CSB Bank soars 10% as Q2 net profit rises 72% YoY; pares gains later

Net profit was aided by higher net interest income (NII) and lower provisioning

Shares of CSB Bank moved higher by 10 per cent to Rs 336.85 on the BSE in Monday's intra-day trade after the bank reported 72 per cent year on year (YoY) jump in net profit at Rs 118.57 crore in September quarter (Q2FY22). This was aided by higher net interest income (NII) and lower provisioning. The private sector lender had reported profit of Rs 68.90 crore in the year-ago quarter. The bank's NII grew 21 per cent YoY at Rs 278 crore.

ICICI Securities had expected NII to grow 25 per cent YoY, which is slightly lower than its