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CSB Bank Ltd share Price

Company details

6M Return 35.21%
1Y Return 39.32%
Mkt Cap.(Cr) 5,759.74
Volume 385,294
Div Yield 0.00%
OI Chg %
Volume 385,294

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Elevated opex to moderate earnings growth next year…

    CSB Bank is a south based private sector bank with Kerala contributing ~48% of total business. Changed strategy in various aspects of lending has led to transformation and improved performance in the past few years.

    • Gold, SME key lending segments comprising 42%, 14%, respectively, of book
    • Liability franchise is healthy with loyal customer base of ~21 lakh

    Gold loan pick up; lower provision boost earnings

    • NII up 16% YoY and 2.3% QoQ, NIM down 25 bps at 5.2%, up 13 bps YoY
    • C/I at 58% QoQ, overall provisions at ₹1.7 crore boosted PAT at ₹ 114.5 crore
    • GNPA down 2 bps QoQ to 1.79%, NNPA down 8 bps QoQ to 0.60%

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CSB Bank announced Q1FY23 results:

  • Profit after Tax is at Rs 132.23 crore in Q1FY24 as against Rs 114.52 crore in Q1FY23. Net profit increased by 15% YoY basis. We continue to maintain the accelerated provisioning policy during this quarter as well. Return on Assets improved from 1.75% in Q1FY23 to 1.79% in Q1FY24. NIM could be sustained above 5% at 5.40% up by 23 bps YoY.
  • Operating Profit of the bank is at Rs 181.43 crore whereas it was Rs 154.72 crore in Q1FY23 ie, up by 17%.
  • Net Interest Income (NII) earned for Q1FY24 is Rs 364.01 crore with a YoY increase of 17% (Rs 310.69 crore for Q1FY23)
  • Non-Interest Income for Q1FY24 is at Rs 121.55 crore as against Rs 54.85 crore for Q1FY23 up by 122%. While Treasury income grew by 23%, other income excluding treasury income increased by Rs 64.40 crores or by 143% on a YoY basis.
  • Cost Income Ratio is at 62.63% as at the end of Q1FY24; where as it was 57.67% as on 30.06.2022. The increase is mainly on account of significant investments made on people, distribution, systems & processes in the build phase aimed at croreeating a strong foundation for the scale that we aspire to achieve for as part of SBS 2030
  • Healthy Asset Quality & Provisioning Compared to 30.06.22, we have lower GNPA and NNPA ratios of 1.27% and 0.32% as at the end of Q1FY24; with an improvement of 52 bps and 28 bps respectively.
  • Robust Capital Structure - Capital Adequacy Ratio is at 25.99%, which is well above the regulatory requirement; with an improvement of 53 bps as on 30.06.23
  • Total Deposits grew by 21% YoY. Correspondingly, CASA book grew by 6% from Rs 7,121.88 crores to Rs 7,548.08 crores YoY. The CASA ratio stood at 30.84% as on 30.06.2023
  • Advances (Net) grew by 31% YoY to Rs 21,103.55 crore as on 30.06.2023 supported by a robust growth of 42% in gold loans on YoY basis. Gold loan portfolio croreossed the Rs 10,000 crore mark.

Speaking about the performance Pralay Mondal, Managing Director & CEO said, “On a YoY basis, we could register a net profit of Rs 132 crore; up by 15% YoY backed by a 31% net loan book growth and 21% deposit growth. Our NII registered a robust growth of 17% and Non-interest income by a whopping 122%. Despite the increased costs on account of higher investments made on people, distribution, systems etc, the operating profit recorded a growth of 17% supported by growth in NII and other income. Key indicators like NIM, croreAR, RoA, NPA ratios etc. continue to be strong.

Currently we are in the build phase; which is the most croreucial level of SBS 2030 journey. As we are building for scale, we strive to deliver an all-round performance by keeping our business priorities intact. The basic infrastructure like the verticals, leadership, products, policies etc are in place and now the major focus is on the tech front. On the distribution front, as in the previous years, we plan to open another 100 branches this FY as well. Our efforts will be centered on building a future ready franchise by keeping customer centricity at the core of all our initiatives. We will constantly work on meeting the stakeholder expectations by achieving the milestones set under SBS vision."



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Investment recommendation
Elevated opex to moderate earnings growth next year…
Call Date
08 May 2023
Entry Price 279.00
Target Price 330.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax



Equity Capital: 3,203.63 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,117.66 -3,609.01
LAST 3M 37,244.98 8,192.34
LAST 6M 47,342.46 155,367.92
LAST 12M 134,407.88 155,858.29

CSB Bank Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • CSB Bank Limited is an Indian private-sector bank. It operates in four segments—treasury, wholesale banking, retail banking, and other banking operations. The products or services offered by CSB Bank Limited include savings accounts, current accounts, fixed deposits, gold loans, home loans, and car loans, among others. The bank was established in 1920 as The Catholic Syrian Bank Limited, and its market capitalisation, as of 20 October 2022, is Rs 4,227 crore. The headquarter of the company is in Thrissur, Kerela.

    The company floated its IPO in 2019 to raise Rs 409.67 crore for expanding its operations. Subsequently, it got listed on the National Stock Exchange (NSE) under the code CSBBANK as well as the Bombay Stock Exchange (BSE) under the code 542867.

    As of 20 October 2022, the bank has more than 1.5 million active customers and more than 3,204 employees with 609 branches and 468 ATMs across 18 states and two union territories. The bank has tie-ups with Edelweiss Tokio and ICICI Lombard to provide insurance solutions to its customers. For the quarter that ended June 2022, the company reported a consolidated income of Rs 535.93 crore with a net profit of Rs 114.52 crore.

    In September 2022, the shareholding pattern of the company indicated that a 49.72% stake in the company was owned by promoters, a 36.75% stake was held by retail investors, a 6.94% stake was invested in mutual funds, a 5.16% stake was owned by foreign institutional investors or FIIs, and the remaining 1.43% stake was owned by domestic institutions. The company’s management team includes Mr Bhama Krishnamurthy (independent director), Mr Sumit Maheshwari (non-executive and non-independent director), Mr Sijo Varghese (company secretary and compliance officer), Mrs Sharmilla Abhay Karve (independent director), and Mr Sudhin Choksey (independent director), among others.

    On 20 October 2022, CSB Bank Limited’s share price was Rs 250.05 at the NSE and Rs 250.25 at the BSE after the market closing. The 52-week high price and 52-week low price for CSB Bank Limited shares were Rs 336.85 and Rs 178.00, respectively. The top peers of the company include the State Bank of India, Kotak Mahindra Bank, ICICI Bank, Canara Bank, and HDFC Bank.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

P B No 502 CSB Bhavan, St Marys College Road, Thrissur, Kerala, 680020

Tel : 91-487-2333020/2338764
Email : investors:csb.co.in
Website : http://www.csb.co.in

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AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 542867
Book Closure Date (Month) :
BSE Group : A
ISIN : INE679A01013

FAQ’s on CSB Bank Ltd Shares

You can buy CSB Bank Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy CSB Bank Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Sep 22, 2023 09:54 AM the closing price of CSB Bank Ltd was ₹ 332.00.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 22, 2023 09:54 AM, the market cap of CSB Bank Ltd stood at ₹ 5,759.74.

The latest PE ratio of CSB Bank Ltd as of Sep 22, 2023 09:54 AM is 9.85

The latest PB ratio of CSB Bank Ltd as of Sep 22, 2023 09:54 AM is 0.55

The 52-week high of CSB Bank Ltd is ₹ 345.00 while the 52-week low is ₹ 213.30

According to analyst recommendations, CSB Bank Ltd has a “Buy” rating for the long term.

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