CSB Bank (CSBBANK) Q3 25/26 earnings summary

Executive summary

• Operating profit grew 32% year-over-year to INR 292 crore, with net profit flat at INR 153 crore for Q3 FY26.

• Gross advances grew 29% YoY to ₹37,161 crore; deposits rose 21% YoY to ₹40,460 crore, both outpacing industry averages.

• Gold loan and wholesale banking verticals drove advances growth, each exceeding 40% YoY; gold loans comprised 51% of gross advances.

• Asset quality saw a slight deterioration, with GNPA at 1.96% and NNPA at 0.67%, but both within guidance.

• Balance sheet size reached ₹53,508 crore, up 24% year-over-year for Q3 FY26.

Financial highlights

• Net Interest Income (NII) rose 21% YoY to INR 453 crore; other income up 26% YoY, constituting 19% of total income.

• Operating profit for Q3 FY26 was ₹292 crore, a 32% increase year-over-year.

• Cost-to-Income Ratio improved to around 60%, lower both sequentially and YoY.

• NIM for the quarter was 3.86%, the highest for the fiscal year.

• ROA for the quarter was 1.22%; ROE at 13.38%.

Outlook and guidance

• Asset growth expected at 25%+ and deposit growth at 20%+ for FY 2027.

• ROA target around 1.5% and ROE around 15% for FY 2027, with management aiming to cross these levels.

• Cost-to-income ratio expected to remain elevated (~60%) for another year, then decline sharply from FY 2028.

• NIM expected to remain in the 3.7–3.9% range.

• Long-term vision to become a mid-sized, new-age bank with national presence by 2030, driven by the SBS 2030 strategy.