Latest news with #CSBBank
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Business Standard
4 days ago
- Business
- Business Standard
Private bank share hits record high, soars 40% so far in CY25. Do you own?
CSB Bank share price today: Shares of private lender CSB Bank hit a record high of ₹438.05, gaining 3.4 per cent on the BSE in Tuesday's intra-day trade in otherwise a weak market. The stock price of the bank has surpassed its previous high of ₹433.55 touched on July 18, 2025. In comparison, the BSE Sensex was down 0.5 per cent at 80,638 at 10:38 AM. Thus far in the calendar year 2025, CSB Bank has outperformed the market by soaring 40 per cent, as against 2.7 per cent rise in the benchmark index. In the past five months, the stock has bounced back 65 per cent from its 52-week low price of ₹266.05 touched on March 5, 2025. What's driving the CSB Bank stock price? CSB Bank had posted a healthy business update in the June quarter of financial year 2026 (Q1FY26). As of June 30, 2025, the company reported provisional total deposits of ₹35,990 crore, marking a 20 per cent year-on-year (Y-o-Y) growth from ₹29,920 crore recorded in Q1FY25. Within these deposits, current account savings account (CASA) stood at ₹8,465 crore, up 14 per cent Y-o-Y from ₹7,449 crore, while term deposits increased 22 per cent Y-o-Y to ₹27,525 crore from ₹22,471 crore. Advances against gold and gold jewellery (excluding receivables secured against gold) rose sharply by 36 per cent annually to ₹14,928 crore compared to ₹10,947 crore in the same period last year. The bank also witnessed a 32 per cent Y-o-Y rise in gross advances, which came in at ₹33,142 crore as of June 30, 2025, up from ₹25,099 crore a year earlier. Meanwhile, CSB Bank has informed stock exchanges that the meeting of the board of directors of the bank is scheduled on August 13, 2025, to consider and approve the unaudited financial results of the Bank for the quarter ended June 30, 2025 (Q1FY25). CSB Bank outlook, business strategy Marking a key milestone in its strategic journey, the Bank is set to transition by completing the 'Build' phase in FY 2025-26 to the 'Scale' phase in FY 2026-27, as outlined in its SBS 2030 strategy. The current year is shaped by a comprehensive technology overhaul, featuring the rollout of a next-generation core banking platform and a fully integrated digital stack. This will substantially enhance product agility, customer experience, and operational efficiency across retail, MSME, and wholesale segments, CSB Bank said in its FY25 annual report. Following stabilisation, the retail asset business is expected to grow significantly, driven by a structured customer acquisition strategy tailored to suit different branch formats and customer segments. The segment is expected to benefit from a broader spectrum of products, including loan against property (LAP), commercial vehicle and consumption loans, and creating enough cross-selling opportunities across the customer lifecycle. In parallel, wholesale banking is expected to deliver robust growth through a restructured vertical-led model, covering large corporate, mid-market, and NBFCs/PSUs. The focus is on deepening share of wallet, enhancing trade and CMS offerings, and progressively reducing earlier NBFC concentration. MSME lending will continue to demonstrate consistent growth, while gold loans are projected to grow steadily with a prudent approach to risk, CSB Bank said. About CSB Bank CSB Bank, formerly known as The Catholic Syrian Bank Limited, offers a comprehensive suite of banking services across SME, retail, and wholesale segments. It also manages treasury operations to optimise its financial resources. With a customer base of over 2 million, the bank provides a wide range of products, including loans, insurance, and internet banking. In recent years, CSB Bank has focused on expanding its footprint beyond southern India, operating a growing network of branches and ATMs across the country. Focusing upon digital transformation, the bank is integrating technology-driven solutions to enhance customer experience and operational efficiency.
Reuters
24-07-2025
- Business
- Reuters
Once bitten, twice shy: Indian banks wary of parking funds with RBI after rate jolt
MUMBAI, July 24 (Reuters) - Indian banks are likely to adopt a cautious approach in deploying funds at the central bank's reverse repo auction which is likely to take place on Friday after a recent cash crunch forced them to borrow overnight at elevated rates, bankers said. Lenders parked 2 trillion rupees ($23.17 billion) with the Reserve Bank of India at its seven-day variable rate reverse repo (VRRR) auction last Friday, even as large outflows for goods and services tax payments loomed earlier this week. Banks had assumed they could access cheaper funding from the collateralised market when needed, a senior treasury official at a private bank said, requesting anonymity as he is not authorised to speak to the media. "After cash shortages in the overnight market, there will be a re-look at how much money needs to be parked in the seven-day VRRR and subscription may be muted," said Alok Singh, group head of treasury at CSB Bank. The weighted average call money rate (WACR) and the collateralised weighted average tri-party repo rate (WATR) surged around 40 basis points this week to 5.73% and 5.72%, respectively, on Wednesday. The WACR, which serves as the operating rate, is typically aligned with the RBI's policy repo rate, currently at 5.50%. The central bank began conducting seven-day variable rate reverse repo (VRRR) auctions since June 27 and has occasionally held shorter-tenure VRRRs to help fine-tune overnight rates. While the RBI did inject liquidity through short-term repos, bankers said the move came too late, as most borrowing had already occurred at higher rates. "It is best the RBI provides some funding at the fixed repo window on overnight basis," said Abhishek Upadhyay, senior economist at ICICI Securities Primary Dealership. "They can cap that amount, that will limit the need for fine tuning interventions. Also they may explore relying more on overnight VRRR operations, just like they have been willing to use overnight VRR auctions," he added. ($1 = 86.3260 Indian rupees)
Time of India
05-07-2025
- Time of India
MCD agent, Delhi hosp technician among 5 arrested in Rs 500 crore insurance scam
Meerut: Five people, including a woman, were arrested on Saturday for allegedly forging medical and civic records to fraudulently claim insurance payouts by falsely declaring already deceased individuals as recently dead. The arrests are the latest development in the Rs 500 crore insurance scam that has spanned over seven years and involved multiple states. The arrested include Prem Pal, an agent linked to Delhi MCD; Nawaz Ahmed, a technician from GB Pant Hospital, Delhi; Kalpana Singh, a CSB Bank employee; Ravinder Gupta, an insurance claim investigator; and Virender Kumar, a former guard and aspiring cricketer. The scam, first reported by TOI, has unravelled a network of fraud that spans multiple states and involves forged documents, insider collusion, and insurance manipulation. In one instance, the gang secured Rs 70 lakh through three fraudulent policies for Trilok Kumar, a Delhi man who died of cancer in June 2024. After convincing Kumar's widow, Sapna, with promises of financial help, the gang procured his ID documents and purchased three policies in Sept 2024. They later submitted forged ECG reports, fake doctor seals, and a fabricated second death certificate claiming Kumar died of a heart attack at GB Pant Hospital in Dec 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is it legal? How to get Internet without paying a subscription? Techno Mag Learn More Undo Prem Pal, leveraging his MCD links, allegedly created a fake certificate for Rs 5,000. Nawaz Ahmed, a hospital orderly, forged medical files and stole documents for Rs 17,000 in bribes. He and others inserted the fake file into hospital records. Sambhal ASP Anukriti Sharma said, "They faked ECGs, signatures and the death record to match the insurance date. It was a complete fabrication. They even forged doctors' signatures and official seals." HDFC Life assigned Ravindra Gupta to investigate the claim of one of the policies. Persuaded by alleged kingpin Shahrukh Khan, Gupta filed a false report, leading to Rs 20 lakh being credited to Sapna's account. Police had seized her debit card and cheque book during Shahrukh's arrest in Feb, so the funds remained untouched. Other claims were cancelled once the fraud was detected. The scam was first uncovered on Jan 17, when Sambhal police intercepted a vehicle with Rs 11 lakh, 19 debit cards, and numerous documents. Six more were arrested by Feb 15 — including Shahrukh, Hirender Kumar, Roop Kishor, Prem Pal, Prem Singh and ASHA worker Neelam Devi. Seized items included 81 passbooks, 31 fake death certificates, and 18 forged bank stamps. The scam preyed on the poor and the sick, with some cases involving murder disguised as accidents to claim insurance. The wider UP-based insurance racket emerged as a large-scale fraud involving forged medical records, fake death certificates, and inflated insurance claims — sometimes linked to murders staged as accidents. It began surfacing in 2024 in Sambhal and has since spread to at least 12 states, including Delhi, West Bengal and Uttar Pradesh. Initial investigations had estimated the scam's value at over Rs 100 crore, but fresh revelations, including the Trilok case, pushed the suspected fraud total higher. Enforcement Directorate is now probing links to multiple deaths and fraudulent claims, many targeting terminally ill patients or those already dead. Trilok's case was uncovered from documents seized in Feb. The gang had already taken control of Sapna's phone number, passbooks and chequebook. Police said Virender Kumar, once a guard, began helping patients get appointments, which connected him to Nawaz. After meeting Shahrukh in 2022, Virender became a full-time member, approaching bereaved families and offering false promises of aid. During Kumar's illness in early June 2024, his family had tried to admit him to GB Pant Hospital but were redirected. He later died, and Virender approached his widow. "We found out he had died, and that's when the gang reached out to his wife," said an officer. Kalpana, working as a business development officer, opened fake accounts using a lookalike of co-accused Hirender Kumar. She also tried to rope in Sapna with false insurance promises and received expensive gifts from Shahrukh to help meet her targets.
Business Standard
03-07-2025
- Business
- Business Standard
CSB Bank rises after gross advances jump 32% YoY in Q1 FY26; deposits at Rs 35,990 crore
CSB Bank added 1.88% to Rs 398.35 after the bank's gross advances increased by 32% to Rs 33,142 crore as on 30 June 2025 from Rs 25,099 crore as on 30 June 2024. The gross advances are higher by 4% as compared with the figure of Rs 31,842 crore recorded on 31 March 2025. Advances against Gold & Gold Jewellery (excluding receivables secured against gold) amounted to Rs 14,928 crore, up 36% YoY and up 6% QoQ. Total deposits added up to Rs 35,990 crore as on 30 June 2025, up by 20% from Rs 29,920 crore as on 30 June 2024. On a sequential basis, however, the deposits base has declined by 2% from Rs 36,861 crore as on 31 March 2025. Share of CASA and term deposits in total deposits stood at 24% and 76%, respectively, as on 30 June 2025. CSB Bank is an old private sector bank with a history of over 100 years and operates 829 branches as on 31 March 2025. The business is concentrated in Kerala with the remaining spread across Tamil Nadu, Andhra, Karnataka, and Maharashtra. The banks standalone net profit jumped 25.7% to Rs 190.44 crore on 37.4% rise in revenue form operations to Rs 1,362.36 crore in Q4 FY25 over Q4 FY24.
Business Standard
03-07-2025
- Business
- Business Standard
CSB Bank share pops 3% on healthy Q1 business show; key info inside
CSB Bank shares were buzzing today after the lender posted a healthy business update in the June quarter of financial year 2026 (Q1FY26). SI Reporter New Delhi CSB Bank share price: Private lender CSB Bank share price was in demand on Thursday, July 3, 2025, with the scrip popping up to 2.77 per cent to hit an intraday high of ₹401.85 per share. At 9:55 AM, CSB Bank share price was trading 1.16 per cent higher at ₹395.55 per share. In comparison, BSE Sensex was trading 0.25 per cent higher at 83,616.29 levels. CATCH STOCK MARKET LATEST UPDATES TODAY LIVE Why did CSB Bank share price rise today? CSB Bank shares were buzzing today after the lender posted a healthy business update in the June quarter of financial year 2026 (Q1FY26). As of June 30, 2025, the company reported provisional total deposits of ₹35,990 crore, marking a 20 per cent year-on-year (Y-o-Y) growth from ₹29,920 crore recorded on June 30, 2024. Within these deposits, Current Account Savings Account (CASA) stood at ₹8,465 crore, up 14 per cent Y-o-Y from ₹7,449 crore, while term deposits increased 22 per cent Y-o-Y to ₹27,525 crore from ₹22,471 crore. Advances against gold and gold jewellery (excluding receivables secured against gold) rose sharply by 36 per cent annually to ₹14,928 crore compared to ₹10,947 crore in the same period last year. The bank also witnessed a 32 per cent Y-o-Y rise in gross advances, which came in at ₹33,142 crore as of June 30, 2025, up from ₹25,099 crore a year earlier. About CSB Bank CSB Bank, formerly known as The Catholic Syrian Bank Limited, is one of India's oldest private sector banks, established in 1920 and headquartered in Thrissur, Kerala. Rebranded in 2019, the bank has a rich legacy, especially in Kerala, and has steadily evolved into a modern financial institution. CSB offers a comprehensive suite of banking services across SME, retail, and wholesale segments. It also manages treasury operations to optimise its financial resources. With a customer base of over 2 million, the bank provides a wide range of products, including loans, insurance, and internet banking. In recent years, CSB Bank has focused on expanding its footprint beyond southern India, operating a growing network of branches and ATMs across the country. Focusing upon digital transformation, the bank is integrating technology-driven solutions to enhance customer experience and operational efficiency. Recognised as a Scheduled Bank since 1969 under the Second Schedule of the RBI Act, CSB is positioning itself as a full-service, contemporary financial institution committed to innovation and customer-centric banking. The CSB Bank's market capitalisation is ₹6,857.89 crore, according to BSE The company falls under the BSE Small Cap category.
