CSB Bank shares 3% higher on strong deposit growth, healthy gold loan book

Shares of CSB Bank are higher by more than 3% on January 2, after the lender posted strong deposit growth with healthy advances against gold jewellery for the December quarter.

The business update shared by CSB Bank on January 1 showed that the total deposits grew by 22.17% on year to Rs 33,406 crore during Q3FY25, and advances against gold and gold jewellery rose by 36.28% YoY to Rs 13,018 crore.

Gross advances reported by the bank were at Rs 28,914 crore, higher by 26.45% on year. CSB Bank is one of the oldest private sector lenders in India with an existence of over 100 years.

This is being updated.