CSB bank: ‘The bank earned a total net profit of Rs 218.40 crore in FY 2021.
42.89 crore net profit to the bank in the March quarter.
The private sector CSB Bank broke all the records of earnings so far in the Corona era. CSB Bank said on Saturday that it had a net profit of Rs 218.40 crore for the financial year ended March 2021, which is the highest ever for it.
CSB Bank said in a regulatory notice, “The bank earned a total net profit of Rs 218.40 crore in FY 2021, while it had earned a net profit of Rs 12.72 crore in FY 2020. Thus there has been an increase of 1,617 per cent in net profit. ”CSB Bank said that it has shown a net profit of Rs 42.89 crore during the last quarter of the last financial year ended in March. In the same quarter of the year 2019-20, it had a loss of 59.70 crores.
Net Income 609.45 Crore
Total income increased to Rs 609.45 crore in the quarter under review, compared to Rs 475.49 crore in the same period a year ago. The bank’s interest income increased by 28 per cent to Rs 497 crore. The full year income also increased to Rs 2,273.11 crore in the financial year 2020-21, which was Rs 1,731.50 crore in the financial year 2019-20. The bank’s interest income increased to Rs 1,872 crore during the year under review, from Rs 1,510 crore in the previous year.
Gross NPA Rs 393 crore
The ratio of the bank’s gross blocked loans was 2.68 per cent of the gross loans as on 31 March 2021; it was 3.54 per cent at the end of March last year. The gross NPAs in the number stood at Rs 393.49 crores as against Rs 409.43 crores a year ago.
The stock gained 18 percent in three months
The stock of CSB bank closed at Rs. 257.60 this week. The 52-week high is Rs 280 and the lowest level is Rs 110.55. 280 rupees is also the all-time high price of its stock. The market cap of the bank is 4468 crores. In the last three months, the share of this bank has gone up by 18 per cent and in one year by 129 per cent.
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