CSB Bank has recently reported FY26 profit growth of 6.6%

CSB Bank has recently reported FY26 profit growth of 6.6% to ₹633 crore, received RBI approval for ICICI Prudential AMC to acquire up to 9.95% stake, and revised its FD rates for senior citizens (up to 7.35%). The bank is now entering its ‘Scale’ phase under the SBS 2030 strategy, focusing on expansion and technology investments. 📊 Financial Performance (FY26) Net Profit: ₹633 crore (+6.57% YoY) Total Income: ₹5,682 crore (+24% YoY) Net Interest Income (NII): ₹1,720 crore (+16.5% YoY) Deposits: ₹44,246 crore (+20% YoY) Advances: ₹40,359 crore (+27% YoY, gold loans 53% of portfolio) Net Interest Margin (NIM): 3.76% Gross NPA: 1.66% | Net NPA: 0.40% Capital Adequacy Ratio (CRAR): 20.66% (well above industry average) 🏦 Regulatory & Governance Updates RBI Approval: ICICI Prudential AMC allowed to acquire up to 9.95% stake in CSB Bank. Board Change: Sumit Maheshwari stepped down as Non-Executive Director after completing 8 years. Auditors: M.P. Chitale & Co. appointed as Joint Statutory Auditor (FY27–FY29). ESOS 2026: Employee Stock Option Scheme approved, authorizing up to 2,000,000 options. 💰 FD Rate Revision (Senior Citizens, effective Sept 5, 2026) 12–13 months: 5.25% 13 months: 7.25% 13–18 months: 5.75% 18 months: 7.35% (highest rate) 18–30 months: 7.25% 30–120 months: 6.00% 📌 Strategic Outlook Transitioned from ‘Build’ phase to ‘Scale’ phase under SBS 2030 strategy. Focus on branch expansion, technology investments, and CASA growth (currently 20%). Targeting sub-30% gold loan mix by 2030, with wholesale and retail lending expected to drive growth. ⚠️ Risks & Investor Watchpoints Margin pressure due to rising funding costs and competitive deposit mobilization. CASA share decline (20% vs 24% last year) may affect cost of funds. High reliance on gold loans