Latest news with #PralayMondal
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Business Standard
14-08-2025
- Business
- Business Standard
CSB Bank shares tumble 8% as Q1 NIM narrows; stock down 18% in 3 days
Shares of CSB Bank plunged over 8 per cent on Thursday after the lender's net interest margin (NIM) narrowed in the June quarter of the financial year 2026 (Q1FY26), taking the three-day fall to nearly 20 per cent. The lender's stock fell as much as 8.5 per cent during the day to ₹352.2 per share, the biggest intraday fall since July 21 this year. The stock pared losses to trade 3.65 per cent lower at ₹371 apiece, compared to a 0.16 per cent advance in Nifty 50 as of 1:07 PM. Shares of the company fell for the third straight day, falling as much as 18.5 per cent in the process. The stock currently trades at over 7.1 times the average 30-day trading volume, according to Bloomberg. The counter has risen 18.5 per cent this year, compared to a 4.2 per cent advance in the benchmark Nifty 50. CSB Bank has a total market capitalisation of ₹6,436.32 crore. Track LIVE Stock Market Updates Here CSB Bank Q1 results Thrissur-based lender reported a 5 per cent rise in net profit for the first quarter of FY26 at ₹119 crore, compared to ₹113 crore in Q1 FY25. The bank's net interest income (NII) rose 5 per cent year-on-year to ₹379 crore from ₹362 crore. Gross non-performing assets (NPAs) stood at 1.84 per cent as on June 30, compared to 1.69 per cent in the corresponding period last year. Net NPAs were at 0.66 per cent, marginally lower than 0.68 per cent a year ago. However, the bank's net interest margin for the quarter narrowed to 3.54 per cent from 4.36 per cent in Q1 FY25. CSB Bank management commentary "The quarter marked a pivotal milestone of our successful CBS migration, along with the rollout of fifty-plus surround systems, thus enhancing our capabilities manifold," said Pralay Mondal, managing director and chief executive officer. "As the complexity and dimensions of the tech transformation we undertook were huge, the entire CSB team's priority during the quarter was on stabilising it and reaping the benefits subsequently. Despite these challenging times, we had a decent quarter in terms of growth and profitability."
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Business Standard
13-08-2025
- Business
- Business Standard
CSB Bank Q1 result: Net up 5% to Rs 119 crore; NIM narrows to 3.54%
CSB Bank Q1 results, CSB Bank profit Q1 FY26, net profit CSB Bank 2025, CSB Bank gold loans, CSB NIMs Q1, Pralay Mondal CSB Bank, CSB Bank CBS migration, CSB Q1 earnings BS Reporter Chennai Thrissur-based CSB Bank reported a 5 per cent rise in net profit for the first quarter of FY26 at Rs 119 crore, compared to Rs 113 crore in Q1 FY25. The bank's net interest income (NII) rose 5 per cent year-on-year to Rs 379 crore from Rs 362 crore. Gross non-performing assets (NPAs) stood at 1.84 per cent as on June 30, compared to 1.69 per cent in the corresponding period last year. Net NPAs were at 0.66 per cent, marginally lower than 0.68 per cent a year ago. 'The quarter marked a pivotal milestone of our successful CBS migration along with the rollout of fifty-plus surround systems, thus enhancing our capabilities manifold. 'As the complexity and dimensions of the tech transformation we undertook were huge, the entire CSB team's priority during the quarter was on stabilising it and reaping the benefits subsequently. Despite these challenging times, we had a decent quarter in terms of growth and profitability,' said Pralay Mondal, Managing Director and Chief Executive Officer. Strong growth in advances, gold loans Total deposits grew 20 per cent year-on-year to Rs 35,935 crore in Q1 FY26, from Rs 29,920 crore a year earlier. The current account and savings account (CASA) ratio stood at 23 per cent during the quarter. Net advances rose 31 per cent YoY to Rs 32,552 crore from Rs 24,844 crore, led by a 36 per cent jump in gold loans. However, the bank's net interest margin (NIM) for the quarter narrowed to 3.54 per cent from 4.36 per cent in Q1 FY25.
Business Standard
13-06-2025
- Business
- Business Standard
CSB Bank gets RBI nod to reappoint Pralay Mondal as MD & CEO till 2028
CSB Bank announced that Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as managing director (MD) & CEO of the bank for a period of three years with effect from 15 September 2025. The bank will now seek shareholder approval for the reappointment within the timeframe mandated under the Companies Act, 2013, and SEBI Listing Regulations. Pralay Mondal joined CSB Bank in September 2020 after serving as the head of retail banking at Axis Bank. At CSB, he initially took on the role of President overseeing retail, SME, operations, and IT, before being promoted to Deputy Managing Director in February 2022. Pralay had been the Banks interim MD and CEO since April 2022. He has earlier worked with companies like Yes Bank, HDFC Bank, Standard Chartered Bank, Wipro InfoTech and Colgate Palmolive. 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. Shares of CSB Bank fell 1.26% to Rs 384.05 on the BSE.
Business Standard
13-06-2025
- Business
- Business Standard
Nifty trades below 24,750 mark; FMCG shares decline
The key domestic indices traded in negative terrain with significant losses in early afternoon trade, weighed down by negative global sentiment after Israel declared a state of emergency following strikes on Iranian nuclear and strategic sites. Market participants moved toward safe-haven assets, while investors closely tracked trends in Brent crude oil prices. The Nifty traded below the 24,750 mark. FMCG shares declined for the third consecutive trading session. At 12:25 IST, the barometer index, the S&P BSE Sensex, declined 567.79 points or 0.69% to 81,118.36. The Nifty 50 index fell 178.70 points or 0.72% to 24,710.80. The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index slipped 0.51% and the S&P BSE Small-Cap index dropped 0.46%. The market breadth was weak. On the BSE, 1,270 shares rose and 2,548 shares fell. A total of 155 shares were unchanged. MCX Gold futures for 5 August 2025 settlement jumped 1.57% to Rs 99,949. In the commodities, Brent crude for August 2025 settlement jumped $4.20 or 6.06% to $73.56 a barrel amid heightened geopolitical tensions Economy: India's Consumer Price Index (CPI)-based inflation eased to 2.82% in May 2025, down 34 basis points from April's 3.16%, marking the lowest reading since February 2019. A key driver of the decline was food inflation, which dropped to 0.99%, the lowest since October 2021, significantly below both April's 1.78%. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, up 7.13% to 15.02. The Nifty 26 Jun 2025 futures were trading at 24,744.80, at a premium of 34 points as compared with the spot at 24,710.80. The Nifty option chain for the 26 June 2025 expiry showed a maximum call OI of 61.6 lakh contracts at the 26,000 strike price. Maximum put OI of 50.1 lakh contracts was seen at the 24,000 strike price. Buzzing Index: The Nifty FMCG index fell 1.05% to 54,527.15. The index dropped 2.97% for the three consecutive trading sessions. United Spirits (down 2.26%), United Breweries (down 2.09%), Colgate-Palmolive (India) (down 2.02%), Godrej Consumer Products (down 1.73%), Varun Beverages (down 1.37%), Tata Consumer Products (down 1.35%), Emami (down 1.17%), Dabur India (down 1.16%), Hindustan Unilever (down 0.93%) and ITC (down 0.9%) declined. Stock in Spotlight: TANFAC Industries rallied 4.04% after the company announced that it has has successfully commissioned its 5,000 tonnes per annum (TPA) Solar Grade Dilute Hydrofluoric Acid (DHF) plant. CSB Bank shed 0.87%. The company announced that Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as managing director (MD) & CEO of the bank for a period of three years with effect from 15 September 2025.
Business Standard
13-06-2025
- Business
- Business Standard
Stock Alert: Jubilant Pharmova, Canara Bank, Torrent Power, DCM Shriram, CSB Bank
Securities in F&O Ban: Aditya Birla Fashion & Retail (ABFRL), Birla Soft, Central Depository Services (CDSL), Chambal Fertilisers & Chemicals, Hindustan Copper, Indian Energy Exchange (IEX), Indian Renewable Energy Development Agency (IREDA), RBL Bank and Titagrah Rail Systems shares are banned from F&O trading on 11 June 2025. Stocks to Watch: Jubilant Pharmovas board approved the sale and transfer of its active pharmaceutical ingredients (API) business on a slump sale basis to Jubilant Biosys, a wholly-owned subsidiary. The API business of the company achieved turnover of Rs 609 crore, representing 8.35% of the consolidated turnover for the financial year ended 31st March 2025. Canara Banks board has approved the capital raising plan for the financial year 2025-26 amounting upto Rs 9,500 crore by way of debt instruments (Additional Tier I/Tier II Bonds). Torrent Powers wholly owned subsidiary, Torrent Green Energy has emerged as successful bidder under competitive bidding and has received letter of award from Solar Energy Corporation of India (SECI) on June 11, 2025 for setting up of 300 MW Wind power project under Wind Tranche-XVIII. The estimated investment for the project is Rs 2,650 crore. DCM Shrirams board has approved signing of a definitive agreement to acquire a 100% stake in wholly owned subsidiary, Hindusthan Speciality Chemicals for Rs 375 crore, to enter into Epoxy & Advanced Materials space, as a downstream integration of Epichlorohydrin (ECH). Dixon Technologies (India) has executed a joint venture agreement with Signify to enable formation of a joint venture company in India to carry on the OEM business of lighting products and accessories. The shareholding of the JV Co. will be held in equal proportion (50:50) by the Company and Signify CSB Bank announced that Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as managing director & CEO of the bank for a period of three years with effect from September 15, 2025.
