MoneyWorks4Me

CSB Bank logs 18% growth in gross advances in Q1FY25

02 Jul 2024 Evaluate

CSB Bank’s gross advances stood at Rs 25,099 crore (provisional) as of June 30, 2024 (Q1FY25), posting a 17.80% rise in year-on-year (YoY) terms against Rs 21,307 crore as of June 30, 2023. Total deposits grew 22.24% to Rs 29,920 crore (provisional) as of June 30, 2024, as compared to Rs 24,476 crore as of June 30, 2023.

Term Deposits stood at Rs 22,471 crore (provisional) as of June 30, 2024, posting a 32.75% rise in year-on-year terms against Rs 16,927 crore as of June 30, 2023. However, CASA stood at Rs 7,449 crore (provisional) as of June 30, 2024, posting a 1.32% fall in year-on-year terms against Rs 7,548 crore as of June 30, 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 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
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