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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
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
The Board of Directors of CSB Bank took on record the financial results for the quarter (Q3 FY 2024) and nine months ended 31.12.2023, which were subject to limited review in their meeting dated 29.01.2024. Highlights Profit After-tax: Bank registered a net profit of Rs 415 Crs for the nine months ended 31.12.2023 vis a vis a net profit of Rs 391 Crs for the corresponding period last year. Net profit improved by 6% on a YoY basis. Bank continued with its policy of maintaining accelerated ...
CSB Bank Ltd : Q3 FY24 Financial Results
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
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