CSB Bank surges on logging 26% growth in gross advances in Q3FY25
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CSB Bank is currently trading at Rs. 325.00, up by 11.35 points or 3.62% from its previous closing of Rs. 313.65 on the BSE.
The scrip opened at Rs. 331.60 and has touched a high and low of Rs. 334.15 and Rs. 323.25 respectively. So far 109833 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 419.70 on 16-Apr-2024 and a 52 week low of Rs. 292.50 on 25-Oct-2024.
Last one week high and low of the scrip stood at Rs. 334.15 and Rs. 310.00 respectively. The current market cap of the company is Rs. 5703.35 crore.
The promoters holding in the company stood at 40.00%, while Institutions and Non-Institutions held 30.29% and 29.71% respectively.
CSB Bank’s gross advances stood at Rs 28,914 crore (provisional) as of December 31, 2024 (Q3FY25), posting a 26.44% rise in year-on-year (YoY) terms against Rs 22,867 crore as of December 31, 2023. Total deposits grew 22.16% to Rs 33,406 crore (provisional) as of December 31, 2024, as compared to Rs 27,345 crore as of December 31, 2023.
Term Deposits stood at Rs 25,365 crore (provisional) as of December 31, 2024, posting a 28.09% rise in year-on-year terms against Rs 19,802 crore as of December 31, 2023. CASA stood at Rs 8,041 crore (provisional) as of December 31, 2024, posting a 6.60% rise in year-on-year terms against Rs 7,543 crore as of December 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.
