CSB Bank soars 10%, hits 52-week high on impressive Q4 results

In Q4FY21, the net interest income (NII) grew 75 per cent year-on-year (YoY) at Rs 275.70 crore as against Rs 157.54 crore in the year-ago quarter

Shares of CSB Bank hit a 52-week high as they soared 10 per cent to Rs 284.95 on the BSE in intra-day trade on Monday after the lender reported an impressive March quarter result (Q4FY21) with a net profit of Rs 42.89 crore as against a loss of Rs 59.7 crore in Q4FY20.

The bank surpassed its previous high of Rs 279.75 touched on March 8. It had hit an all-time high of Rs 314 on December 5, 2019. CSB Bank has a strong base in Kerala along with a significant presence in Tamil Nadu, Karnataka, AP, Telengana and Maharashtra.

In Q4FY21,