CSB Bank Q2 Results: Profit rises 10% to Rs 133 crore
CSB Bank Q2 Results: Private sector lender CSB Bank reported a 10 per cent rise in net profit at Rs 133 crore in the second quarter ended September 2023 as bad loans declined.
CSB Bank Q2 Results: Private sector lender CSB Bank on Friday reported a 10 per cent rise in net profit at Rs 133 crore in the second quarter ended September 2023 as bad loans declined. The Kerala-based bank had posted a net profit of Rs 121 crore in the year-ago period.
Total income rose to Rs 836 crore from Rs 600 crore in the same period a year ago, CSB Bank said in a regulatory filing.
During the quarter, the bank earned interest income of Rs 687 crore as compared to Rs 555 crore in the same period a year ago.
Also Read: ITC Q2 Results: Net profit rises 6% to Rs 4,955.90 crore
On the asset quality side, the bank witnessed improvement with gross non-performing assets (NPAs) fell to 1.27 per cent of gross advances by the end of September 2023 from 1.65 per cent a year ago.
Net NPAs too declined to 0.33 per cent from 0.57 per cent in the same quarter a year ago.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.