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.

Note: If you want to learn Candlesticks and Chart Trading from Scratch, here’s the best book available on Amazon! Get the book now!

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.