CSB Bank Reports Strong Q2 Growth in Advances, Deposits

CSB Bank said its business grew during the September quarter.

The bank gave more loans than it did during the comparable period.

Its advances grew by 22%.

Customer deposits increased by 18%.

Term deposits were an important part of this growth.

Gold loans helped the bank expand its lending.

The gold-loan portfolio became larger than ₹22,000 crore.

Deposits, advances and gold lending also improved compared with the previous quarter.