CSB Bank (CSBBANK) Q4 14/15 earnings summary

Executive summary

• FY 2014-15 operating profit was ₹50.08 crore versus ₹95.34 crore; net loss was ₹53.17 crore versus net profit of ₹26.88 crore.

• Total assets rose to ₹15,762.27 crore from ₹15,315.55 crore; deposits reached ₹14,474.49 crore and net advances ₹9,471.96 crore.

Financial highlights

• Net interest income was ₹355.98 crore versus ₹379.20 crore; non-interest income increased to ₹127.34 crore from ₹117.33 crore.

• Interest earned was ₹1,544.55 crore versus ₹1,503.98 crore; interest expended was ₹1,188.58 crore versus ₹1,124.77 crore.

• Provisions and contingencies were ₹132.24 crore versus ₹54.60 crore; profit before tax was a loss of ₹82.16 crore versus profit of ₹40.74 crore.

Outlook and guidance

• Retail and SME lending are expected to drive portfolio growth; plans include a healthier loan mix, more CASA and NRI deposits, and stronger fee and non-fund income.

• Planned priorities include selective branch expansion, broader secured retail products, targeted cross-selling, and technology-led online and mobile service delivery.