CSB Bank’s total deposits grew 21.39% to Rs 24,505.81 crore (provisional) as of March 31, 2023 (Q4FY23), as compared to Rs 20,188.30 crore as of March 31, 2022 (on a yearly basis). On a quarterly basis, the total deposits stood at Rs 22,664.02 crore as of December 2022.
The bank’s term deposits stood at Rs 16,619.55 crore (provisional) as of March 31, 2023, posting a 24.09% rise in year-on-year (YoY) terms as against Rs 13,393.13 crore as of March 31, 2022 and on quarter-on-quarter (QoQ) basis, term deposits stood at Rs 15,538.27 crore as of December 2022.
CASA stood at Rs 7,886.26 crore (Provisional) as of March 31, 2023, posting a 16.06% rise in year-on-year (YoY) terms as against Rs 6,795.17 crore as of March 31, 2022. Its gross advances increased 30.28% to Rs 20,841.66 crore (provisional) as of March 31, 2023, as compared to Rs 15,997.99 crore as of March 31, 2022.
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.
