'CSB Bank conducted a conference call 28 January 2025 to discuss its financial results for the quarter ended December 2024. Pralay Mondal, MD&CEO of the bank addressed the call:
Highlights:
The bank has recorded flat net profit of Rs 152 crore in Q3FY25 with 13% growth in the operating profit to Rs 221 crore.
The bank has recorded strong 75% growth in the other income which accounted for a significant 19% of the total income.
The bank has exhibited an improvement in the cost to income ratio to 62.9% in Q3FY25 from 65% in Q2FY25.
The bank has sustained a net interest margin above 4% at 4.11% in Q3FY25 despite tight liquidity conditions and higher interest rate in the system. The NII growth has been impacted due to higher funding cost and penal interest income getting classified to other income.
The bank has maintained strong deposit growth of 22% at Rs 33407 crore with Casa deposit growth of 7%. Casa deposit ratio was at 24.1%.
The LCR was at a comfo...
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