CSB Bank Ltd Share Price – NSE  /  BSE

Banks, Small Cap

CSB Bank announced that the 103th Annual General Meeting (AGM) of the bank will be held on 23 August 2024.

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CSB Bank will hold a meeting of the Board of Directors of the Company on 29 July 2024.

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Of this, CASA deposits amounted to Rs 7,449 crore (down 1.32% YoY) and term deposits aggregated to Rs 22,471 crore (up 32.75% YoY) during the period under review.

Gross advances grew by 17.80% to Rs 25,099 crore as on 30 June 2024 as against Rs 21,307 crore posted in the same period a year ago.

Advances against gold & gold jewellery, stood at Rs 12,487 crore as on 30 June 2024, registering a growth of 24.08% on YoY basis.

CSB Bank is an old private sector bank with a history of over 100 years and operating out of 753 branches. The business is concentrated in Kerala (approximately 50% branches) with remaining spread mainly across Tamil Nadu, Karnataka, and Maharashtra.

The bank reported 3.1% decline in net profit to Rs 151.46 crore in Q4 FY24 as against 156.34 crore recorded in Q4 FY23. Total income jumped 30% YoY to Rs 991.38 crore in Q4 FY24.

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CSB Bank has appointed Deepak Maheshwari (DIN: 08163253) as an Additional Director (Non Executive & Independent) of the Bank for a period of 3 (three) years with effect from 12 June 2024 up to 11 June 2027 (both dates inclusive), not liable to retire by rotation.

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