CSB Bank Ltd.

•

csb.bank.inBSE: 542867NSE: CSBBANK

Market Cap₹ 5,389 Cr.

Current Price

High / Low₹ 574 / 306

Stock P/E8.1

Book Value₹ 279

Price to Book1.26

Dividend Yield0.00 %

ROCE11.3 %

ROE14.1 %

Face Value₹ 10

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Retail Banking: 54.6% • Corporate/Wholesale Banking: 26.5% • Treasury: 15.3%

AI Sector View

AI GENERATED

Financial Services

Buy

Financials remain one of the clearest macro beneficiaries. Loan growth was 18.3% (Aug/26) versus deposit growth 14.7% (Aug/26), SCB credit growth was 17.5% YoY (2026-07), UPI transactions rose 22.0% YoY (2026-07), and M3 money supply grew 15.0% YoY (2026-07). Sector flows have also turned meaningfully supportive, with INR 13171 crore net FPI inflow over 3 months to 2026-08-31 after INR -114652 crore in the prior 3 months.

Confidence

84%

View full sector analysis →

PROS

Company has delivered good profit growth of 23.7% CAGR over last 5 years
Comfortable capital adequacy - CAR of 20.7%
Strong return ratios for a lender: 3Y avg ROE 15.4%, ROA 1.5%
Asset quality is healthy - gross NPA of just 1.7%
Strong provisioning - provision coverage ratio of 86.8%
Company has delivered good sales growth of 19.2% CAGR over last 5 years

CONS

A large part of profit comes from other income (138.2% of PBT)
Operating margins have contracted to 24.1% from 30.5%
Though reporting repeated profits, the company pays out little dividend (0.0%)
Growth is decelerating - 3Y profit CAGR (5.0%) trails the 5Y trend (23.7%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Financial ServicesBankBank - Private

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	HDFCBANK	687.25	13.41	1059339.46	2.26	203826.90	1092.64	905753.30	936.66	12.81	35.64
2.	ICICIBANK	1390.10	17.79	997793.42	0.86	16209.74	12.62	52240.85	6.44	16.51	32.39
3.	KOTAKBANK	414.40	20.31	412230.87	0.16	5487.06	23.89	18354.57	6.41	12.05	19.05
4.	AXISBANK	1239.50	13.89	385909.17	0.08	7656.51	22.31	35541.96	9.87	11.04	63.88
5.	IDBI	81.63	9.42	87771.86	0.00	2130.57	5.27	7549.28	7.44	14.76	76.80
6.	FEDERALBNK	344.85	18.21	85260.58	0.35	1297.61	37.06	7861.58	9.94	10.98	66.11
7.	AUBANK	1061.00	43.70	79680.01	0.09	795.95	37.03	5302.74	21.11	14.17	56.24
8.	INDUSINDBK	1002.00	59.04	78069.88	0.15	1037.02	71.68	11309.94	-7.78	4.97	55.07
9.	IDFCFIRSTB	86.00	32.17	74146.70	0.29	1147.82	153.12	11051.09	14.61	5.42	38.45
10.	YESBANK	22.43	18.65	70403.95	0.00	1071.81	32.53	8054.49	5.92	8.04	58.47
11.	RBLBANK	416.80	71.90	64643.15	0.24	2342.30	993.41	38402.40	1015.97	6.49	40.95
12.	CSBBANK	310.65	8.11	5389.34	0.00	1500.40	1165.09	12873.20	1136.69	11.30	60.72

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	683	687	762	795	832	865	919	981	1,041	1,109	1,154	1,201	1,287
Interest Expended	319	344	379	409	470	497	544	610	662	686	701	737	809
Net Interest Income	364	344	383	386	362	367	375	371	379	424	453	464	479
	120	143	125	197	172	199	219	381	245	349	276	306	229
Total Income	0	0	0	0	0	0	0	0	0	0	0	0	1,516
Operating Expenses	302	312	312	355	361	367	374	436	404	493	438	477	457
Operating Profit	181	175	196	228	172	200	221	317	220	279	292	294	251
Provisions & Contingencies	5	-3	-5	22	20	14	17	60	61	64	87	23	49
Profit before Tax	177	178	200	206	152	186	204	257	160	216	205	271	202
Tax %	25.17%	25.17%	25.17%	26.62%	25.66%	25.76%	25.72%	25.77%	25.65%	25.65%	25.65%	25.52%	25.63%
Net Profit	132	133	150	151	113	138	152	190	119	160	153	202	150
EPS	8	8	9	9	7	8	9	11	7	9	9	12	1

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	0	0	2,928	3,597	4,505	—
Interest Expended	1,023	912	908	918	931	885	986	1,451	2,121	2,785	2,932
Net Interest Income	-1,023	-912	-908	-918	-931	-885	-986	1,476	1,476	1,720	—
	281	125	136	222	303	247	316	584	972	1,177	1,161
Total Income	0	0	0	0	0	0	0	3,512	4,569	5,682	1,516
	0	0	0	0	0	0	0	1,281	1,538	1,812	—
Operating Profit	-1,023	-912	-908	-918	-931	-885	-986	780	910	1,085	—
	-15	34	35	20	0	-1	-29	18	111	234	—
Profit before Tax	-9	-149	-300	134	293	614	734	761	800	851	893
Tax %	-0.00%	-0.00%	-0.00%	0.00%	0.00%	0.00%	0.00%	25.56%	25.73%	25.61%	25.61%
Net Profit	2	-97	-197	13	218	458	547	567	594	633	665
EPS	0	0	0	0	13	26	32	33	34	36	—

COMPOUNDED SALES GROWTH

10 Years:: 12%
5 Years:: 19%
3 Years:: 25%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 24%
3 Years:: 5%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 1%
3 Years:: -3%
1 Year:: -16%

RETURN ON EQUITY

10 Years:: 6%
5 Years:: 17%
3 Years:: 15%
Last Year:: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
LIABILITIES	-	-	-	-	-	-	-	-	-	-
Equity Capital	81	81	86	173	173	173	173	173	173	173
	918	808	694	1,787	2,006	2,464	3,012	3,613	4,300	4,688
	14,912	14,691	15,124	15,791	19,140	20,188	24,506	29,719	36,861	44,246
	42	42	0	794	1,426	2,007	783	1,757	5,546	7,154
Other Liabilities & Provisions	271	249	356	319	591	509	670	776	931	1,432
Total Liabilities	16,223	15,870	16,911	18,864	23,337	25,356	29,162	4	47,836	57,727
ASSETS	-	-	-	-	-	-	-	-	-	-
	756	678	725	548	736	1,473	1,470	3,090	3,187	4,017
Balances with Banks & Money at Call	455	537	248	392	978	101	367	65	405	80
	5,762	4,114	4,028	5,360	6,126	7,012	5,849	7,551	11,389	11,955
	8,119	9,337	10,615	11,366	14,438	15,815	20,651	24,336	31,507	39,848
	215	216	218	253	269	288	319	406	450	708
	916	987	1,077	945	790	668	507	608	719	1,117
Total Assets	16,223	15,870	16,911	18,864	23,337	25,356	29,162	4	47,836	57,727

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	395	27	-893	-1,109	1,374	-852	2,211	1,783	-5,256	-314
Cash from Investing	-17	-18	-22	-235	-1,231	131	-724	-1,439	1,904	-790
Cash from Financing	106	-5	674	1,310	632	581	-1,224	974	3,789	1,608
	485	4	-242	-34	775	-140	263	1,318	437	505

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
PER SHARE
EPS (₹)	0.19	-12.04	-22.98	0.73	12.59	26.43	31.55	32.67	34.23	36.50
Book Value (₹)	103.18	90.11	72.45	103.93	116.72	143.22	174.84	208.11	247.86	270.40
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PROFITABILITY
Net Interest Margin %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	4.21%	3.18%	3.08%
ROA %	0.01%	-0.61%	-1.20%	0.07%	1.04%	1.88%	2.01%	1.74%	1.42%	1.20%
ROE %	0.20%	-12.46%	-29.20%	1.05%	11.41%	20.33%	19.84%	17.06%	15.01%	14.08%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	62.15%	62.82%	62.53%
ASSET QUALITY
Gross NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.84%
Net NPA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.66%
Provision Coverage %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	80.46%
Slippage Ratio %	—	—	—	—	—	—	—	—	—	—
BALANCE SHEET & LIQUIDITY
CASA %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	27.20%	24.19%	19.96%
Credit-Deposit Ratio %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.06%	0.15%	0.16%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	24.47%	22.46%	20.66%
GROWTH & VALUATION
Net Profit Growth %	101.04%	-6370.14%	-102.55%	106.45%	1616.35%	109.93%	19.38%	3.56%	4.76%	6.63%
Book Value Growth %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.03%	19.10%	9.09%
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	10.84x	8.83x	9.31x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	1.70x	1.22x	1.26x
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00	40.00
	12.42	12.71	12.80	13.07	15.37	14.23	14.16	12.84	12.63
	18.71	17.59	17.00	16.83	14.57	16.04	15.58	15.16	15.01
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.86	29.71	30.20	30.10	30.06	29.73	30.27	32.00	32.36

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

News Verification

2026-09-09 - The Exchange has sought clarification from CSB Bank Limited with respect to recent news item captioned Fairfax plans IIFL Finance exit to fund IDBI Bank bid. The response from the Company is attached.

2026-09-08

General Updates

2026-09-08 - CSB Bank Limited has informed the Exchange about approval granted by Reserve Bank of India to ICICI Prudential Asset Management Company Limited to acquire aggregate holding of up to 9.95% of the paid-up share capital or voting rights in CSB Bank Limited

2026-09-08

News Verification

2026-09-08 - The Exchange has sought clarification from CSB Bank Limited with respect to recent news item captioned Fairfax plans IIFL Finance exit to fund IDBI Bank bid. The response from the Company is awaited.

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - CSB Bank Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - CSB Bank Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-05

General Updates

2026-09-05 - CSB Bank Limited has informed the Exchange about disclosure of ESG Rating Assigned to the Bank by Crisil ESG Ratings & Analytics Limited

2026-09-02

Change in Director(s)

2026-09-02 - CSB Bank Limited has informed the Exchange regarding Change in Director(s) of the company.

2026-09-02

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-02 - CSB Bank Limited has informed the Exchange about Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-24

Updates

2026-08-24 - CSB Bank Limited has informed the Exchange regarding 'Reconstitution of Committees of the Board'.

News

Recent coverage and analyst commentary for CSBBANK

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CSB Bank Ltd.

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Free 5nance Account

Name

HDFCBANK

687.25

13.41

1059339.46

2.26

203826.90

1092.64

905753.30

936.66

12.81

35.64

ICICIBANK

1390.10

17.79

997793.42

0.86

16209.74

12.62

52240.85

6.44

16.51

32.39

KOTAKBANK

414.40

20.31

412230.87

0.16

5487.06

23.89

18354.57

6.41

12.05

19.05

AXISBANK

1239.50

13.89

385909.17

0.08

7656.51

22.31

35541.96

9.87

11.04

63.88

IDBI

81.63

9.42

87771.86

0.00

2130.57

5.27

7549.28

7.44

14.76

76.80

FEDERALBNK

344.85

18.21

85260.58

0.35

1297.61

37.06

7861.58

9.94

10.98

66.11

AUBANK

1061.00

43.70

79680.01

0.09

795.95

37.03

5302.74

21.11

14.17

56.24

INDUSINDBK

1002.00

59.04

78069.88

0.15

1037.02

71.68

11309.94

-7.78

4.97

55.07

IDFCFIRSTB

86.00

32.17

74146.70

0.29

1147.82

153.12

11051.09

14.61

5.42

38.45

YESBANK

22.43

18.65

70403.95

0.00

1071.81

32.53

8054.49

5.92

8.04

58.47

RBLBANK

416.80

71.90

64643.15

0.24

2342.30

993.41

38402.40

1015.97

6.49

40.95

CSBBANK

310.65

8.11

5389.34

0.00

1500.40

1165.09

12873.20

1136.69

11.30

60.72

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

683

687

762

795

832

865

919

981

1,041

1,109

1,154

1,201

1,287

Interest Expended

319

344

379

409

470

497

544

610

662

686

701

737

809

Net Interest Income

364

344

383

386

362

367

375

371

379

424

453

464

479

120

143

125

197

172

199

219

381

245

349

276

306

229

Total Income

1,516

Operating Expenses

302

312

355

361

367

374

436

404

493

438

477

457

Operating Profit

181

175

196

228

172

200

221

317

220

279

292

294

251

Provisions & Contingencies

-3

-5

Profit before Tax

177

178

200

206

152

186

204

257

160

216

205

271

202

Tax %

25.17%

26.62%

25.66%

25.76%

25.72%

25.77%

25.65%

25.52%

25.63%

Net Profit

132

133

150

151

113

138

152

190

119

160

153

202

150

EPS

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

2,928

3,597

4,505

—

Interest Expended

1,023

912

908

918

931

885

986

1,451

2,121

2,785

2,932

Net Interest Income

-1,023

-912

-908

-918

-931

-885

-986

1,476

1,720

—

281

125

136

222

303

247

316

584

972

1,177

1,161

Total Income

3,512

4,569

5,682

1,516

1,281

1,538

1,812

—

Operating Profit

-1,023

-912

-908

-918

-931

-885

-986

780

910

1,085

—

-15

-1

-29

111

234

—

Profit before Tax

-9

-149

-300

134

293

614

734

761

800

851

893

Tax %

-0.00%

0.00%

25.56%

25.73%

25.61%

Net Profit

-97

-197

218

458

547

567

594

633

665

EPS

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

LIABILITIES

Equity Capital

173

918

808

694

1,787

2,006

2,464

3,012

3,613

4,300

4,688

14,912

14,691

15,124

15,791

19,140

20,188

24,506

29,719

36,861

44,246

794

1,426

2,007

783

1,757

5,546

7,154

Other Liabilities & Provisions

271

249

356

319

591

509

670

776

931

1,432

Total Liabilities

16,223

15,870

16,911

18,864

23,337

25,356

29,162

47,836

57,727

ASSETS

756

678

725

548

736

1,473

1,470

3,090

3,187

4,017

Balances with Banks & Money at Call

455

537

248

392

978

101

367

405

5,762

4,114

4,028

5,360

6,126

7,012

5,849

7,551

11,389

11,955

8,119

9,337

10,615

11,366

14,438

15,815

20,651

24,336

31,507

39,848

215

216

218

253

269

288

319

406

450

708

916

987

1,077

945

790

668

507

608

719

1,117

Total Assets

16,223

15,870

16,911

18,864

23,337

25,356

29,162

47,836

57,727

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

395

-893

-1,109

1,374

-852

2,211

1,783

-5,256

-314

Cash from Investing

-17

-18

-22

-235

-1,231

131

-724

-1,439

1,904

-790

Cash from Financing

106

-5

674

1,310

632

581

-1,224

974

3,789

1,608

485

-242

-34

775

-140

263

1,318

437

505

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

PER SHARE

EPS (₹)

0.19

-12.04

-22.98

0.73

12.59

26.43

31.55

32.67

34.23

36.50

Book Value (₹)

103.18

90.11

72.45

103.93

116.72

143.22

174.84

208.11

247.86

270.40

Dividend per Share (₹)

0.00

PROFITABILITY

Net Interest Margin %

0.00%

4.21%

3.18%

3.08%

ROA %

0.01%

-0.61%

-1.20%

0.07%

1.04%

1.88%

2.01%

1.74%

1.42%

1.20%

ROE %

0.20%

-12.46%

-29.20%

1.05%

11.41%

20.33%

19.84%

17.06%

15.01%

14.08%

0.00%

62.15%

62.82%

62.53%

ASSET QUALITY

Gross NPA %

0.00%

1.84%

Net NPA %

0.00%

0.66%

Provision Coverage %

0.00%

80.46%

Slippage Ratio %

—

BALANCE SHEET & LIQUIDITY

CASA %

0.00%

27.20%

24.19%

19.96%

Credit-Deposit Ratio %

0.00%

0.06%

0.15%

0.16%

0.00%

24.47%

22.46%

20.66%

GROWTH & VALUATION

Net Profit Growth %

101.04%

-6370.14%

-102.55%

106.45%

1616.35%

109.93%

19.38%

3.56%

4.76%

6.63%

Book Value Growth %

0.00%

19.03%

19.10%

9.09%

P/E (x)

0.00x

10.84x

8.83x

9.31x

P/B (x)

0.00x

1.70x

1.22x

1.26x

0.00%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

40.00

12.42

12.71

12.80

13.07

15.37

14.23

14.16

12.84

12.63

18.71

17.59

17.00

16.83

14.57

16.04

15.58

15.16

15.01

Government

0.00

28.86

29.71

30.20

30.10

30.06

29.73

30.27

32.00

32.36

CSB Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

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CSB Bank Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI