CSB Bank shares fall 5.5% as Q1 net profit declines 26% sequentially

CSB Bank shares fell 5.5% after the lender reported a 26% sequential decline in Q1FY27 net profit.

Q1FY27 net profit declined to Rs 49 crore from Rs 23 crore in Q4FY26.

Provisions more than doubled to Rs 49 crore in Q1FY27 from Rs 23 crore in Q4FY26.

The sequential profit drop was attributed to a sharp increase in provisions.