CSB Bank moves higher on reporting 19% rise in total deposits during third quarter of FY23
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CSB Bank is currently trading at Rs. 260.40, up by 17.05 points or 7.01 % from its previous closing of Rs. 243.35 on the BSE.
The scrip opened at Rs. 256.90 and has touched a high and low of Rs. 264.00 and Rs. 250.40 respectively. So far 156326 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 275.00 on 19-Dec-2022 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. 264.00 and Rs. 230.85 respectively. The current market cap of the company is Rs. 4532.32 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’s total deposits grew 18.93% to Rs 22,664.02 crore (provisional) as of December 31, 2022 (Q3FY23), as compared to Rs 19,056.01 crore as of December 31, 2021 (on a yearly basis). On a quarterly basis, the total deposits stood at Rs 20,986.61 crore as of September 2022.
The bank’s term deposits stood at Rs 15,538.27 crore (provisional) as of December 31, 2022, posting a 24.62% rise in year-on-year (YoY) terms as against Rs 12,468.82 crore as of December 31, 2021 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 13,793.80 crore as of September 2022. CASA stood at Rs 7,125.74 crore (Provisional) as of December 31, 2022, posting a 8.18% rise in year-on-year (YoY) terms as against Rs 6,587.19 crore as of December 31, 2021. Its gross advances increased 25.74% to Rs 18,643.32 crore (provisional) as of December 31, 2022, as compared to Rs 14,827.09 crore as of December 31, 2021.
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.
