Friday, January 21, 2022

CSB Bank posts 180% jump in net profit at Rs 148 crore

The bank said it managed to contain bad loans in both gold and non-gold assets. Out of the gross NPA of Rs 389 crore, Rs 102 crore is gold loan NPAs which are backed by pledge of gold ornaments. Gross non-performing assets dipped to 2.62 per cent at the end of December against 4.11 per cent a year back. Net NPA was at 1.36 per cent against 2.63 per cent over the same period.

from Banking/Finance-Industry-Economic Times https://ift.tt/33wjozD

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