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CSB Bank reports 89% rise in Q3 net profit

19 Jan 2021 Evaluate

CSB Bank has reported results for third quarter ended December 31, 2020.

The bank has reported 88.52% rise in its net profit of Rs 53.05 crore for the quarter under review as against net profit of Rs 28.14 crore for the same quarter in the previous year. Total income of the bank increased by 36.41% at Rs 599.24 crore for Q3FY21 as compared Rs 439.29 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October- December quarter of the current fiscal improved to 1.77%, as compared to 3.22% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 0.68% in Q3FY21.

Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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