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CSB Bank’s gold mortgage portfolio grows 60% in Q3

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The lender had reported a 180% year-on-year improve in its second quarter internet revenue to Rs 68.9 crore on the again of upper curiosity earnings.

The gold mortgage portfolio of CSB Bank elevated by 60.36% year-on-year through the third quarter to the touch Rs 5,633.75 crore, the lender stated in a regulatory submitting. Sequentially, the gold mortgage portfolio grew 14%, from Rs 4,938.98 crore within the second quarter of the present fiscal.

The Thrissur based mostly lender’s gross advances rose 22.64% year-on-year to Rs 13,425.24 crore in Q3, in contrast with Rs 12,761.80 crores in Q2. Total deposits elevated by
16.48% YoY to the touch Rs 17,752.97 crore through the third quarter.

CSB earlier reported that its gold mortgage portfolio grew by Rs 1,100 crore within the second quarter, a rise of 30% quarter-on-quarter and 47% year-on-year. RBI’s rest on LTV norms has helped the financial institution improve its gold mortgage portfolio.

The lender had reported a 180% year-on-year improve in its second quarter internet revenue to Rs 68.9 crore on the again of upper curiosity earnings.

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