Interim report
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CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India. Tel: +91 487–2333020 | Fax: +91 487–2338764 | Website: www.csb.bank.in | Email: secretarial@csb.bank.in |CIN: L65191KL1920PLC000175 SEC/024/2026 January 28, 2026 BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001. Scrip code: 542867 National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Bandra-Kurla Complex, Bandra (E), Mumbai 400051. Symbol: CSBBANK Dear Sir/Madam, Outcome of the Board Meeting dated January 28, 2026 - Submission of Unaudited Financial Results and Limited Review Report thereon, for the quarter ended December 31, 2025 ---------------------------------------------------------------------------------------------------------------------------------------- Pursuant to Regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of our letter no. SEC/ 305/2025 dated December 29, 2025, we wish to inform you that further to the review by the Audit Committee of the Board, the Board of Directors of the Bank in their meeting held on Wednesday , January 28, 2026 , considered and approved the Unaudited Financial Results of the Bank for the quarter ended December 31, 2025, along with the Limited Review Report thereon issued by the Joint Statutor y Auditors of the Bank, viz. Walker Chandiok & Co. LLP, Chartered Accountants and Sundaram & Srinivasan, Chartered Accountants. A copy of the aforesaid Unaudited Financial Results and Limited Review Report thereon issued b y the Joint Statutory Auditors of the Bank are enclosed herewith. The Board Meeting commenced at 12.40 p.m. (IST) today and consideration of the item on approval of the Unaudited Financial Results, as stated above, concluded at 01:30 p.m. (IST). The proceedings of the Board Meeting are in progress at the time of filing of this disclosure. This intimation shall also be made available on the Bank’s website at www.csb.bank.in. Kindly take the same on records. Thanking You, Yours faithfully, Sijo Varghese Company Secretary Encl: As above.
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Walker Chandiok & Co LLP Chartered Accountants 16th Floor, Tower lll One lnternational Center S B Marg, Prabhadevi(W) Mumbai - 400 013 Maharashtra, lndia Sundaram and Srinivasan Chartered Accountants 23, C.P. Ramasamy Road Alwarpet Chennai - 600 018 TamilNadu, lndia lndependent Auditor's Review Report on Unaudited Quarterly Financial Results and Year to Date Results of CSB Bank Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of GSB Bank Limited 1. We have reviewed the accompanying statement of unaudited financial results ('the Statement') of GSB Bank Limited ('the Bank') for the quarter ended 31 December 2025 and the year to date results for the period 01 April 2025 to 31 December 2025, being submitted by the Bank pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) ('Listing Regulations'), except for the disclosures relating to Pillar 3 disclosure as at 31 December 2025, including leverage ratio, liquidity coverage ratio and net stability funding ratio under Basel lll Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. 2. The Statement, which is the responsibility of the Bank's management and approved by the Bank's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Accounting Standard 25, lnterim Financial Reporting ('AS 25'), prescribed undersection 133 of the Companies Act,2013 ('the Act'), the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of lndia ('the RBI') from time to time, applicable to banks ('the RBI guidelines'), and other accounting principles generally accepted in lndia, and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, Review of lnterim Financial lnformation Performed by the lndependent Auditor of the Entity, issued by the lnstitute of Chartered Accountants of lndia. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing specified under section 143(10) of the Act, and consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion 600 018. l.lew No:4' OtO ttA2), sP$,Ead, Clrennai l'! **4,
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Walker Chandiok & Co LLP Chartered Accountants 16th Floor, Tower lll One lnternational Center S B Marg, Prabhadevi(W) Mumbai .400 013 Maharashtra, lndia For Walker Chandiok & Co LLP Chartered Accountants Firm Registration No:001 076NiN50001 3 Sundaram and Srinivasan Chartered Accountants 23,C.P. Ramasamy Road Alwarpet Chennai - 600 018 Tamil Nadu, lndia 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in AS 25 prescribed under section 133 of the Act, the RBI guidelines, and other accounting principles generally accepted in lndia, has not disclosed the information required to be disclosed in accordance with the requirements of Regulation 33 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement, or that it has not been prepared in accordance with the relevant prudential norms issued by the RBI in respect of income recognition, asset classification, provisioning and other related matters, except for the disclosures relating to Pillar 3 disclosure as at 31 December 2025, including leverage ratio, liquidity coverage ratio and net stability funding ratio under Basel lll Capital Regulations as have been disclosed on the Bank's website and in respect of which a link has been provided in the Statement and have not been reviewed by us. Partner Membership No;'105782 UDIN:261 05782KNOHSA9837 Place: Mumbai Date: 28 January2026 For Sundaram & Srinivasan Chartered Accountants Firm Registration 7S Membership No:217914 UDIN :2621 791 4XDOQUV8856 Place: Mumbai Date: 28 January 2026 MUMEAI *. ggg trl B. ldevl No:4' Olrl No:23' CPR itoad, Ciieiitrai 2
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CSB Bank Limited Regd. Ofllce: 'CSB Bhavan', Post Box No. 50?, St. l4ary's College Road, Thrlssur- 680020, Kerala, lndia. Teli+91 487-2333020 | Fax: +91 487-2338764 | Website: w.csb-bank.ln I Email: secreiarial@csb.bank.in Corporate ldentity Number: 1651 91 KL1 920P1C0001 75 UNAUDITED FINANCIAL RESULTS FOR THE OUARTER AND NINE MONTHS ENDED DECEMBER 31, 2025 #Net wotlh consist of paid up equity capilal and resoves oxcluding revaluatlon reseve less lntangible assets and detemd tax ass6L @ Equity includes paid up capital and reseNes. s Debt and lotal debts reNesents total boftowings of the Bank tn ParliculaB Nins mon s ended Yoar gndod 31-12.2024 30.09-2025 31.122024 31,12,2025 11.12.2024 31.03.2025 Unaudlt6d llneudlled llnrudlled Unaildllad tlnrildltad Audltod 1. lnterest eam€d (a) + (b) + (c) + (d) 1,15,423 1,10,916 91,938 3,30,433 2,61,625 3,59,714 (a) lnterest/ discount on advanc€s / bills 95,204 91,437 75,572 2,71,15',1 2,14,313 2,93,064 (b) lncome on investments '18,738 18,697 15,791 56,172 43,884 62,173 (c) lnterest on balances with RBI and other inier bank funds 1,065 493 469 2,280 1,305 1,986 [d) Others 416 289 106 830 2,123 2,491 2. Other income 27,648 34,920 21,937 87,039 59,059 97,206 3. Total lncome (l+2) 1,13,071 1,45,836 1,13,875 4,17,472 3,20,68/t 4,56,920 4. lnterest exp€nded 70,104 68,560 54,393 2,04,417 1,51,135 2,12,097 5. Operating expenses (i) + (ii) 43,756 49,346 37,4't7 1,33,483 '1,10,200 1,53,799 (i) Employ€es cost (Refer Note 1 1) 23,181 22,8't4 '| 9,613 68,100 55,791 75,425 (ii) Olher operating expenses 20,575 26,532 17,804 65,383 54,409 78,374 6. Total Expondlture (4+5) (excludinq provisions and continqencies) 1,13,860 1,'r 7,906 91,810 3,38,300 2,61,335 3,65,896 7. Oporatlng Proflt before Provlslons and Conllngencies (3..6) 29,211 27,930 22,065 79,172 59,349 91,024 3. Provlsjons (oth6r than tax) and Contingencies 8,677 6,365 1,653 21,121 5,050 11,O71 9. Exceptional itoms 10. Proflt trom Ordlnary Actlvlties before Til (7{.9) 20,534 21,555 20,412 58,051 54,299 79,953 1 1. Tax expense 5 267 5 53? 20.573 12. Net Profit from Ordinary Actlvities aftsr Tax (10-11) 15,267 16,033 15,163 43,160 40,336 59,380 13. Extraordlnary items (n€t oftax expense) '14. Not Profit for tho p€rlod (12-13) 15,267 1 6,033 15,163 43,160 40,336 59,380 '15. Paid-up Equity Share Capital (Facs value - I 10 per oquity share) 17,354 17,354 17,3U 17,354 17,354 17,354 '16. Reserves excluding revaluation reseryes 4,15,036 17. AnaMical Ratios (l) Percentage of shares heh by Govemment of lndia Nil Ni Nit Ni Nit Nit (ii) Capital Adequacy Ratio (Basol-lll) 19.410/o 20.990/. 21.O80/o 19.410/o 2'1.08./" 22.460/0 (iii) Earnings per Share (EPS)' Basic EPS - before and afler extraordlnary items (in i) 8.80 9.24 4.74 24.88 23.25 34.23 Diluted EPS - before and after axtraordinary items (in <) 8.80 9.24 4.74 24.88 23.25 34.23 (iv) NPA Ratios a) Gross NPAS 72,942 62,875 45,8'17 72,942 45,817 49,846 Net NPAs 24,566 't7,846 18,27'l 24,566 't8,27'l 16,353 b) % ofcross NPAS 1.960/0 1.810/0 1.5go/o 1.96% 1.58o/o '1.570/" o/o of Nst NPAS o-670/a 0.520/0 0.64v6 0.670/o 0.640/o o.52% (v) Relum on Assets - Annuallsed 't.18ya 't.300/o 1.45V" 1.'t60/o 139% 1.49% (vi) Networtht 4,58,735 4,45,459 4,03,581 4,58,735 4,03,58'1 4,25,663 (vii) Outstanding Redeemable Preterence Shares (viii) Capital Redemplion Reserye (ix) Oebenture Redemption Reserve lx) Debt Equity Ratior@ 135.260h 92.050/. 104.60% 135.260/. 104.60% 123.31% (xi) Total Oebt to Total Assets$ 12.220/0 8.65% 10 3go/o 12.220/" 10.38% 1't.590/"
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SEGMENT INFORMATION Particulars 31j22025 30.09.2025 31.122024 31.12.2025 31.12.2024 3l Unaudlted Unaudlted Unaudited Unaudlted I reasury I t1 tcA 17.110 56.843 51 442 76 3An I '1.OS.031 74 A6A 1 1) 1A4 E0.6E7 A 'OA 65,655 2,2E,336 11 tA) 1.84.980 9.354 2.52.269 16 1n7 I otal Revenue 1 42 nal 4 56 q20 Less: lnter s6oment revenue I ia nal { 56 q?o I reasury 1 60q 10 0?n Uoroorate/Wholesale Bankino t LtA 13 109 Hetarl Bankino 14 7Bi 51 07, Qther tsanl{no Ooeralions t o1a 3.275 5 ga8 unallo@ted (17 124t\ I reasury 1t AA qqt '13.75 135 Uoroorate/Wholesale Eankino 14 0A q47 11 4L347 Retail ttankinq 20.42.546 22.5t A)7 Olher Bankino Ooerations N AA7 L ItA unailocated 7 A16 6 693 I Otat ql {n 7t7 t7 a3 617 I reasury a 2i 1at 4.20.342 2 53 655 377 1)A Uoroorate/W holesale Bankind 2t a1 1la 22.31 't17 16 04 421 15 7C 53A Hetarl Lrankin0 2t 1q nA 20.24 9rl0 2377 lRA Uther Banl(ino ODerations unallocated 7tl 741 219 I OIat LA 67 a6A 43-33-8il I reasury I 98 007 uoroorate/wholesale Banklno 14 35 1C1l Hetarl tsanKnq a a1 R70 (1.24 3F.1\ Utner tsankrno Ooerations A AA7 4 6)5 unallocated 6 AAd 6.884 6.444 I OIat A A1 1'1 4.83.523 L.27 6AD a L9 77" 1. For the above segm€nt reporting, the reportable segmenis are identlfied as Treasury, Corporate/ Wholesale Banking, Rstail Banking and Other Banking Operations in compliance with the RBI Guidelines. The business operations of the Bank are substantially concentrated in lndia and for the purpose of Segment Reporting as por Accounting Standard-17, the Bank is consid€red to operate only in domestic segment, 2. As per RBI Circular DOR.AUT.REC.1 2/22.01.00112022-23 dated April 07, 2022 on establishment of Digital Banking Unit (DBU), for the purpose of disclosure under Accounting Standard 17 - Segment Reporting', 'Digital Banking' has to be identitied as a sub-segment under Retail Banking. Since, the Bank has not established DBU, Digital Banking has not been disclosed as a sub-segment under Retail Banking. *4^ e ofJ 0i B.
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3 The above unaudiled financial results for the quarier and nine monlhs €nded December 31,2025, have been reviewed by the Audit committee of the Board and thereafter approved by the Board of Directors of the Bank in their respective meeting held on January 28, 2026. These results have been subjected to limited review by the joint statutory auditors ofthe Bank, viz. Walker Chandiok & Co LLP and Sundaram & Srinivasan, Chartered Accountanls and an unmodified review report has been issued. 4 These fnancial results hav€ been prepared in accordance with the recognition and measurement principles laid doM in Accountinq Slandards prescribed under Section 133 of ihc companres Act, 2013 read with Companies (Accounting Standards) Rules, 2021, the relevant provisions ofthe Banking Regulation Act, 1949, lhe circulars, guidelines and the presentation and disclosure requirements of the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended lncluding lollowed in the annual flnanclal statements for the year ended March 31,2025. of lhird.party products, profit on sale of investments (net), income from sale of PSLC etc. 6 The Capilal Adequacy Ratio is computed on the basis of RBI guidelines applicable on the rehvant reporting dates and the ratio for the corresponding previous period is not adjusted to consider the impact of subsequent changes if any, in the guidelines. 7 The Bank follow the trust rout€ for administering 'CSB Employee Stock Option Scheme, 20 l9'. During the quarter ended December 31 , 2025, the Bank has nol issued any equity shares to'CSB ESOS Trust'. However, option grantees exercisod 81,155 options during the quarterended December31,2O25. 8 Disclosure related to Prcject Finance for the quarter ended December 31 ,2025, as per the Reserye Bank of lndia (Commercial Banks - Financial Statements: presentation and Disclosures) Directions, 2025 dated Novembet 28,2025, is given below; Sl. No It€m Descrlptlon Number of accounls Total outstanding 1 Prcjects under implementation accounts at the beginning oflhe quarter. 7 '17,519 2 Prcjects under implementation accounts sanctioned during the quarter. 1 3,288 3 Projecls under implementation accounts where DCCO has been achieved/closed during the quarier 2 4,142 4 Prcjects under implementation accounts at lhe end ol the quarter. (1 +2-3)* 6 17,955 5 Out of'4'- accounts in respect ofwhich resolution process involving extension in originaUextended DCCO, as the case may be, has been invoked. 4 12,655 Out of'5'- accounts in respect ofwhich Resolution plan has been implemented. 4 12,655 Out of'5'- accounts in respect ofwhich Resolution plan is under implementation 4 12,655 5.3 Out of'5'- accounts in respect ofwhich Resolution plan has failed. 6 Out of'5' accounts in respect ofwhich resolution process involving extension in originaUextended DCCO, as the case may be, has been invoked due lo change in scope and size ol the prcject. 7 Out of'5', account in respect ofwhich cost overrun associated with extension jn orjginauextended DCCO, as the case may be, {as tunded 7.1 Cut of'7', accounts where SBCF was sanctioned during financial closure and renewed continuously Out of'7', accounts where SBCF was not pre-sanctioned or tenewed continuously 8 Out of'4'- accounts in respect ofwhich resolution process not involving extension in original/extended DCCO, as the case may be, has been invoked. 8.1 Out of'8'- accounts in respect ofwhich Resolution plan has been implemented. - accounts in respect of which Resolution plan is under implementation, 8.3 Out of '8' - accounts in respect of which Resolution plan has failed. respect accounls 9 Details of loans transferred / acquired during the quarter ended December 3 1 , 2025 as per the Resere Bank of lndia (Commercial Banks - Financial Statements: presentation and Disclosures) Directions, 2025 dated November 28, 2025, are given below: (i) The Bank has not transfened / acqujred any loans not in default through assignment of loans. (ii) The Bank has not transferred / acquired any stressed loans (Ngn-performing asset or special menlion account). (iii) Details of ratings of Security Receipts (SR) outstanding as on December 31, 2025 are given below: (t in Lakhs) Rating Rating Agency Recovery Ratlng Carryin Unrated NA Total 11 OnNovember2l,2025,theGovernmentoflndianotilledfourLabourCodes-theCodeonWages,2Olg,thelndustrialRelationsCode,2020,theCodeonSocialSecurity,2020, Labour & Employment has published draft Central Rules and FAQS on December 30, 2025, lo facilitate assessment of the financial impact arising from these regulatory changes. Accordingly, the Bank has recognised an estimated incremental impact of { 522 Lakhs under'Employ€es cosl in the Profit and Loss Account du;ing the quarter and nine months ended December 31, 2025, considering best information available. The Bank continues to monitor the finalisation of Central and State Rules and clarf€lions from the Govemment on the New Labour Codes and would provide appropriate accounting effect on the basis ofsuch developments, as needed. have not been subjected to audiureview by the Joint Statutory Auditors of the Bank. '13 Previous p€riod's figures have been r€grouped / reclassilied, where necessary to confom to curent period's classification. Board Place: Mumbai i/ondal Dalei January 28,2026 Managing Director & CEO DIN;00117994 e.ank O * a f rnb a\ ! tt