CSB Bank profit surges 3-fold, asset quality sees improvement
CSB Bank on Friday reported an over three-fold jump in its net profit for the fiscal fourth quarter at Rs 130.67 crore, compared with Rs 43 crore a year earlier. Total income during the quarter ended on March 31 rose to Rs 583.17 crore from Rs 560...
By ET Bureau | Updated:
Agencies
Mumbai: CSB Bank on Friday reported an over three-fold jump in its net profit for the fiscal fourth quarter at Rs 130.67 crore, compared with Rs 43 crore a year earlier.
Total income during the quarter ended on March 31 rose to Rs 583.17 crore from Rs 560.87 crore, the private-sector lender said.
The bank's asset quality showed improvement with its gross non-performing asset ratio falling to 1.81%. It was 2.66% a year earlier.
Gross NPAs were worth Rs 289.51 crore, down from Rs 393.49 crore.
Net NPAs reduced to 0.68% from 1.17%.
The bank's board did not recommend any dividend for the year.
Total income during the quarter ended on March 31 rose to Rs 583.17 crore from Rs 560.87 crore, the private-sector lender said.
The bank's asset quality showed improvement with its gross non-performing asset ratio falling to 1.81%. It was 2.66% a year earlier.
Gross NPAs were worth Rs 289.51 crore, down from Rs 393.49 crore.
Net NPAs reduced to 0.68% from 1.17%.
The bank's board did not recommend any dividend for the year.
ADVERTISEMENT
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
