Q1 2025 CSB Bank Ltd Earnings Call Transcript
Key Points
- CSB Bank Ltd (BOM:542867) reported a net profit of INR113 crores for Q1 FY25.
- The bank holds a provision buffer of INR182 crores over and above regulatory requirements.
- Deposit growth was 22% year-on-year, significantly higher than the industry growth of around 11%.
- The CASA ratio stands at 24.9%, indicating a healthy proportion of low-cost deposits.
- The capital adequacy ratio is strong at 23.61%, with a Tier 1 ratio of 22.23%.
- Net interest margin (NIM) was 4.36%, impacted by higher cost of funds and regulatory changes.
- The cost of funds has increased, with interest expenses rising by about 15% Q-on-Q.
- Gross NPA ratio was at 1.69%, and net NPA ratio was at 0.68%, indicating some asset quality concerns.
- The bank experienced elevated slippages, particularly in the SME and corporate banking segments.
- Operating expenses have increased due to investments in technology and branch expansion, impacting the cost-to-income ratio.
Ladies and gentlemen, good day, and welcome to CSB Bank's Q1 FY25 earnings conference call hosted by YES Securities. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Shivaji Thapliyal from YES Securities. Thank you, and over to you, sir. And over to you, sir.
Thank you, Yusuf. Good evening, and a warm welcome to all those who have joined the call. The CSB Bank management is represented by Mr. Satish Gundewar, Chief Financial Officer; and Mr. B.K. Divakara, Executive Director. Mr. Pralay Mondal, Chief Executive Officer, could not join the call due to health issues. And as far as we are aware, these issues are not serious in nature. And in his absence, Mr. Gundewar will be leading the call.
We specifically thank the management of CSB Bank for giving YES Securities the opportunity to host their results call. The management will first be making some opening remarks, after which we will through the floor open for questions.
I now
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