Page 2 - Csb Bank

CSB Bank MD&CEO retires early, lender to set up panel to find successor

CSB Bank on Saturday said its managing director and chief executive C VR Rajendran has decided for an early retirement on health grounds, and the lender will set up a committee to find a successor. This is to inform you that the bank's board in its meeting held on January 8, 2022, considered and accepted the request of C VR Rajendran to take an early retirement from the position, to take care of his health under the advice of his physicians, CSB Bank said in a regulatory filing. The board has further requested Rajendran to continue in the office of MD & CEO till March 31, 2022, it said. Rajendran has been holding the position of MD & CEO since December 9, 2016 and the current term is up to December 8, 2022. "The board further decided to constitute a search committee comprising the chairperson of the Nomination and Remuneration Committee and two members of the board, to identify and evaluate candidates, from within or from outside, for the position of Managing Director & ...

CSB Bank advances up nearly 11.5% to Rs 14,827 cr in Dec quarter

Shares of CSB Bank on Monday closed at Rs 237.50 apiece on the BSE, up 0.93 per cent from the previous close

RBI empanells CSB Bank to undertake banking biz of central, state govts

This appointment will allow CSB Bank to undertake general banking business of the central and state governments which may be entrusted by the RBI, the bank said

FSS, CSB Bank to open 1,000 Smart Cash franchisees for financial inclusion

Modelled on a branch-in-a-box service concept, Smart Cash franchisees would offer affordable banking, investment, credit, and insurance products to target segments

CSB Bank posts 72% rise in Q2 net profit; asset quality improves

CSB Bank on Monday reported a 72 per cent jump in net profit at Rs 118.57 crore in the second quarter ended September. The Kerala-based private sector lender had reported a net profit of Rs 68.90 crore in the corresponding quarter of the previous fiscal. Total income during July-September in FY22 rose to Rs 555.64 crore, as against Rs 513.77 crore in the year-ago quarter, CSB Bank said in a regulatory filing. On the asset front, the bank's non-performing assets (NPAs) rose to 4.11 per cent of the gross advances as of September 2021, as against 3.04 per cent a year ago. In absolute terms, gross NPAs stood at Rs 586.83 crore, higher than Rs 387.42 crore. Net NPAs or bad loans stood at 2.63 per cent (Rs 370 crore) as against 1.30 per cent (Rs 163.52 crore). Stock of CSB Bank traded 1.41 per cent up at Rs 310.10 apiece on BSE.

CSB Bank soars 10% as Q2 net profit rises 72% YoY; pares gains later

Net profit was aided by higher net interest income (NII) and lower provisioning

Sensex snaps 4-day losing streak, ends 534 pts up; Nifty tad below 17,700

Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)

Fairfax-backed CSB Bank Q1 net profit jumps 14% to Rs 61 crore

Sequentially, too, the Kerala-based bank reported improved numbers, posting a rise of 42 per cent.

Pandemic helped all banks in improving digital transactions: CSB Bank CEO

CVR Rajendran, managing director, and chief executive officer of CSB Bank talks to Shine Jacob about the company's digital roadmap to touch 95 per cent mark, Covid-19 loans, the status of slippages

Gold loans likely to recover in the second quarter, says CSB Bank

The gold loan portfolios of banks widened last year after the RBI allowed banks to offer 90% of the value of gold loans from 75%

CSB Bank gains 7%, hits record high post June quarter business update

CSB Bank reported a 3.5 per cent QoQ decline in gross advances to Rs 14,146 crore

CSB Bank soars 10%, hits 52-week high on impressive Q4 results

In Q4FY21, the net interest income (NII) grew 75 per cent year-on-year (YoY) at Rs 275.70 crore as against Rs 157.54 crore in the year-ago quarter

CSB Bank reports highest-ever net profit of Rs 218 crore in FY21

During the last quarter ended March of FY21, the lender reported a net profit of Rs 42.89 crore against a loss of Rs 59.70 crore in the same quarter of 2019-20

CSB Bank surges 16% in a weak market, hits fresh 52-week high

The stock surpassed its previous 52-week high of Rs 270, touched on November 10, 2020

Fairfax-backed CSB Bank's PAT rises 89% to Rs 53 cr in Dec quarter

Total deposits grew by 16% YoY and the CASA ratio stood at 30.4% as on December31, 2020 as against 28.6% as on December 31, 2019. Advances (net) grew 22% YoY on the back of a 61% growth in gold loans

SBI Mutual Fund raises stake in private lender CSB Bank to over 5%

Private sector lender CSB Bank on Tuesday said SBI Mutual Fund has increased its stake in the bank to over 5 per cent

Gold prices climb to 8-week high; is it time to invest in gold financiers?

The trend in Muthoot Finance's stock looks promising as it is trading well above the 200-days moving average (DMA) placed at Rs 1,059 levels

As China halts imports, India's craft beer craze may rescue Aussie barley

With India's population growing by 15 million per year, the industry will need to make an additional 2 million hectoliters between 2019-24 -- or 80 Olympic swimming pools worth, Bloomberg Intelligence

Three messages from the Lakshmi Vilas Bank deal

It sends a strong signal to promoters and influential investors in the not-so-well-run banks to behave or lose their shirt

Explained: How the Kerala-based CSB Bank made a dramatic turnaround

What accounts for the turnaround of CSB, set up in 1920 to serve the Syrian Christian community in Kerala, when its peers are struggling? It was the years of adversity that strengthened it