CSB Bank’s total deposits grew 18.93% to Rs 22,664.02 crore (provisional) as of December 31, 2022 (Q3FY23), as compared to Rs 19,056.01 crore as of December 31, 2021 (on a yearly basis). On a quarterly basis, the total deposits stood at Rs 20,986.61 crore as of September 2022.
The bank’s term deposits stood at Rs 15,538.27 crore (provisional) as of December 31, 2022, posting a 24.62% rise in year-on-year (YoY) terms as against Rs 12,468.82 crore as of December 31, 2021 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 13,793.80 crore as of September 2022. CASA stood at Rs 7,125.74 crore (Provisional) as of December 31, 2022, posting a 8.18% rise in year-on-year (YoY) terms as against Rs 6,587.19 crore as of December 31, 2021. Its gross advances increased 25.74% to Rs 18,643.32 crore (provisional) as of December 31, 2022, as compared to Rs 14,827.09 crore as of December 31, 2021.
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.
