CSB Bank surges on logging 18% growth in gross advances in Q4FY24
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CSB Bank is currently trading at Rs. 379.05, up by 11.60 points or 3.16% from its previous closing of Rs. 367.45 on the BSE.
The scrip opened at Rs. 380.40 and has touched a high and low of Rs. 385.00 and Rs. 375.75 respectively. So far 21202 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. 250.00 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 385.00 and Rs. 348.05 respectively. The current market cap of the company is Rs. 6588.12 crore.
The promoters holding in the company stood at 49.72%, while Institutions and Non-Institutions held 20.68% and 29.59% respectively.
CSB Bank’s gross advances stood at Rs 24,574 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 17.91% rise in year-on-year (YoY) terms against Rs 20,842 crore as of March 31, 2023. Total deposits grew 21.27% to Rs 29,719 crore (provisional) as of March 31, 2024, as compared to Rs 24,506 crore as of March 31, 2023.
CASA stood at Rs 8,084 crore (provisional) as of March 31, 2024, posting a 2.51% rise in year-on-year terms against Rs 7,886 crore as of March 31, 2023. Term Deposits stood at Rs 21,634 crore (provisional) as of March 31, 2024, posting a 30.17% rise in year-on-year terms against Rs 16,620 crore as of March 31, 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.
