CSB Bank (CSBBANK) Q2 2027 earnings summary

Executive summary

• Q2 FY27 balance sheet was ₹60,561 crore, up 21% YoY; deposits rose 18% to ₹46,889 crore and gross advances rose 22% to ₹42,383 crore.

• Q2 net profit was ₹182.72 crore, up 14% YoY; NII was ₹510 crore, up 20%, with NIM at 3.81%.

• Asset quality improved YoY, with gross and net NPA ratios at 1.58% and 0.33%, respectively.

Financial highlights

• Q2 interest income was ₹1,339 crore, up 21% YoY; interest expense was ₹829 crore, up 21%, and NII was ₹510 crore, up 20%.

• Total income was ₹1,612.48 crore, up YoY; operating profit was ₹275.76 crore versus ₹279.30 crore, while PAT was ₹182.72 crore versus ₹160.33 crore.

• H1 FY27 NII was ₹989 crore, up 23% YoY; operating profit was ₹527 crore, up 5%, and PAT was ₹332.76 crore, up 19%.

• Q2 core fee income grew 27% YoY, while total fee income fell 20%; treasury recorded a ₹2 crore loss versus a ₹6 crore profit a year earlier.

• Other income was ₹273.51 crore versus ₹349.20 crore YoY; Q2 operating profit rose 10% QoQ.

Outlook and guidance

• SBS 2030 entered its FY27–FY30 Scale phase, targeting a mid-sized, full-service private-sector bank with national presence and broader products, partnerships and customer offerings.

• Balance-sheet growth guidance remains 30%-50% faster than system growth; faster growth is expected from FY28, subject to building the liability franchise.

• FY27 ROA is expected between 1.29% and 1.5%; the FY28 target is 1.5%-1.8%, likely closer to 1.5%. NIM target is 3.75%-3.8%.

• Next-FY priorities include retaining ~3.75% NIM, reducing cost of funds from 6.55% to ~6%, and growing CASA faster than term deposits; gold advances are targeted at ~50% of the book by year-end and 32% by 2030.