MoneyWorks4Me

CSB Bank reports 88% rise in Q1 net profit

21 Jul 2022 Evaluate

CSB Bank has reported results for first quarter ended June 30, 2022.

The bank has reported 87.74% rise in its net profit at Rs 114.52 crore for the quarter under review as compared to Rs 61 crore for the same quarter in the previous year. Total income of the bank increased by 4.29% at Rs 590.78 crore in Q1FY23 as compared Rs 566.49 crore for the corresponding quarter previous year.

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.

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