CSB Bank Q1 Results Review - Overall Investment Thesis Remains Intact: Yes Securities

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.CSB Bank Ltd.'s margin declined sequentially but most of the decline was due to change in accounting mandated by the RBI: Net interest margin was at 4.36%, down -68 bps QoQ and -104 bps YoY. An impact of 40 bps was due to change in regulation where penal interest has been moved to the fee income line.The balance impact was due to higher slippages and higher cost of funds. The yield on advances in Q1 was at 11.25%, down by -52 bps QoQ but up 7 bps YoY. The cost of deposits in Q1 was at 5.95%, up by 22 bps QoQ and 95 bps YoY.The management has maintained its NIM guidance of 4.5% to 4.8% for FY25. What management implies was that the impact due to higher slippages would be nullified whereas, the penal interest impact is an optical accounting-driven change..Click on the attachment to read the full report:.Sensex, Nifty End At Record Closing Highs Led By HDFC Bank, Tata Motors: Market Wrap.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

CSB Bank Q1 Results Review - Overall Investment Thesis Remains Intact: Yes Securities

Company's quarterly return on asset has bottomed out and should revert back, says the brokerage.

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CSB Bank Q1 Results Review - Overall Investment Thesis Remains Intact: Yes Securities

Company's quarterly return on asset has bottomed out and should revert back, says the brokerage.

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