CSB Bank reports 10% rise in Q2 net profit

CSB Bank Ltd. | Bank - Private | BFSI | BSE: 542867 | NSE: CSBBANK

20 Oct 2023 Evaluate

CSB Bank has reported results for second quarter ended September 30, 2023 (Q2FY24).

The bank has reported 10.47% rise in its net profit at Rs 133.17 crore for the quarter under review as compared to Rs 120.55 crore for the same quarter in the previous year. Total income of the bank increased by 39.27% at Rs 835.79 crore for Q2FY24 as compared Rs 600.12 crore for the corresponding quarter previous year.

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.

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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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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