Buy CSB Bank, target price Rs 270: ICICI Direct

ICICI Direct has buy call on CSB Bank with a target price of Rs 270. The current market price of CSB Bank Ltd. is Rs 184. Time period given by analyst is one year when CSB Bank Ltd. price can reach defined target.

CSB Bank Ltd., incorporated in the year 1920, is a banking company (having a market cap of Rs 3192.14 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 31-03-2022, the company reported a Standalone Total Income of Rs 583.17 Crore, up .58 % from last quarter Total Income of Rs 579.81 Crore and down -4.31 % from last year same quarter Total Income of Rs 609.45 Crore. The bank reported net profit after tax of Rs 130.67 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 49.72 per cent stake in the company as of 31-Mar-2022, while FIIs owned 5.02 per cent, DIIs 12.36 per cent.