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Of this, CASA deposits amounted to Rs 8,084 crore (up 2.51% YoY) and term deposits aggregated to Rs 21,634 crore (up 30.17% YoY) during the period under review.
Gross advances grew by 17.91% to Rs 24,574 crore as on 31 March 2024 as against Rs 20,842 crore posted in the same period a year ago.
Advances against gold & gold jewellery, stood at Rs 11,817 crore as on 31 March 2024, registering a growth of 21.9% on YoY basis.
CSB Bank is an old private sector bank with a history of over 100 years and operating out of 753 branches. The business is concentrated in Kerala (approximately 50% branches) with remaining spread mainly across Tamil Nadu, Karnataka, and Maharashtra.
The bank reported 3.8% decline in net profit to Rs 149.97 crore in Q3 FY24 as against 155.95 crore recorded in Q3 FY23. Total income jumped 30.1% YoY to Rs 887.17 crore in Q3 FY24.
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