Prem Watsa-backed CSB Bank's profit jumps 14%, but gold loan NPAs spike
Net profit increase to Rs 61 crore in the quarter ended June 2021 from Rs 54 crore a year earlier. Loans grew 23% leading to a 45% growth in net interest income (NII) to Rs 268 crore.
A big, low-cost solution if you have multiple high-cost small loans to settleThe quantum of the gain from replacing the high-cost debt with a new low-cost loan will depend upon how low the interest rate is on the new loan.
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