CSB Bank Limited Concludes 105th AGM; All Resolutions Passed with Majority
CSB Bank Limited held its 105th AGM on August 21, 2026, where all resolutions were passed. The bank reported FY26 net profit of ₹633 crore and deposits of ₹44,246 crore. Advances grew to ₹39,848 crore. The bank is entering the 'Scale Phase' of its SBS 2030 vision, focusing on growth and customer acquisition.
The AGM is a routine corporate event, but the positive financial results and strategic outlook discussed can have a medium-term impact on investor confidence and the bank's future growth trajectory.
The announcement details the successful conclusion of the AGM with all resolutions passed, and highlights positive financial performance and strategic growth plans, indicating a positive outlook for the company.
CSB Bank Limited held its 105th Annual General Meeting (AGM) on August 21, 2026, commencing at 11:00 a.m. IST via Video Conferencing (VC) and Other Audio Visual Means (OAVM). All businesses as detailed in the AGM Notice dated July 22, 2026, were passed with the requisite majority by the members.
The meeting was chaired by Mr. Biswamohan Mahapatra, Non-Executive Independent Chairperson, with Mr. Pralay Mondal, Managing Director & CEO, also in attendance. The proceedings included speeches from the Chairperson and the MD & CEO, updates on the bank's performance, and discussions on strategic initiatives.
Key resolutions passed included the adoption of Audited Financial Statements for the financial year ended March 31, 2026, the re-appointment of Mr. B.K. Divakara as a Director, and the appointment of Joint Statutory Auditors. Special businesses approved were the remuneration for the Non-Executive Chairman for FY 2026-27, continuation of material related party transactions with FIH Mauritius Investments Ltd and FIH Private Investments Ltd, and the approval of the CSB Bank Employee Stock Option Scheme 2026 (ESOS 2026).
The bank reported strong financial performance for FY 2025-26, with deposits increasing by ₹7,384 crore to ₹44,246 crore, and advances growing by ₹8,341 crore to ₹39,848 crore. Total income increased by over ₹1,112 crore to ₹5,682 crore, with a net profit of ₹633 crore. The Capital Adequacy Ratio remained robust at 20.66%, and asset quality was well-maintained with Gross NPA at 1.66% and Net NPA at 0.40%.
The MD & CEO, Mr. Pralay Mondal, highlighted the bank's entry into the 'Scale Phase' of its 'SBS 2030' vision, focusing on accelerating customer acquisition, strengthening the CASA franchise, reshaping the portfolio mix, and expanding market presence. The bank's commitment to ESG principles and financial inclusion was also emphasized.
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