NSE: CSBBANK · BSE: 542867
CSB BANK LIMITED
Operates as a private sector bank offering retail, wholesale and treasury banking. Retail Banking is the largest earnings contributor at 57.7% of segment revenue (Rs 1,849.8 crore), followed by Corporate/Wholesale Banking at 23.3% (Rs 748.68 crore), Treasury at 16.1% (Rs 514.82 crore) and Other Banking Operations at 2.9% (Rs 93.54 crore) for the period ended December 2024. The loan book is heavily weighted to gold-backed lending — at Rs 21,906 crore against gross advances of Rs 40,866 crore as of Q1 FY27, growing 47% year-on-year. Deposits totalled Rs 45,415 crore with term deposits at Rs 36,600 crore. Asset quality stayed tight with gross NPAs at 1.75% and net NPAs at 0.39%, supported by a CRAR of 19.96%. Total assets reached Rs 57,726.52 crore at FY26, when net profit was Rs 633.18 crore. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Retail Banking (58%), Corporate/Wholesale Banking (23%), Treasury (16%), Other Banking Operations (3%). Private sector, gold-loan-heavy, branch-led bank scaling under SBS 2030 strategy
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| EBITDA (ex other income) | — | — | — | — | — |
| margin % | — | — | — | — | — |
| Owners' profit | 458 | 547 | 567 | 594 | 633 |
| EPS, as reported (₹) | 26.43 | 31.55 | 32.67 | 34.23 | 36.50 |
| ROE % · ROCE % | — · — | — · — | — · — | — · — | — · — |
| Debt / equity (x) | — | — | — | — | — |
| Cash from operations | (858) | 2,211 | 1,783 | (5,256) | (314) |
| Capex | — | — | — | — | — |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Profit before tax | 186 | 204 | 257 | 160 | 216 | 205 | 271 | 202 |
| Net profit | 138 | 152 | 190 | 119 | 160 | 153 | 202 | 150 |
| EPS (₹) | 7.98 | 8.74 | 10.98 | 6.84 | 9.24 | 8.80 | 11.62 | 8.65 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HDFC BANK LTD | 10,55,451 | 13.3 | — | — | — | — | — | — |
| ICICI BANK LTD. | 9,88,387 | 17.6 | — | — | — | — | — | — |
| KOTAK MAHINDRA BANK LTD | 4,39,694 | 11.5 | — | — | — | — | — | — |
| AXIS BANK LIMITED | 3,78,522 | 13.6 | — | — | — | — | — | — |
| FEDERAL BANK LTD | 85,395 | 18.2 | — | — | — | — | — | — |
| IDBI BANK LIMITED | 83,342 | 8.9 | — | — | — | — | — | — |
| INDUSIND BANK LIMITED | 66,304 | 50.1 | — | — | — | — | — | — |
| IDFC FIRST BANK LIMITED | 63,344 | 28.3 | — | — | — | — | — | — |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 8.1 | 12.3 | 3 of 20 | 90% |
| Profit growth | 26.5 | 29.5 | 11 of 20 | 47% |
| Market cap | 5368 | 41392 | 19 of 20 | 5% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 27 Oct 2026 · CSB Bank meets Persistence Capital in virtual investor meeting | investor communications | low | — | — |
| 24 Oct 2026 · CSB Bank posts higher September quarter and half-year profit | compliance | minimal | — | — |
| 23 Oct 2026 · CSB Bank posts audio recording of October 23 analyst call | investor communications | low | — | — |
| 23 Oct 2026 · Special window for physical share transfers and dematerialisation | compliance | minimal | — | — |
| 23 Oct 2026 · Q2 FY27 profit rises 22% amid strong lending and deposit growth | compliance | minimal | — | — |
| 23 Oct 2026 · CSB Bank Q2 FY27 profit rises 14% year on year; deposits up 18% | investor communications | medium | — | — |
| 23 Oct 2026 · CSB Bank Q2 and H1 FY27 profit rises, bad loan ratios improve | results | high | — | — |
| 23 Oct 2026 · CSB Bank September quarter net profit rises 14 percent; loan quality improves | results | high | — | — |
| 15 Oct 2026 · CSB Bank denies reports of merger talks with IDBI Bank | regulatory legal | medium | — | — |
| 15 Oct 2026 · BSE seeks clarification from CSB Bank on Moneycontrol news item | regulatory legal | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.