CSB Bank Loans Rise 22% to 42,373 Crore Rupees in September
Key Facts
CSB Bank’s gross advances rose to 42,373 crore rupees as of September 30, 2026, up 22% year on year from 34,712 crore rupees, according to a filing by the bank to the exchanges. The figures indicate lending growth in the quarter ended September, but do not represent a disclosure of net profit, interest income or asset quality. The bank said the update was preliminary and subject to limited review. A circulating draft had attributed net profit growth to the bank, along with figures for interest income and bad loans, but no filing supporting those figures was found. Loan figures therefore remain the available indicators of the bank’s performance at the end of September.
Gross advances grew faster than the increase recorded at the end of June, when net advances stood at 40,309 crore rupees, up 24% year on year, according to data reported by Business Standard. These measures are not directly comparable: the September filing covers gross advances, while the June figure is for net advances, and the comparison relates to two different dates. June data also showed deposits at 45,415 crore rupees, up 26% year on year. These figures provide context for the balance-sheet size ahead of the end of the next quarter, but do not by themselves show profitability or funding costs. The latest published financial results on the investor relations page reviewed were for the quarter ended June 30, 2026.
Gold and jewellery loans stood out in the details of the September update, rising to 22,301 crore rupees, up 36% year on year from 16,456 crore rupees on September 30, 2025. The figure excludes gold-backed receivables, according to the bank’s definition in the filing. This component grew faster than gross advances, which rose 22%, showing that gold and jewellery loans were a major segment of lending expansion during the period. In June, net interest margin was 3.66%, compared with 3.54% in the corresponding period a year earlier, according to Business Standard data. However, the June margin does not establish a similar trend in the quarter ended September, as the published preliminary data did not include the margin result for that quarter.
The bank posted net profit of 150 crore rupees in the June quarter, up 27% year on year, according to Business Standard. Gross provisions fell 19% year on year to 49 crore rupees in the quarter, a factor distinct from loan growth and insufficient on its own to explain earnings. The latest documented asset-quality figures in the available evidence are for the end of December 2025: gross non-performing assets were 1.96%, compared with 1.81% at the end of September 2025, while net non-performing assets were 0.67%, compared with 0.52%. In the third quarter of fiscal 2026, the bank said net profit was 153 crore rupees, compared with 152 crore rupees in the corresponding period, and that it continued its accelerated provisioning policy. These historical comparisons do not confirm the ratios cited in the draft for the quarter ended September 2026.
In its third-quarter fiscal 2026 data, the bank said net interest margin was 3.86%, its highest quarterly level in that fiscal year, while return on assets was 1.22%. These results provide context for the bank’s performance before the current period, but do not make up for the absence of a financial results announcement for the September quarter. The bank scheduled a call with investors and analysts for October 23, 2026, to discuss the financial results for the quarter and half-year ended September 30. The discussion is expected to provide an opportunity to present details on profitability, provisions and asset quality for the period, alongside an update to the preliminary loan data. Until those details are released, the available evidence does not support confirming the profit figures or bad-loan ratios cited in the draft.