CSB Bank Ltd (CSBBANK)
₹365.45
CSB Bank Ltd share Performance
- ₹361₹373.5₹365.45
1.22%
Low
Day's Volatility:3.42%
High
2.20%
- ₹263.1₹422.25₹365.45
28.01%
Low
52 Weeks Volatility:43.55%
High
15.54%
| Returns % | |
| 1 Month Return | -0.96 % |
| 3 Month Return | -1.85 % |
| 1 Year Return | 29.52 % |
| Market Stats | |
| Previous Close | ₹371.20 |
| Open | ₹373.10 |
| Volume | 2.48L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹6,439.79Cr |
Analyst Rating
based on 3 analysts
Based on 3 analysts offering long term price targets for CSB Bank Ltd. An average target of ₹440
Source: S&P Global Market Intelligence
Company Information
In the past, the Bank has taken part in the consolidation of various small to medium-sized banks in Kerala, and eventually attained the status of A Class Scheduled Bank in 1975 when its total deposits exceeded Rs 25 crores. It has built a strong rural base with around 80% of its branches in rural and semi-urban areas. Several investments in the money market, capital market instruments, and in-house equity research were made in the subsequent years. The Bank has also tie-up arrangements with five companies to market their mutual fund products and entered the field of foreign exchange in 1975.
Throughout the years, the Bank has been focussing on increasing its distribution network with the aim of providing banking and financial services to more and more customers. In financial year 2021, 101 new branches and 18 ATMs/CRMs were opened while in financial year 2022, 100 new branches and 144 new ATMs/CRMs were added. To strengthen the business, nine existing branches were merged and 34 ATMs relocated in financial year 202122.
The Bank is presently owned by FIH Mauritius Investments Ltd (FIHM) that holds 86,262,976 share constituting 49.72% of the paid-up capital. The Bank is set to increase its market share with strong strategies in place to ensure success.
Share Price: ₹365.45 per share as on 03 May, 2024 04:01 PM
Market Capitalisation: ₹6,439.79Cr as of today
Listing date: 04 Dec, 2019
Chairperson Name: Bhama Krishnamurthy
| Organisation | CSB Bank Ltd |
| Headquarters | |
| Industry | Banks |
| E-voting on shares | Click here to vote |
Key events for CSB Bank Ltd
CSB Bank Reports Dip in Net Profit - 29 Apr, 2024
CSB Bank reported a 3.1% YoY dip in net profit to ₹152 crore and a net profit of ₹156 crore. The bank's NIM has narrowed to around 5%, but it is expected to remain between 4.5% and 5% next year, leaning closer to 5%. Credit costs for the full year basis are two basis points negative, and the bank hopes that next year also its credit cost should be below 10 basis points.
CSB Bank Reports Decline in Net Profit, Shares Plunge - 26 Apr, 2024
CSB Bank reports a 3% decline in net profit for Q4 due to a rise in bad loans, causing shares to drop by 8%. Gross non-performing assets increase to 1.47%, and provisions for bad loans rose significantly.
CSB Bank to Gradually Reduce Share of Gold Loans in Portfolio - 05 Apr, 2024
CSB Bank plans to reduce the share of gold loans in its portfolio over the next few years. The lender's total advances stood at ₹24,574 crore with 48% being gold loans. Excluding gold loans, the loan book grew 14% to ₹12,757 crore during Q4 FY2023-24. Shares of CSB Bank have gained more than 51% over the last year.
CSB Bank Reports Strong Growth in Advances and Deposits - 02 Apr, 2024
CSB Bank reports a 17.9% YoY growth in gross advances at Rs 24,574 crore for Q4FY24. Total deposits rose 21.27% YoY to Rs 29,719 crore with CASA deposits amounting to Rs 8,084 crore and term deposits aggregating to Rs 21,634 crore.
Fundamentals of CSB Bank Ltd
Insights on CSB Bank Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTFII Holding Up
Foreign Institutions have increased holdings from 4.62% to 4.92% in Mar 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 26.68% to 26.72% in Mar 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, State Bank of India has given 45.5% return, outperforming this stock by 16.0%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 49.72% of holdings in Mar 2024 quarter
- NO EFFECT
Against Peers
In the last 3 years, State Bank of India has given 136.8% return, outperforming this stock by 92.6%
NEGATIVE IMPACTPrice Dip
In the last 7 days, CSBBANK stock has moved down by -3.4%
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 14.43% to 14.24% in Mar 2024 quarter
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 49.72% | 0.00 | |
| Foreign Institutions | 4.92% | 0.00 | |
| Mutual Funds | 14.24% | 0.00 | |
| Retail Investors | 26.72% | 0.00 | |
| Others | 4.38% | 0.00 |
Technicals of CSB Bank Ltd share
News & Events of CSB Bank Ltd
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CSB Bank Ltd (CSBBANK) share price today is ₹365.45
CSB Bank Ltd is listed on NSE
CSB Bank Ltd is listed on BSE
- Today’s highest price of CSB Bank Ltd is ₹373.5.
- Today’s lowest price of CSB Bank Ltd is ₹361.
Today’s traded volume of CSB Bank Ltd(CSBBANK) is 2.48L.
Today’s market capitalisation of CSB Bank Ltd(CSBBANK) is ₹6439.79Cr.
| CSB Bank Ltd(CSBBANK | Price |
|---|---|
52 Week High | ₹422.25 |
52 Week Low | ₹263.1 |
CSB Bank Ltd(CSBBANK) share price is ₹365.45. It is down -13.45% from its 52 Week High price of ₹422.25
CSB Bank Ltd(CSBBANK) share price is ₹365.45. It is up 38.90% from its 52 Week Low price of ₹263.1
| CSB Bank Ltd(CSBBANK | Returns |
|---|---|
1 Day Returns | -5.75% |
1 Month Returns | -0.96% |
3 Month Returns | -1.85% |
1 Year Returns | 29.52% |