CSB Bank announced Q4FY25 & FY25 results Financial Highlights: Total Deposits grew by 24% YoY from Rs 29,719 crore as on 31.03.2024 to Rs 36,861 crore as on 31.03.2025. The CASA ratio stood at 24% as on 31.03.2025. Advance (Net) grew by 29% YoY from Rs 24,336 crore as on 31.03.2024 to Rs 31,507 crore as on 31.03.2025 supported by a robust growth of 35% in gold loans on YoY basis. We continue to maintain the accelerated provisioning policy during this quarter as well. Return on Assets is 1.79% for Q4FY25 and 1.53% for year ended 31 March 2025. Operating Profit up by 44% QoQ from Rs 221 crore for Q3FY25 to Rs 317 crore for Q4FY25 and up by 39% YoY from Rs 228 crore for Q4FY24. FY25 operating profit grew YoY by 17% and stood at Rs 910 crore against Rs 780 crore in FY24. Net Interest Income (NII) for FY25 flat at Rs 1,476 crore compared to FY24. NII stood at Rs 371 crore for Q4FY25 against Rs 375 crore in Q3FY25 and Rs 386 crore for Q4FY24. Non-Interest Income for FY25 saw an impressive growth of 66% over FY24 mainly due to increased Fee Income and Treasury Profits. Non-interest income grew by 74% QoQ from Rs 219 crore for Q3FY25 to Rs 381 crore for Q4FY25 and 94% YoY from Rs 197 crore for Q4FY24. Cost Income Ratio is at 58% for Q4FY25 reduced from 63% for Q3FY25 as against 61% for Q4FY24 and the corresponding ratio for FY25 stood at 63% against 62% for FY24 Robust Capital Structure - Capital Adequacy Ratio is at 22.46%, which is well above the regulatory requirement. CRAR as on 31.03.2024 was 24.47% Asset Quality & Provisioning – Gross non-performing assets were at 1.57% as on 31.03.2025 as against 1.58% as on 31.12.2024 and 1.47% as on 31.03.2024 Net non-performing assets were at 0.52% as on 31.03.2025 as against 0.64% as on 31.12.2024 and 0.51% as on 31.03.2024. Speaking on the Q4 FY 25 performance, Pralay Mondal, Managing Director & CEO said: " We could end the fiscal FY 25 on a high note with a good topline growth, wherein deposits and net advances grew by 24% and 29% respectively. Under both the parameters we could outpace the industry growth by more than ~2x times. CASA witnessed a growth of 10% as well. All the asset verticals contributed to the advance growth thus keeping the growth momentum in tact consistently. Our gold, retail excluding gold, SME and WSB book registered a growth of 35%, 24%, 33% & 22% respectively. The costs and yields in the ecosystem were impacted by the tighter liquidity conditions for most part of the year, higher interest costs, regulatory guidance on penal interest etc. Despite all this, we could post decent bottom line numbers and stable ratios for the quarter and on an FY basis. Our operating profit for the year grew by 17% and could record a net profit of Rs 594 crore Our other income momentum remains robust with an increase of 66% on an FY basis. Our Asset Quality remains stable with a GNPA and NNPA ratio of 1.57% and 0.52% respectively. The cost to income ratio is decelerating on quarterly basis. All other profitability, efficiency, liquidity and capital adequacy ratios continue to be stable and above the regulatory prescriptions wherever applicable. One of the most pivotal moments in our bank’s journey this year is the migration to a new Core Banking System and we are in the final stages of this transition. Post implementation of the same, we will be embarking on the Scale Phase, accelerating our journey towards becoming a respectable midsized bank. We remain committed to ensuring a seamless transition which will help us in building a profitable customer franchise with improved topline and bottom line contribution, aiding our SBS vision." Result PDF
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