'CSB Bank has
reported 14% decline in net profit at Rs 113.32 crore for the quarter ended
June 2024 (Q1FY2025). The bank has posted 1% fall in the net interest income
(NII), while the core fee income of the bank improved 46% in Q1FY2025. The Net
Interest Margin (NIM) of the bank dipped to 4.36% in Q1FY2025 compared to 5.40%
in the corresponding quarter of previous year.
On business front, the
bank as has posted 20% growth in business with 18% jump in loan book. The asset
quality of the bank has witnessed pressure in Q1FY2025. Bank has reduced the
credit to deposit ratio to 83.9% at end June 2024 from 87.1% at end June 2023.
However, the CASA ratio of the bank has declined to 24.9% at end June 2024 from
30.8% at end June 2023.
Asset quality
deteriorates: The bank has continued to witness pressure on asset quality in
Q1FY2025.
The fresh slippages of
loans stood at Rs 103 crore in Q1FY2025 ...
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