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.
Dolat Capital Report
CSB Bank Ltd. reported healthy operating metrics with net interest income and pre provision operating profit growing by 45% and 39% YoY led by net interest margin expansion and controlled opex.
Core pre provision operating profit/assets at 2.8% were at its highest in the last several quarters.
However, asset quality deteriorated with sharp rise in sequential gross non performing assets by 220 basis points to 4.88% with elevated quarterly slippages at 12%.
With over three-fourth of delinquencies from the gold book, CSB Bank's management expects significant recoveries over the next two quarters and maintained its full year credit cost guidance of ~1%.
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