Shares of CSB Bank Ltd. advanced the most in a week on reporting a rise in current accounts and savings accounts in fiscal 2023.
The bank recorded a 16% year-on-year rise in CASA at Rs 7,886.2 crore as of March 31, while term deposits increased 24% year-on-year to Rs 16,619.5 crore. The bank's total deposits increased 21% year-on-year to Rs 24,505.8 crore. It recorded a 30% year-on-year rise in gross advances of Rs 20,841.6 crore.
-
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI -
"I Am A Material Man In A Material World': Quantum Advisors' Ajit Dayal On NDTV Profit Ignite
Shares of the lender rose 2.51% to Rs 251.25 apiece, compared to a 0.12% decline in the benchmark NSE Nifty 50. The stock advanced as much as 4.41% intraday, the most since March 28, 2023.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Total traded volume stood at 5.1 times its 30-day average. The relative strength index was 59.
Eight analysts tracking the company maintain a 'buy' rating on the stock, according to Bloomberg data.
The return potential, as calculated by the consensus of analyst estimates, stands at an upside of 29.6% over the next 12 months.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
