CSB Bank, a private sector lender on Friday posted a 10 per cent rise in net profit at Rs 133 crore in the second quarter ended September 2023 as bad loans decreased.
The Kerala-based bank, in the year-ago period, had posted a net profit of Rs 121 crore.
CSB Bank said in a regulatory filing that total income up to Rs 836 crore from Rs 600 crore in the same period a year ago.
During the quarter, the bank earned interest income of Rs 687 crore as compared to Rs 555 crore in the same period a year ago.
On the asset quality side, the bank witnessed improvement with gross non-performing assets (NPAs) declinedl to 1.27 per cent of gross advances by the end of September 2023 from 1.65 per cent a year ago.
Net NPAs also decreased to 0.33 per cent from 0.57 per cent in the same quarter a year ago.
Currently, the shares of the company trading at 1.34 per cent down at Rs 360 on the BSE.
