CSB Bank Q3 results show asset quality decline
CSB Bank reported a decline in asset quality with gross NPAs rising to 1.96% from 1.81%. The stock dropped 18% as provisions increased to ₹86.77 crore, reflecting heightened credit costs and impacting market confidence.
after close1 source ↓written by the desknot a recommendation
- following its Q3
- 18%
- NPAs rose
- 1.96%
- 1.81%
- NPAs increased
- 0.67%
- 0.52%
Shares of CSB Bank Ltd. fell 18% following its Q3 results, revealing a deterioration in asset quality. Gross NPAs rose to 1.96% from 1.81%, while net NPAs increased to 0.67% from 0.52%. Provisions also surged to ₹86.77 cr from ₹63.65 cr, impacting investor sentiment.
Not investment advice. For informational purposes only.