Home / Business and Economy / CSB Bank Deposits Surge 26% Amid Strategic Loan Mix Shift
CSB Bank Deposits Surge 26% Amid Strategic Loan Mix Shift
2 Jul
Summary
- Total deposits grew 26% to ₹45,415 crore by June 30, 2026.
- Advances against gold and jewelry increased 47% year-on-year.
- Bank aims to reduce gold loan dependence to below 30% by 2030.
As of June 30, 2026, CSB Bank Ltd announced a substantial 26% year-on-year increase in its total deposits, which reached ₹45,415 crore. This growth was primarily driven by a strong performance in term deposits, which rose by 33% year-on-year, alongside moderate expansion in CASA. The bank's gross advances also demonstrated healthy growth, increasing by 24% year-on-year to ₹40,866 crore.
Significantly, advances specifically collateralized by gold and gold jewelry saw a remarkable year-on-year increase of 47%. This financial data is provisional and subject to a limited review by the bank's joint statutory auditors. Despite this growth in gold-backed lending, the bank's leadership has outlined a strategic objective to rebalance its loan mix.
CSB Bank's MD and CEO Pralay Mondal indicated a clear plan to reduce the bank's dependence on gold loans to below 30% by the year 2030. Future growth is anticipated to be driven by expansion in wholesale and retail lending segments, alongside a calibrated recovery in SME lending. This strategic shift is supported by new product launches and the strengthening of the bank's liability franchise.
The bank also reported stable asset quality, with slippages at multi-quarter lows, positioning it to effectively manage risks associated with gold price volatility and broader macroeconomic uncertainties. For the January-March quarter of 2026 (Q4FY26), CSB Bank recorded a 25% year-on-year increase in net interest income to ₹464 crore, though its profit after tax saw a modest 6% rise to ₹202 crore.
