CSB Bank’s shares soared 4% following the release of impressive financial results for Q4 FY24, highlighting robust growth across key financial metrics.
The shares opened at ₹330.00, reaching a high of ₹330.00 and a low of ₹326.00 during the trading session. The stock has seen a 52-week high of ₹421.45 and a 52-week low of ₹292.05, highlighting its price volatility over the past year.
Key Financial Highlights
Total Deposits: ₹33,406 Crore
The bank reported a 22.17% year-on-year (YoY) growth in total deposits, compared to ₹27,345 crore in Q4 FY23.
CASA Deposits: ₹8,041 Crore
CASA deposits increased by 6.60% YoY, reflecting sustained customer trust in the bank’s offerings.
Term Deposits: ₹25,365 Crore
Term deposits showed an impressive 28.10% YoY growth, underscoring CSB Bank’s ability to attract long-term investments.
Advances Against Gold & Gold Jewellery: ₹13,018 Crore
The bank’s advances against gold and gold jewellery surged 36.28% YoY, demonstrating strong demand in this segment.
Gross Advances: ₹28,914 Crore
Overall gross advances grew by 26.45% YoY, a testament to CSB Bank’s expanding lending portfolio.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
