BANKS

CSB Bank’s gold loans up 60% in Q3

CSB Bank’s gold loan portfolio leapt 60.36% to touch Rs 5,633.75 cr in the fiscal 3rd quarter ended 31 Dec.

CSB Bank is seeing a boost in its gold loan segment. The Thrissur-based lender’s gold loan portfolio leapt 60.36% to touch Rs 5,633.75 crore in the fiscal third quarter ended 31 December.

Sequentially, this segment grew 14%, from Rs 4,938.98 crore in the second quarter of the current fiscal.

CSB earlier reported that its gold loan portfolio grew by Rs 1,100 crore in the second quarter, an increase of 30% quarter-on-quarter and 47% year-on-year.

CSB Bank’s gross advances rose 22.64% year-on-year to Rs 13,425.24 crore in Q3, the lender said in a regulatory filing. In the previous quarter, gross advances stood at Rs 12,761.80 crore.

Total deposits jumped 16.48% YoY to Rs 17,752.97 crore in the December quarter.