to ₹371 crore, while other income was up 94 per cent at ₹381 crore. Overall advances of the bank rose 30 per cent y-o-y to ₹31,842 crore, while deposits were up 24 per cent y-o-y at ₹36,861 crore. Net interest margin (NIM) stood at 3.75 per cent in Q4, lower than 5.04 per cent last year.

Gross non-performing asset ratio (GNPA) of the bank stood at 1.57 per cent in Q4FY25 against 1.47 per cent a year ago, while net NPA ratio was at 0.52 per cent in reporting quarter versus 0.51 per cent a year ago.

Pralay Mondal, MD & CEO, CSB Bank, said the lender witnessed decent top line growth in FY25, wherein deposits and net advances grew by 24 per cent and 29 per cent, respectively.

“Under both the parameters we could outpace the industry growth by more than ~2x times. CASA witnessed a growth of 10 per cent as well…The costs and yields in the ecosystem were impacted by the tighter liquidity conditions for most part of the year, higher interest costs, regulatory guidance on penal interest etc. Despite all this, we could post decent bottom line numbers and stable ratios for the quarter and on an FY basis,” he said.

The migration to a new core banking system, Mondal said, is in the final stages and post its implementation of the same, the bank will be embarking on its “scale phase”.

Published on April 28, 2025