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Electric carmaker VinFast Auto India on Tuesday said it has partnered with CSB Bank to provide auto and inventory financing for its dealer network. The company has signed a Memorandum of Understanding (MoU) with CSB Bank for the purpose, VinFast Auto India said in a statement. The partnership aims to deliver a comprehensive and convenient suite of credit solutions for potential customers of electric SUVs -- VF 6 and VF 7, supporting VinFast's growth strategy in the world's third-largest automotive market, it added. "Through this collaboration, we aim to offer flexible financing solutions that reduce entry barriers, while continuing to build a reliable and well-rounded ecosystem. It is one of several steps we are taking to ensure a consistent, dependable, and customer-focused EV experience in the country," VinFast India CEO, Tapan Ghosh said. CSB Bank Head Retail Banking, Narendra Dixit said as adoption of electric mobility accelerates, there is a growing need for accessible financ
Private sector lender CSB Bank on Monday reported a 26 per cent rise in its net profit to Rs 190 crore for the fourth quarter ended in March 2025. The Kerala-based lender had earned a net profit of Rs 151 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 1,362 crore against Rs 991 crore a year ago, CSB Bank said in a regulatory filing. Asset quality of the bank deteriorated marginally with gross non-performing assets rising to 1.57 per cent of gross advances as of March 31, 2025, from 1.47 per cent at the end of March 2024. Net NPAs also rose to 0.52 per cent of the advances from 0.51 per cent at the end of 2024. As a result, provisions and contingencies rose significantly to Rs 60 crore compared to Rs 22 crore in the same quarter a year ago.