CSB Bank Q1 profit jumps 27% YoY to Rs 150 crore as provisions decline

CSB Bank reported a 27 percent year-on-year jump in Q1 profit to Rs 150 crore, aided by a 19 percent drop in provisions to Rs 49 crore and 26 percent growth in net interest income to Rs 479 crore. Net interest margin improved to 3.66 percent from 3.54 percent a year earlier, though profit fell 26 percent sequentially from Rs 202 crore in Q4, with the stock declining nearly 7 percent to Rs 344 on the BSE.