CSB Bank reports above 2- fold jump in Q3 net profit

CSB Bank has reported results for third quarter ended December 31, 2021.

CSB Bank
CSB Bank

The Bank has reported above 2- fold jump in its net profit at Rs 148.25 crore for the quarter under review as compared to Rs 53.05 crore for the same quarter in the previous year. However, total income of the bank decreased by 5.58% at Rs 579.81 crore for Q3FY22 as compared Rs 614.06 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October- December quarter of the current fiscal increased to 2.62%, as compared to 1.77% in the same quarter of the previous year.