CSB Bank shines as its deposits up 7% in Q3FY22

CSB Bank is currently trading at Rs. 251.15, up by 13.65 points or 5.75% from its previous closing of Rs. 237.50 on the BSE.

The scrip opened at Rs. 240.00 and has touched a high and low of Rs. 259.60 and Rs. 240.00 respectively. So far 64027 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 372.95 on 05-Jul-2021 and a 52 week low of Rs. 215.05 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 259.60 and Rs. 234.10 respectively. The current market cap of the company is Rs. 4344.09 crore.

The promoters holding in the company stood at 49.72%, while Institutions and Non-Institutions held 17.33% and 32.94% respectively.

CSB Bank’s deposits grew 7.34% to Rs 19056.01 crore as of December 31, 2021 (Q3FY22), as compared to Rs 17752.98 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 19055.49 crore as of September 2021. Gross Advance stood at Rs 14827.10 crore as of December 31, 2021, posting a 11.55% rise in year-on-year (YoY) terms against Rs 13291.39 crore as of December 31, 2020 and in quarter-on-quarter (QoQ) basis stood at Rs 14287.74 crore in September 2021.

Term Deposits stood at Rs 12468.82 crore as of December 31, 2021, posting a 0.88% rise in year-on-year (YoY) terms against Rs 12360.01 crore as of December 31, 2020. The CASA was up 22.14% to Rs 6587.91 crore against Rs 5392.96 crore YoY.

Catholic Syrian Bank (CSB Bank) is one of the oldest private sector banks in India. Under its SME banking business, the bank caters to financial institutions, agriculture and allied businesses, and vendors and dealers of corporates.