CSB Bank Q4 Results: PAT rises 19% YoY to Rs 156 crore on higher income

CSB Bank reported a 19% rise in net profit for the March quarter as the net profit rose to INR 156 crore, backed by growth in core and non-core verticals. Operating profit surged 42%, while the net interest income rose 15% to INR349 crore. The bank had a negative provision of INR 9 crore, contributing to the upgradation of loan accounts, although the bank’s net interest margin dropped to 5.38% from 5.42% YoY. The bank’s capital adequacy ratio improved to 27%, and total deposits increased by 21%.