MoneyWorks4Me

CSB Bank logs 18% growth in gross advances in Q4FY24

02 Apr 2024 Evaluate

CSB Bank’s gross advances stood at Rs 24,574 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 17.91% rise in year-on-year (YoY) terms against Rs 20,842 crore as of March 31, 2023. Total deposits grew 21.27% to Rs 29,719 crore (provisional) as of March 31, 2024, as compared to Rs 24,506 crore as of March 31, 2023.

CASA stood at Rs 8,084 crore (provisional) as of March 31, 2024, posting a 2.51% rise in year-on-year terms against Rs 7,886 crore as of March 31, 2023. Term Deposits stood at Rs 21,634 crore (provisional) as of March 31, 2024, posting a 30.17% rise in year-on-year terms against Rs 16,620 crore as of March 31, 2023.

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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