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CSB Bank Q3 profit stays flat at Rs 153 crore amid higher slippages
https://img.etimg.com/thumb/msid-127719210,width-1200,height-630,imgsize-8366,overlay-etmarkets/articleshow.jpg Fairfax-backed CSB Bank reported a third quarter net profit of Rs 153 crore, flat from the year-ago period’s Rs 152 crore, owing to sharply higher provisions, following a nearly three times high slippages at Rs 197 crore. The net profit was lower than the preceding quarter’s Rs 160…
CSB Bank advances up nearly 11.5% to Rs 14,827 cr in Dec quarter
Gross advances of CSB Bank grew 11.55 per cent to Rs 14,827.10 crore in the quarter ended December 31, 2021, according to the lender's provisional data released on Monday.
In the corresponding quarter a year ago, the private sector bank had reported gross advances worth Rs 13,291.39 crore.
Even as the gross advances were up nearly 12 per cent during the December 2021 quarter, the advances against gold and gold jewellery were down by 1.67 per cent to Rs 5,539.77 crore as per the provisional data, CSB Bank said in a regulatory filing.
The south-based lender had gold and gold jewellery advances of Rs 5,633.75 crore in the December 2020 quarter.
On the other hand, the total deposits (provisional) were up by 7.34 per cent in the reported quarter to Rs 19,056.01 crore, against Rs 17,752.98 crore in the year-ago period.
FSS, CSB Bank launch hyperlocal banking services to boost financial inclusion
FSS, CSB Bank launch hyperlocal banking services to boost financial inclusion
FSS and CSB Bank have partnered to deliver hyperlocal banking services to financially underserved segments. “Under the aegis of this partnership, CSB Bank and FSS plan to open 1,000 Smart Cash franchisees in semi-urban and rural areas across India to expand financial services adoption among underserved segments,” they said in a statement on Wednesday. Modelled on a Branch-in-a-Box service…
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RBI empanells CSB Bank to undertake banking biz of central, state govts
RBI empanells CSB Bank to undertake banking biz of central, state govts
Private sector lender CSB Bank on Tuesday said it has been empanelled as an ‘agency bank’ by the Reserve Bank of India (RBI) to undertake general banking business of central and state governments. Private sector lender CSB Bank on Tuesday said it has been empanelled as an ‘agency bank’ by the Reserve Bank of India (RBI) to undertake general banking business of central and state governments.This…
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FSS, CSB Bank to open 1,000 Smart Cash franchisees for financial inclusion
FSS, CSB Bank to open 1,000 Smart Cash franchisees for financial inclusion
Financial Software and Systems (FSS), a leading provider of integrated payment products and a payments processor, has joined hands with CSB Bank have to deliver hyperlocal banking services to financially underserved segments. Under the this partnership, CSB Bank and FSS plan to open 1,000 Smart Cash franchisees in semi-urban and rural areas across the country to expand the adoption of financial…
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