CSB Bank gains on reporting marginal rise in Q2 net profit
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CSB Bank is currently trading at Rs. 230.25, up by 1.65 points or 0.72% from its previous closing of Rs. 228.60 on the BSE.
The scrip opened at Rs. 237.70 and has touched a high and low of Rs. 247.35 and Rs. 229.35 respectively. So far 75776 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 313.75 on 26-Oct-2021 and a 52 week low of Rs. 178.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 256.80 and Rs. 227.55 respectively. The current market cap of the company is Rs. 3994.51 crore.
The promoters holding in the company stood at 49.72%, while Institutions and Non-Institutions held 15.65% and 34.62% respectively.
CSB Bank has reported results for second quarter ended September 30, 2022.
The bank has reported rise of 1.67% in its net profit at Rs 120.55 crore for Q2FY23 as compared to Rs 118.57 crore for the corresponding quarter previous year. Total income of the bank increased by 8.01% to Rs 600.12 crore for the quarter under review as compared to Rs 555.64 crore for the same quarter in the previous year.
CSB Bank is one of the oldest private sector banks in India. Under its SME banking business, the bank caters to financial institutions, agriculture and allied businesses, and vendors and dealers of corporates.
