CSB Bank announced Q3FY25 results Total Deposits grew by 22% YoY from Rs 27,345 crore as on 31.12.2023 to Rs 33,407 crore as on 31.12.2024. The CASA ratio stood at 24% as on 31.12.2024. Advance (Net) grew by 26% YoY from Rs 22,658 crore as on 31.12.2023 to Rs 28,639 crore as on 31.12.2024 supported by a robust growth of 36% in gold loans on YoY basis. Profit after Tax up by 10% QoQ from Rs 138 crore for Q2FY25 to Rs 152 crore for Q3FY25 and up by 1% YoY from Rs 150 crore for Q3FY24. We continue to maintain the accelerated provisioning policy during this quarter as well. Return on Assets is 1.52% for Q3FY25 and 1.43% for 9MFY25. Operating Profit up by 10% QoQ from Rs 200 crore for Q2FY25 to Rs 221 crore for Q3FY25 and up by 13% YoY from Rs 196 crore for Q3FY24. Net Interest Income (NII) up by 2% QoQ to Rs 375 Crore for Q3FY25 against Rs 367 Crore in Q2FY25 and down by 2% YoY from Rs 383 crore for Q3FY24. Non-Interest Income up 10% QoQ from Rs 199 Crore for Q2FY25 to Rs 219 Crore for Q3FY25 and 75% YoY from Rs 125 crore for Q3FY24. Cost Income Ratio is at 63% for Q3FY25 reduced from 65% for Q2FY25 as against 61% for Q3FY24. The Bank continues to make significant investments in people, distribution, systems & processes in the build phase aimed at creating a strong foundation for the scale that we aspire to achieve for as part of SBS 2030 vision. Robust Capital Structure - Capital Adequacy Ratio is at 21.08%, which is well above the regulatory requirement. CRAR as on 31.12.2023 was 22.99%. Asset Quality & Provisioning – Gross non-performing assets were at 1.58% as on 31.12.2024 as against 1.68% as on 30.09.2024 and 1.22% as on 31.12.2023. Net non-performing assets were at 0.64% as on 31.12.2024 as against 0.69% as on 30.09.2024 and 0.31% as on 31.12.2023. Pralay Mondal, Managing Director & CEO said: “The quarter gone by witnessed an impressive business growth, out pacing the industry trends, both under deposits and advances. Deposits registered a YoY growth of 22%, advances grew by 26% whereas industry grew by about 10% and 12% respectively. On the liability front, apart from deposits, we also evaluated and explored other diverse funding options available to fuel the asset growth. On the advance front, while gold loans continue to be a steady business for us with 36% YoY growth, other business segments are catching up –SME has grown by 29% and retail other than gold by 32%. Our WSB book got impacted by the liquidation of DA portfolio and few exits including large value accounts as part of our risk management and could register a growth of 5% on a YoY basis. However, our core corporate book on a standalone basis grew by over 30 %. On the bottom line, the operating profit of the bank is up by 13% compared to Q3FY24 and by 10% sequentially. The quarterly net profit of the bank also registered a growth both on a YoY and QoQ basis. Though the NII growth is flat on account of the increased cost of funds and penal interest impact, in other income, bank could register a substantial growth of 75% on a YoY basis and 10% on a QoQ basis. The bank is comfortably placed in terms of liquidity ratios and capital position. Asset quality has improved over last quarter. Both GNPA and NNPA ratios have improved and are at 1.58 % (Q2FY25-1.68%) and 0.64 % (Q2FY25-0.69%). Despite the sizeable investments in the current build phase, with enhanced focus on cost management, CIR has come down on a sequential basis. Other key ratios like RoA, NIM, RoE, CD ratio etc are stable. Overall, the bank has done well both in top-line and bottom-line parameters. All eyes are on the implementation of the first phase of CBS migration in the bank, which is expected to go live during 1st quarter FY26. The tech enablement is going to help us in delivering consistently and in accelerating it further towards our journey to become a mid-sized bank.” Result PDF