BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
CSB Bank released its quarterly business update highlighting the Q3 FY22 trends. Overall, the bank reported modest business trends on both the loan and deposit fronts. The key updates are provided below:
Gross advances rose 3.8% QoQ (~up 12% YoY) to Rs 148 billion, lower than some of its peers such as Federal Bank Ltd. (up 4.6% QoQ), due to a muted ~2% QoQ growth (2% YoY decline) in its gold loan book. Growth in gross advances, excluding gold loans, was strong at 5% QoQ/21.3% YoY. The share of gold loans in the total mix declined ~72 basis points QoQ to 37.4%.
CSB Bank's deposits grew 7.3% YoY (flat QoQ) to Rs 191 billion driven by strong traction in current accounts and savings account deposits, which rose 6% QoQ (up 22% YoY) while term deposits declined 3% QoQ (flat YoY). Consequently, CASA ratio improved ~200 bps QoQ to ~34.6%.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR