Page 5 - Csb Bank

CSB Bank reports highest-ever net profit of Rs 218 crore in FY21

During the last quarter ended March of FY21, the lender reported a net profit of Rs 42.89 crore against a loss of Rs 59.70 crore in the same quarter of 2019-20

CSB Bank surges 16% in a weak market, hits fresh 52-week high

The stock surpassed its previous 52-week high of Rs 270, touched on November 10, 2020

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

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

SBI Mutual Fund raises stake in private lender CSB Bank to over 5%

Private sector lender CSB Bank on Tuesday said SBI Mutual Fund has increased its stake in the bank to over 5 per cent

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

As China halts imports, India's craft beer craze may rescue Aussie barley

With India's population growing by 15 million per year, the industry will need to make an additional 2 million hectoliters between 2019-24 -- or 80 Olympic swimming pools worth, Bloomberg Intelligence

Three messages from the Lakshmi Vilas Bank deal

It sends a strong signal to promoters and influential investors in the not-so-well-run banks to behave or lose their shirt

Explained: How the Kerala-based CSB Bank made a dramatic turnaround

What accounts for the turnaround of CSB, set up in 1920 to serve the Syrian Christian community in Kerala, when its peers are struggling? It was the years of adversity that strengthened it

CSB Bank's profit rises 179% to Rs 68.9 crore in second quarter

CSB Bank amended terms of investment agreement with Fairfax to align with Articles of Association of bank.

CSB Bank Q2 profit jumps to Rs 69 cr; to hike proportion of gold loans

It had posted a profit of Rs 24.6 crore in the second quarter of 2019-20

CSB Bank's Q2 pre-tax profit up 137% to Rs 82 crore, 56% spike in NII

The bank's Covid-19 provisions stood at Rs 15.6 crore during the quarter, while other provisions stood at Rs 65.2 crore as compared to Rs 24.6 crore, up 164.9 per cent

CSB Bank reports profit before tax of Rs 30 crore in June quarter

The bank said it has made healthy Covid provisions

CSB Bank reports 174% YoY jump in Q1 profit at Rs 53.5 cr; stock zooms 14%

In the March quarter of FY20, the bank had incurred net loss of Rs 59.68 crore

Market Ahead, Aug 17: Top factors that could guide markets this week

More than 200 companies, including PNB, Zee Entertainment, CSB Bank, and Muthoot Finance are scheduled to announce their June quarter earnings this week

Madhavan Aravamuthan appointed new chairman of Fairfax-backed CSB Bank

His skill set includes a deep knowledge of IT systems, payment and settlement systems, offsite surveillance of banks, etc

Bandhan Bank to IDBI Bank: 5 bank stocks that investors are betting on

With new strategies in place, the coming years could be exciting for Bandhan Bank, IDBI Bank, IDFC First Bank, Federal Bank, and CSB Bank

Axis Bank's operations head Tahilyani steps down within seven months

The sources also said that Tahilyani, who had joined Axis Bank this year, might be headed back to Tata AIA as the head of country operations

After Fairfax investment and listing, CSB Bank eyes business expansion

While many banks are still struggling with cost overruns and missed deadlines, resulting cost reduction pressures, CSB is employing solutions for regaining profitability at a post-crisis level

CSB Bank hits over 4-month high, stock rallies 24% in four days

CSB Bank, on Friday, announced the appointment of Pralay Mondal as president (retail, SME, operations and IT)

We'd like to be seen as a full service new-age private bank: CSB Bank chief

In a Q&A, C V R Rajendran, MD & CEO, CSB Bank Ltd, dwells on how the lender turned around in FY20, after several years of losses