Fairfax-backed CSB Bank's PAT rises 89% to Rs 53 cr in Dec quarter

Fairfax-backed CSB Bank reported a profit of Rs 53.05 crore during the quarter ended December 31, 2020 as compared to Rs 28.14 crore during the same period last year, an increase of 89% over Q3FY20.
 

The total income of the bank during the period rose to Rs 599.24 crore from Rs 439.29 crore.
 

Total deposits grew by 16% YoY and the CASA ratio stood at 30.4% as on December31, 2020 as against 28.6% as on December 31, 2019. Advances (net) grew 22% YoY on the back of a 61% growth in gold loans.
 

C VR Rajendran, managing director & CEO