CSB Bank Q4 doubles YoY net to Rs 131 cr, asset quality improves

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CSB Bank Q4 doubles YoY net to Rs 131 cr, asset quality improves

The bank’s asset quality improved with the gross non-performing assets (NPAs), from 2.68 per cent as on March 2021 to 1.81 per cent as on March 2022. In absolute terms, gross NPA decreased by Rs 104 crore from Rs 393.49 crore last year to Rs 289.51 crore this year. Net NPA percentage decreased from 1.17 per cent as on March 2021 to 0.68 per cent in March this year.

Story Highlights

  • The bank’s net profit more than doubled from Rs 218.40 crore in FY21 to Rs 458.49 crore in FY22. Its operating profit too posted a 19 per cent rise to Rs 613.72 crore during the financial year 2021-22 from Rs 515.52 crore for FY 21.