CSB Bank shares hit record high after strong Q3 update, extend gains from issue price

Shares of CSB Bank Ltd. are trading with gains of over 6% on Monday, January 5, in response to the business update for the December quarter that the lender had shared after market hours on Friday.

For the December quarter, CSB Bank's overall loan book grew by 29% from last year to ₹37,208 crore.

Growth was led by the gold loan book, which grew by 46% from last year and 16% from the previous quarter to ₹19,023 crore during the December quarter.

Deposit growth of 21% from last year led by term deposits, while growth in Current Account Savings Account (CASA) deposits remained sluggish at 3.4% from last year.

Eight out of the nine analysts that have coverage on CSB Bank have a "buy" rating on the stock. The other one has a "sell" rating.

Shares of CSB Bank are trading 4.9% higher at ₹507. The stock made a record high of ₹519.9 in intraday trading on Monday.

With this move, shares of CSB Bank are now up over 2.6 times from their issue price of ₹191. The stock had gained 47% in 2025, after a 25% drop in 2024.