CSB Bank surges on reporting above 2- fold jump in Q3 net profit

CSB Bank is currently trading at Rs. 247.65, up by 6.55 points or 2.72% from its previous closing of Rs. 241.10 on the BSE.

CSB Bank
CSB Bank

The scrip opened at Rs. 247.05 and has touched a high and low of Rs. 256.95 and Rs. 245.35 respectively. So far 35794 shares were traded on the counter.

CSB Bank 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. 256.95 and Rs. 238.30 respectively. The current market cap of the company is Rs. 4325.87 crore.

The promoters holding in the company stood at 49.72%, while Institutions and Non-Institutions held 17.95% and 32.33% respectively.

CSB Bank has reported above 2- fold jump in its net profit at Rs 148.25 crore for third quarter ended December 31, 2021 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.

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