CSB Bank Q4 net up over two-fold YoY to Rs 131 cr, asset quality improves

FY22 net also doubles from Rs 218.40 cr in FY21 to Rs 458.49 cr in FY22

Kerala-based CSB Bank has posted a two-fold rise in net profit during the fourth quarter of 2021-22 to Rs 131 crore, as compared to Rs 43 crore during the same period in 2020-21.

The bank’s operating profit was up by 77 per cent during the quarter under review to Rs 142.05 crore as against Rs 80.38 crore during the January to March quarter of 2020-21. The company said that the performance during the quarter improved due to reasons including higher earnings and improvement in asset quality among.  

The bank’s net profit more than doubled from Rs 218.40 crore in FY21