This year we want to start focusing on growth: CSB Bank's Pralay Mondal
"Growth will be paramount at the end of the day", said Pralay Mondal01-08-2022
01-08-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Interest Rates Updates
Revision in Marginal Cost of Funds Based Lending Rates with effect from August 01, 202230-07-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of the earnings call Q1 of FY202328-07-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Submission of Newspaper publication of the Unaudited Financial Results for the quarter ended June 30, 2022.22-07-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Conference call for Institutional Investors/Analyst dated July 21, 2022 - Audio recordings of the conference call.21-07-2022
CSB Bank Q1FY23 net profit jumps 88% to 114.52 crore
Net interest income (difference between interest earned and interest expended) was up 16 per cent yoy at 311 crore compared to 268 crore in the year ago quarter21-07-2022
CSB Bank Ltd - 542867 - Reconstitution Of Committees Of The Board.
Reconstitution of Committees of the Board.21-07-2022
CSB Bank Ltd - 542867 - Grant Of Stock Options Under CSB Employee Stock Option Scheme 2019
Grant of stock options under CSB Employee Stock Option Scheme 201921-07-2022
Q1FY23 Quarterly Result Announced for CSB Bank Ltd.
CSB Bank Announced Q1FY23 Result : Profit After Tax is at Rs 114.52 Cr in Q 1 FY 23 as against Rs 61.00 Cr in Q1 FY 22 and Rs 130.67 Cr for the sequential quarter. Net profit increased by 88% YoY basis. We continue to maintain the Covid related additional provisions during this quarter as well. Return on Assets improved from 1.03% in Q1FY22 to 1.75% as on Q1 FY23 while Return on Equity improved from 12.65% to 18.57%. Credit costs continue to negative for the current quarter. Due to the decent recoveries made during Q1 FY 23, we had a net NPA provision reversal as on 30.06.2022. Operating Profit of the bank is Rs 154.72 Cr whereas it was Rs 142.05 Cr in Q4 FY 22 ie, up by 9%. The operating profit for Q1 FY 22 was Rs 174.74 Cr Net Interest Income (NII) earned for the first quarter is Rs 310.69 Cr with a YoY increase of 16% (Rs 267.75 Cr for Q1 FY 22). QoQ there is an increase of Rs 7 Crore. Non-Interest Income for Q1 FY 23 is at Rs 54.85 Cr as against Rs 71.24 Cr for the same period last year. The treasury income was down by Rs 12 Crs on a YoY basis due to the adverse yield movements. Cost Income Ratio: As compared to Q4 FY 22(61.34%), the ratio has improved to 57.67% for the first quarter of FY 23. The same was at 48.45% for Q1 FY 22. On a YoY basis, there is higher cost impact on account of increase in staff cost, rent and other admin costs of newly opened branches etc. Speaking about the performance Mr. Pralay Mondal, Managing Director & CEO (Interim) said, “Global headwinds notwithstanding, we are in the cusp of a steady revival in capex cycles of both public and private sectors which will have a multiplier effect throughout the economy. While our Q1 growth in advances has been powered mainly by gold loans, we are now witnessing spurt in demand for credit from SME and Mid Corporate sectors. We started well in the first quarter with a Net Profit of Rs 115 Crs posting 88% growth on a YoY basis. We continued to make accelerated provisions for stressed and NPA Accounts. The key ratios like NIM, CRAR, LCR, RoA, RoE etc continues to be strong and sanguine. On the recovery front also we did well with credit costs continuing to be negative while we have a PCR of above 90%. As in the past, Gold loans will continue to be a major focus for the bank and we have grown by over 26% YoY. On the other retail front we are on track as per the expansion plans- we have launched a few new verticals, hiring is happening for a few others, product programs are being rolled out, policy level changes are made, systems are getting ready, tie ups are in pipeline and so on. Bolstering the core deposit franchise will also be high on our agenda in the coming quarters and the interest rate environment is very conducive for the same” Result PDF21-07-2022
CSB Bank Ltd - 542867 - Announcement under Regulation 30 (LODR)-Investor Presentation
Press Release and Presentation to Institutional Investors/ Analyst - Unaudited Financial Results for the quarter ended June 30, 202221-07-2022