Buy CSB Bank, target price Rs 250: ICICI Direct

ICICI Direct has buy call on CSB Bank with a target price of Rs 250. The current market price of CSB Bank Ltd. is Rs 220.25. CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 3833.17 Crore).

CSB Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 590.78 Crore, up 1.30 % from last quarter Total Income of Rs 583.17 Crore and up 3.37 % from last year same quarter Total Income of Rs 571.53 Crore. The bank reported net profit after tax of Rs 114.52 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 49.72 per cent stake in the company as of 30-Jun-2022, while FIIs owned 5.06 per cent, DIIs 11.23 per cent.