CSB Bank (CSBBANK) Q1 25/26 earnings summary

Executive summary

• Achieved 33% year-over-year growth in balance sheet size, reaching ₹48,580 Cr as of Q1 FY26.

• Gross advances rose 31% year-over-year to ₹32,944 Cr, and deposits increased 20% to ₹35,935 Cr.

• Net profit for Q1 FY26 was ₹119 Cr, up 5% year-over-year.

• Non-interest income surged 42% year-over-year, supporting overall profitability.

• Successfully completed a major technology transformation, including new core banking and digital platforms.

Financial highlights

• Total income for Q1 FY26 was ₹1,286 Cr, up 28% year-over-year.

• Net interest income reached ₹379 Cr, a 5% increase year-over-year.

• Operating profit for Q1 FY26 was ₹220 Cr, up 28% year-over-year.

• Cost-to-income ratio improved to 57.92% in Q1 FY26.

• Return on assets (ROA) at 1.03% and net interest margin (NIM) at 3.54% for Q1 FY26.

Outlook and guidance

• ROA expected to average 1.5% for FY 2026, with a long-term target of 1.5%-1.8% by 2030.

• NIM guidance for the year is 3.5%-4%, with expectations to stabilize near 3.7%.

• ROE target is 15% for the year and long-term.

• Credit cost guidance remains below 50 bps, with GNPA under 2% and NNPA under 1%.

• Pursuing SBS 2030 strategy to become a mid-sized, new-age bank with national presence by 2030.