Shares of CSB Bank gained 3.72% to Rs 226.95 after the bank said that its total deposits increased 16.48% to Rs 17,752.97 crore in Q3 December 2020 from Rs 15,241.11 crore in Q3 December 2019.
Of the total deposits, CASA was at Rs 5,392.96 crore (up 23.88% YoY) while the term deposits were at 12,360.01 crore (up 13.52% YoY) as on 31 December 2020.
The bank's gross advances surged 22.64% to Rs 13,425.24 crore in Q3 December 2020 from Rs 10,947.28 crore in Q3 December 2019. Advances against gold & gold jewellery during the December 2020 quarter jumped by 60.36% year-on-year (YoY) to Rs 5,633.75 crore.
CSB Bank is one of the oldest private sector banks in India, with its strong presence in Kerala, Tamil Nadu, Karnataka, and Maharashtra through 432 branches and an overall customer base of 1.5 million in SME, retail, and NRI segments.
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