"CSB Bank should be able to grow around 50% faster than the system: MD"

"CSB Bank should be able to grow around 50% faster than the system: MD"

• By Staff Writer

"Pralay Mondal, MD & CEO, CSB Bank, says: “We did not have a very aggressive quarter on the wholesale side. Some of the business got a little postponed to the next quarter and the gold loan has grown by around 23% which is slightly slower than what we generally do because what we did is that gold prices fluctuated and went up significantly. We did not want to ride that wave of gold loan price at this point of time. So, we were a little cautious on the gold loan side as well but still we grew by around 23%.

While your deposits have seen an uptick on a sequential basis, that is not the case with your CD ratio. That has seen a bit of a decline, right?

Pralay Mondal: I think that was a deliberate move because with the kind of liquidity challenges which are there in the system, we consciously wanted to keep a check on the CD ratio because it had gone closer to 87-88%. So, we wanted to bring it down a little bit from a liquidity risk management perspective and that is one of the reasons where we ensure that our deposit growth sustains and we focus on deposits. This trend will continue for a quarter or two more till we have abundant liquidity in the system.