New Delhi, Jan 21 (PTI) CSB Bank on Friday reported a nearly three-fold jump in net profits to Rs 148.26 crore for the third quarter ended December 2021.

The Thrissur-based lender had reported a net profit of Rs 53.05 crore for the third quarter of the previous financial year.

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However, total income during the reported quarter declined to Rs 579.81 crore as against Rs 614.06 crore in the same period a year ago.

The bank's asset quality deteriorated as the gross non-performing assets (NPAs) rose to 2.62 per cent of the gross advances as of December 31, 2021, as against 1.77 per cent by the end of the third quarter of the previous fiscal.

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Net NPAs also rose to 1.38 per cent from 0.68 per cent.

The capital adequacy ratio stood at 20.74 per cent at the end of December 31, 2021. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)