As bad loans decrease, CSB Bank’s profit increases by 10% to Rs. 133 crore.

Kerala-based CSB Bank, reported a 10.4% increase in net profit to Rs 133.17 crore in the second quarter of the 2023–24 fiscal year, up from Rs 120.55 crore in the same period the previous year. The first quarter of the 2023–24 fiscal year saw CSB Bank report aRs 132 crore profit.

The bank’s total income increased by 39% to Rs 835 crore during the reviewed quarter from Rs 600 crore in the second quarter of FY23. From the Rs 805 crore reported in the first quarter of FY23 to the second quarter of FY24, total income increased by 3%.

Compared to Rs 291 crore in the second quarter of FY23, gross non-performing assets (NPA) decreased by 2% to Rs 284 crore in the current fiscal year’s second quarter. The first quarter of FY24 saw a gross non-performing asset (NPA) of Rs 270 crore.