CSB Bank posts 22% growth in advances, deposits rise 18% in Q2 business update

CSB Bank’s September-quarter business update showed continued expansion across both sides of its balance sheet. Deposit mobilisation remained strong, led by term deposits, while advances recorded faster growth. Gold loans were a key driver of credit expansion, with the portfolio crossing ₹22,000 crore. The private lender also reported sequential improvement in deposits, advances and gold-linked lending.