Page 3 - Csb Bank

CSB Bank Q3 net up 5% to Rs 156 cr on strong growth in deposits and loans

Total income rises to Rs 682 crore from Rs 580 a year ago. Asset quality improves

CSB Bank ends higher after strong Q3 business update

Gross advances rose by 25.74% to Rs 18,643.32 crore as on 31 December 2022 from Rs 14,827.09 crore as on 30 December 2021

MCX can rally to Rs 1,725, CSB Bank Rs 287, says Mehul Kothari; check why

According to the technical analyst from Anand Rathi, one can consider to buy MCX Indian in the range of Rs 1,645 to Rs 1,648; while CSB Bank in Rs 264 - 266 band.

Nomura Singapore sells 1.52% stake in CSB Bank worth Rs 61 crore

Nomura Singapore on Tuesday divested 1.52 per cent stake in private sector lender CSB Bank for over Rs 61 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), Nomura Singapore offloaded 26,39,673 shares, amounting to 1.52 per cent stake in the company. The shares were disposed off at an average price of Rs 232.3 apiece, taking the transaction value to Rs 61.31 crore. Meanwhile, Maybank Securities Pte bought the shares at the same price. On Tuesday, shares of CSB Bank closed 2.42 per cent lower at Rs 228.20 apiece on NSE.

CSB Bank Q2 profit at Rs 121 cr, total income rises to Rs 600.12 cr

CSB Bank on Friday reported a marginal uptick in net profit at Rs 120.55 crore for the quarter ended September 2022 on growth in net interest income. The bank had posted a net profit of Rs 118.57 crore for the year-ago period. Total income rose to Rs 600.12 crore from Rs 555.64 crore in the same period a year ago, according to a regulatory filing by the bank. The asset quality of the bank improved substantially as gross non-performing assets (NPAs) fell to 1.65 per cent of gross advances by the end of September 2022 from 4.11 per cent a year ago. Net NPAs too declined to 0.57 per cent from 2.63 per cent. In absolute value, gross NPAs were at Rs 291 crore, down from Rs 587 crore. Net NPAs were Rs 99 crore as against Rs 370 crore. Pralay Mondal, Managing Director & CEO of the bank said the current macro-economic scenario is quite volatile and challenging. "In the midst of all the prevalent adversities, we kept our focus firm and could do well in the second quarter of FY23. This ..

Stocks to Watch: Adani Ports, Tata Power, UPL, SBI, Tata Motors, Patanjali

Stocks to Watch: State Bank of India (SBI) has clarified that it has not been identified as a nodal bank for handling Russia-related rupee transactions

CSB Bank appoints Pralay Mondal as MD & CEO with effect from Sep 15

Mondal was the deputy managing director of the bank since February 17, 2022 and was subsequently appointed as interim MD & CEO with effect from April 1, 2022

Mehul Kothari recommends Buy on CSB Bank, Dhanuka Agritech; Check Why

According to the technical analyst from Anand Rathi, CSB Bank can rally to Rs 240, while Dhanuka can surge to Rs 790.

CSB Bank to seek shareholders' nod to extend interim MD & CEO Mondal's term

Indian origin Canadian billionaire Prem Watsa's Fairfax India Holdings promoted CSB Bank will seek shareholders' nod later this month to extend interim head Pralay Mondal's term till a regular MD & CEO is appointed. CSB Bank will seek shareholders' nod for Mondal's appointment at the 101th Annual General Meeting (AGM) to be held on September 27, 2022, the private sector lender said in its annual report 2021-22. He was appointed as the interim MD & CEO with effect from April 1, 2022 for a period of three months and further got an extension from July 1 till September 30. Mondal was elevated as the deputy managing director of south-based CSB Bank from February 17, 2022 from the position of president (Retail, SME, Operations, and IT) up to February 16, 2025. With a banking experience of around 30 years, prior to joining CSB Bank, he worked at Axis Bank, Yes Bank, HDFC Bank and Standard Chartered Bank, among others. Former MD & CEO C V R Rajendran stepped down in March 2022 in .

We charted 3-yr, 5-yr, 8-yr plans for growth: CSB Bank's Pralay Mondal

"Growth will be paramount at the end of the day", said Pralay Mondal

CSB Bank profit nearly doubles to Rs 115 cr in Q1; asset quality improves

Private lender CSB Bank on Thursday reported 88 per cent growth in its net profit at Rs 115 crore in the first quarter of FY23 on the back of decline in bad loans.

Battered by three decades of controversy, TMB looks back to the future

The storied bank hopes to put its troubles behind it with its impending IPO

CSB Bank hopes to double its credit growth annually for next three years

CSB bank expects the share of gold loans to come down significantly in future despite a buoyant gold portfolio. This is mainly owing to growth in the SME and retail segment

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

CSB Bank gets RBI nod to appoint Pralay Mondal as Deputy Managing Director

His prior appointment in the bank since September 23, 2020 was as President

CSB Bank witnesses 3-fold jump in net profit to Rs 148 cr in Dec quarter

The Thrissur-based lender had reported a net profit of Rs 53.05 crore for the third quarter of the previous financial year

CSB Bank eyes new highs as CEO CVR Rajendran retires on health grounds

Those close to the operations of the bank indicate it was Rajendran's efforts that transformed it from an old private sector bank to a new-generation one

CSB Bank MD & CEO takes early retirement on health grounds

The Board decided to constitute a search committee to identify and evaluate candidates, either internally or externally, for the position of MD & CEO

CSB Bank MD&CEO retires early, lender to set up panel to find successor

CSB Bank on Saturday said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. This is to inform you that the bank's board in its meeting held on January 8, 2022, considered and accepted the request of C VR Rajendran to take an early retirement from the position, to take care of his health under the advice of his physicians, CSB Bank said in a regulatory filing. The board has further requested Rajendran to continue in the office of MD & CEO till March 31, 2022, it said. Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022. "The board further decided to constitute a search committee comprising the chairperson of the Nomination and Remuneration Committee and two members of the board, to identify and evaluate candidates, from within or from outside, for the position of Managing Director & ...

CSB Bank advances up nearly 11.5% to Rs 14,827 cr in Dec quarter

Shares of CSB Bank on Monday closed at Rs 237.50 apiece on the BSE, up 0.93 per cent from the previous close