CSB Bank soars on logging 18% growth in gross advances in Q1FY25
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CSB Bank is currently trading at Rs. 385.40, up by 10.00 points or 2.66% from its previous closing of Rs. 375.40 on the BSE.
The scrip opened at Rs. 385.00 and has touched a high and low of Rs. 402.30 and Rs. 380.70 respectively. So far 128775 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 421.95 on 01-Jan-2024 and a 52 week low of Rs. 282.45 on 20-Jul-2023.
Last one week high and low of the scrip stood at Rs. 402.30 and Rs. 354.45 respectively. The current market cap of the company is Rs. 6695.69 crore.
The promoters holding in the company stood at 49.72%, while Institutions and Non-Institutions held 20.87% and 29.40% respectively.
CSB Bank’s gross advances stood at Rs 25,099 crore (provisional) as of June 30, 2024 (Q1FY25), posting a 17.80% rise in year-on-year (YoY) terms against Rs 21,307 crore as of June 30, 2023. Total deposits grew 22.24% to Rs 29,920 crore (provisional) as of June 30, 2024, as compared to Rs 24,476 crore as of June 30, 2023.
Term Deposits stood at Rs 22,471 crore (provisional) as of June 30, 2024, posting a 32.75% rise in year-on-year terms against Rs 16,927 crore as of June 30, 2023. However, CASA stood at Rs 7,449 crore (provisional) as of June 30, 2024, posting a 1.32% fall in year-on-year terms against Rs 7,548 crore as of June 30, 2023.
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.
