CSB Bank Ltd. has reported impressive financial results for the fourth quarter of FY2024, demonstrating significant growth in key areas such as total deposits, advances, and advances against gold and gold jewellery. Here are the key highlights:
Key Highlights:
Total Deposits: ₹33,406 Crore
CSB Bank’s total deposits for the quarter ended December 31, 2024, amounted to ₹33,406 crore, marking a substantial increase of 22.17% year-on-year (YoY), compared to ₹27,345 crore in the same quarter of 2023.
CASA Deposits: ₹8,041 Crore
The bank’s Current and Savings Account (CASA) deposits reached ₹8,041 crore, registering a 6.60% YoY growth.
Term Deposits: ₹25,365 Crore
The bank’s Term Deposits grew by 28.10% YoY, totaling ₹25,365 crore.
Advances Against Gold & Gold Jewellery: ₹13,018 Crore
CSB Bank’s advances against gold and gold jewellery stood at ₹13,018 crore, showing a 36.28% increase compared to ₹9,553 crore in the same quarter of 2023.
Gross Advances: ₹28,914 Crore
The bank’s overall gross advances grew by 26.45% YoY, reaching ₹28,914 crore, compared to ₹22,867 crore in December 2023.
