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Buy CSB Bank Ltd For Target Rs.415 By Yes Securities Overall investment thesis remains intact Our view – Quarterly RoA has bottomed out and should revert back Net Interest Margin - Margin declined sequentially but most of the decline was due to change in accounting mandated by the RBI: NIM was at 4.36%, down -68bps QoQ and -104bps YoY. An impact of 40bps was due to change in regulation where penal interest has been moved to the fee income line. The balance impact was due to higher slippages and higher cost of funds. The yield on adv...
Buy CSB Bank Ltd For Target Rs.415 By Yes Securities
Buy CSB Bank Ltd For Target Rs.415 By Yes Securities
Source: Yes Securities Ltd
2024-08-11 11:45:47 am
Quote on Monetary Policy Announcement by Mr Pralay Mondal, MD & CEO, CSB Bank Below the Quote on Monetary Policy Announcement by Mr Pralay Mondal, MD & CEO, CSB Bank    “The Central Bank has been looking at data and deciding on policy objectively. The food inflation and the impact of base effect on inflation doesn’t warrant a looser monetary policy. The reduction of reporting periodicity to CIC and continuous clearance of cheques are welcome steps. We believe that RBI will continue to keep the system liquidity in surplus to ease pre...
Quote on Monetary Policy Announcement by Mr Pralay Mondal, MD & CEO, CSB Bank
Quote on Monetary Policy Announcement by Mr Pralay Mondal, MD & CEO, CSB Bank
Source: PR Agency
2024-08-08 02:38:29 pm
CSB Bank soars on logging 18% growth in gross advances in Q1FY25 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....
CSB Bank soars on logging 18% growth in gross advances in Q1FY25
CSB Bank soars on logging 18% growth in gross advances in Q1FY25
Source: Accord Fintech
2024-07-02 12:47:58 pm
CSB Bank Limited Financial Results for the Quarter & Year ended March 31, 2024 The Board of Directors of CSB Bank took on record the audited financial results for the 4th quarter (Q4 FY 2024) and year ended 31st March 2024, in their meeting dated 26.04.2024. Highlights Profit After-tax: Bank recorded a Net profit of Rs 567 Crs for the year ended 31st March 2024 as against a Net profit of Rs 547 Crs in FY 23. Net profit improved by 4% on a Y-o-Y basis. Bank continued with its policy of maintaining accelerated provisioning during this quarter as well with few mor...
CSB Bank Limited Financial Results for the Quarter & Year ended March 31, 2024
CSB Bank Limited Financial Results for the Quarter & Year ended March 31, 2024
Source: PR Agency
2024-04-27 09:14:29 am
Buy CSB Bank Ltd For Target Rs.480 By Yes Securities Our view – Relative caution on gold loans not a structural concern Loan growth has slowed from 27% YoY in 2Q to 23% YoY in 3Q on account of a variety of factors: There was a relative slowdown in gold loans and wholesale loans, which have grown 23% YoY and 10% YoY, respectively, in 3Q compared with 32% YoY and 17% YoY in 2Q. Gold loan growth has slowed on account of multiple reasons. Furthermore, bank has brought down its loan to deposit ratio from 87.5% to 82.9% on sequential basis, ...
Buy CSB Bank Ltd For Target Rs.480 By Yes Securities
Buy CSB Bank Ltd For Target Rs.480 By Yes Securities
Source: Yes Securities Ltd.
2024-04-17 10:30:24 am
Quote on Union Budget : The budget is fully aligned to vision 2047 with GDP defined as Governance Says Mr. Pralay Mondal, MD & CEO, CSB Bank Below the Quote on Union Budget from Mr. Pralay Mondal, MD & CEO, CSB Bank   The budget is fully aligned to vision 2047 with GDP defined as Governance , Development & Performance on the principle of reform, perform and transform. The path to fiscal consolidation with fiscal deficit pegged at 5.1% shows government commitment to its promises . Overall a fascinating budget covering all sections of society especially towards the research and innovation initiatives by our y...
Quote on Union Budget : The budget is fully aligned to vision 2047 with GDP defined as Governance Says Mr. Pralay Mondal, MD & CEO, CSB Bank
Quote on Union Budget : The budget is fully aligned to vision 2047 with GDP defined as Governance Says Mr. Pralay Mondal, MD & CEO, CSB Bank
Source: PR Agency
2024-02-01 01:55:33 pm
Indian investors favour long-term bonds anticipating conservative budget  Indian funds, insurers and banks have increased their positions in longer-duration bonds in anticipation of the federal government's interim budget being fiscally conservative with no pre-election spending surprises. India's finance minister is set to present the country's federal budget for 2024/25 on Feb.1, with expectations of the government reducing its fiscal deficit by at least 50 basis points (bps) and keeping its gross market borrowings flat in the range of 15-15....
Indian investors favour long-term bonds anticipating conservative budget
Indian investors favour long-term bonds anticipating conservative budget
Source: Reuters
2024-01-30 12:05:42 pm
Buy CSB BANK Ltd For Target Rs. 440 By Yes Securities Ltd Result Highlights (See ?Our View? below for elaboration and insight)* Asset quality: Gross slippages were under control atRs 540mn (annualized slippage?ratio of 1.0%) and recoveries and upgrades were healthy at Rs 400mn* Margin picture: NIM was down -56bps QoQ to 4.84%, due to sequential fall in yield?on advances as against rise in cost of deposits* Asset growth: Advances grew 5.5%/27.4% QoQ/YoY driven on YoY basis by Gold?loans and Retail loans* Opex control: Total opex rose 4.4%/49.4% QoQ/Y...
Buy CSB BANK Ltd For Target Rs. 440 By Yes Securities Ltd
Buy CSB BANK Ltd For Target Rs. 440 By Yes Securities Ltd
Source: Yes Securities Ltd
2023-10-25 12:42:15 pm
Monetary Policy Quote : The Status quo considering the volatility in Global factors is a prudent call says Mr. Pralay Mondal, MD & CEO, CSB Bank Below the Quote on Monetary Policy by Mr. Pralay Mondal, MD & CEO, CSB Bank?The Status quo considering the volatility in Global factors is a prudent call. The growth projection of 6.6% along with incremental higher credit growth will keep pressure on banks for deposits. We hope prudent balance in OMO sales will keep the system liquidity adequate to keep the short term rates down. Overall close watch on inflation and other high frequency data will remain important.?Above views ar...
Monetary Policy Quote : The Status quo considering the volatility in Global factors is a prudent call says Mr. Pralay Mondal, MD & CEO, CSB Bank
Monetary Policy Quote : The Status quo considering the volatility in Global factors is a prudent call says Mr. Pralay Mondal, MD & CEO, CSB Bank
Source: PR Agency
2023-10-06 11:41:00 am