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CSB Bank share price surges over 14% on higher deposits, advances

The share touched a 52-week high of Rs 372.95 on July 5, 2021 and a 52-week low of Rs 197.05 on December 21, 2020

October 04, 2021 / 12:12 PM IST
 
 
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The share price of CSB Bank, formerly Catholic Syrian Bank Limited, surged more than 14 percent intraday on October 4 after the private lender posted a 9.12 percent jump in its September quarter deposits at Rs 19,061.62 crore against Rs 17,468.44 in the year-ago period.

The bank's gross advance rose 12.09 percent at Rs 14,304.14 crore against Rs 12,761.80 crore in the same quarter in 2020.

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Its advances against gold and gold jewellery gained 10.17 percent at Rs 5441.44 crore. CASA was up 21.04 percent at Rs 6214.11 crore versus Rs 5134.06 crore, YoY.

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At 1151 hours, CSB Bank was quoting at Rs 319.30, up Rs 9.15, or 2.95 percent.

The share touched a 52-week high of Rs 372.95 on July 5, 2021 and a 52-week low of Rs 197.05 on December 21, 2020. It is trading 14.39 percent below its 52-week high and 62.04 percent above its 52-week low.
Moneycontrol News
first published: Oct 4, 2021 12:12 pm

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