Q3 2026 CSB Bank Ltd Earnings Call Transcript
Key Points
- CSB Bank Ltd (BOM:542867) reported a 32% year-on-year growth in operating profit for Q3 FY26, reaching INR292 crores.
- Net Interest Income (NII) grew by 21% year-on-year, amounting to INR453 crores.
- The bank's deposit growth outpaced the industry average, registering a robust 21% year-on-year increase.
- Advances grew by 29% year-on-year, significantly higher than the industry average.
- The bank maintained a strong capital position with a Tier one ratio of 17.66% as of December 31, 2025.
- Net profit for the quarter was flat at INR153 crores compared to the same quarter last year.
- There was a slight deterioration in asset quality, with GNPA and NNPA ratios slightly elevated at 1.96% and 0.67%, respectively.
- The cost-to-income ratio remained high at around 60%, despite being lower than previous periods.
- The bank faced challenges with slippages, particularly in the SME sector, contributing to higher credit costs.
- The proportion of bulk deposits remained high at 46-47%, which could impact cost of funds if interest rates rise.
Ladies and gentlemen, good day, and welcome to CSB Bank's Q3 FY26 earnings conference call hosted by YES Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Shivaji Thapliyal from YES Securities. Thank you, and over to you, Mr. Shivaji.
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Thank you, Ikra. Good evening, and a warm welcome to all those who have joined the call. The CSB Bank management is represented by Mr. Pralay Mondal, Managing Director and CEO; Mr. B.K. Divakara, Executive Director; and Mr. Satish Gundewar, Chief Financial Officer. We specifically thank the management of CSB Bank for giving YES Securities the opportunity to host their results call. The management will first be making some opening remarks, after which, we will throw the floor open for questions. I now invite the management to make their opening remarks. Pralay, over to you.
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