CSB Bank Stock Plunges 18% as Asset Quality Worsens, Provisions Soar in Q3

• CSB Bank shares dropped 18% following its Q3 results, driven by deteriorating asset quality and increased provisions.
• Gross NPAs rose to 1.96% from 1.81% sequentially, while Net NPAs increased to 0.67% from 0.52%.
• Absolute Gross NPAs surged by ₹100 crore to ₹729.4 crore; Net NPAs climbed to ₹245.66 crore.
• Provisions for the quarter increased significantly to ₹86.77 crore from ₹63.65 crore.
• Despite a 20.7% NII growth and stable net profit, concerns over asset quality and credit costs impacted investor sentiment.

Why It Matters: CSB Bank's stock fell sharply due to worsening asset quality, rising NPAs, and increased provisions in Q3.