Karnataka Bank, CSB Bank, Dhanlaxmi Bank in focus
The three lenders release business updates for the March quarter.
Karnataka Bank
–Loan growth momentum same as Q3
–Deposits at Rs 80,385.2 crore, up 6.3 percent YoY; advances up 9.5 percent at at Rs 57,726 crore
–Strong CASA momentum; CASA up 11.25 percent at at Rs 26,504.1 crore; CASA ratio at 32.97 percent vs 31.5 percent YoY, 31.3 percent QoQ
CSB Bank
–Sharp uptick in loan growth
–Deposits up 5.5 percent at Rs 20,188.3 crore, advances up 9.1 percent at Rs 15,998 crore
–Gold loans at Rs 6,561.8 crore, up 12.8 percent
–Ex-gold loans, loan book at Rs 9436.2 crore, up 6.67 percent
–CASA up 10.3 percent at Rs 6,795.2 crore, CASA ratio at 33.66 percent vs 32.19 percent YoY, 34.57 percent QoQ
CNBC-TV18’s Abhishek Kothari has the details:
