CSB Bank has reported 16.48% rise in total deposits to Rs 17752.97 crore (provisional) in Q3 December 2020 over Q3 December 2019. Out of the total deposits, CASA deposits grew 23.88% to Rs 5392.96 crore and term deposits rose 13.52% to Rs 12360.01 crore year-on-year (YoY) during the quarter.
Advances against gold & gold jewellery jumped 60.36% to Rs 5633.75 crore in Q3 December 2020 over Q3 December 2019. Gross advances were up 22.64% to Rs 13425.24 crore.
Catholic Syrian Bank (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.
