CSB Bank Limited

NSEI:CSBBANK Stock Report

Market Cap: ₹55.0b

CSB Bank Management

Management criteria checks 2/4

CSB Bank's CEO is Pralay Mondal, appointed in Apr 2022, has a tenure of 4.33 years. total yearly compensation is ₹39.05M, comprised of 69.5% salary and 30.5% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth ₹15.33M. The average tenure of the management team and the board of directors is 3.2 years and 2.7 years respectively.

Key information

Pralay Mondal

Chief executive officer

₹39.0m

Total compensation

CEO salary percentage69.50%
CEO tenure4.3yrs
CEO ownership0.03%
Management average tenure3.2yrs
Board average tenure2.7yrs

Recent management updates

Analysis Article • Aug 20

We Think The Compensation For CSB Bank Limited's (NSE:CSBBANK) CEO Looks About Right

Key Insights CSB Bank to hold its Annual General Meeting on 26th of August CEO Pralay Mondal's total compensation...

Recent updates

Narrative Update • Jul 27

CSBBANK: Upcoming Board Decisions Will Signal Steady Outlook And Undervalued Upside

Analysts have trimmed their fair value estimate for CSB Bank from ₹440 to ₹393.5, citing updated assumptions on revenue growth, profit margins and the future P/E multiple. What's in the News CSB Bank has scheduled a board meeting on May 11, 2026 to consider and approve the appointment of D Lakshmi Narayanan as Head Operations of the bank.
Analysis Article • Jun 26

Is Now The Time To Put CSB Bank (NSE:CSBBANK) On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Narrative Update • Jun 06

CSBBANK: Upcoming Board Meetings Will Highlight Steady Outlook And Undervalued Upside

Analysts have kept the fair value estimate for CSB Bank steady at ₹440, with a slightly lower discount rate and largely unchanged long term assumptions on revenue growth, profit margin, and future P/E, resulting in only a fine tuning of their price target rationale. What's in the News Board meeting scheduled on May 11, 2026, at 10:30 IST to consider and approve the appointment of Mr. D Lakshmi Narayanan as Head Operations of the bank.
Narrative Update • May 23

CSBBANK: Upcoming Board Meetings Will Spotlight Confident Outlook And Undervalued Upside

Analysts have nudged their price target on CSB Bank slightly higher from ₹436.67 to ₹440.00, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. What's in the News A board meeting is scheduled for May 4, 2026, at 12:40 Indian Standard Time to consider and approve the audited financial results for the quarter and financial year ended March 31, 2026 (Key Developments).
Narrative Update • Apr 20

CSBBANK: Upcoming Results Meeting Will Highlight Stable Assumptions And Undervalued Upside

Analysts are keeping their price target for CSB Bank broadly unchanged at about ₹437. This reflects only minor adjustments to inputs such as the discount rate, long-term revenue growth, profit margin assumptions and the expected future P/E multiple, rather than a change in the overall view.
Narrative Update • Apr 06

CSBBANK: Stable Inputs And Undervalued Pricing Will Support Future Upside

CSB Bank's analyst price target remains steady at ₹436.67, with only minor tweaks to inputs such as discount rate, revenue growth, profit margin and forward P/E as analysts fine tune their valuation framework without changing the headline number for now. Valuation Changes Fair Value: Analyst assessed fair value stays unchanged at ₹436.67 per share.
Narrative Update • Mar 23

CSBBANK: Stable Assumptions And Upcoming Board Review Will Support Future Upside

Analysts have kept the price target for CSB Bank unchanged at ₹436.67. This reflects broadly consistent assumptions on fair value, discount rate, revenue growth, profit margin and future P/E, with only minimal model refinements.
Narrative Update • Mar 07

CSBBANK: Leadership Pay And Board Actions Will Support Future Upside Potential

Analysts have kept their fair value estimate for CSB Bank steady at ₹436.67 per share, with only minor tweaks to assumptions such as a slightly lower discount rate and a marginally revised future P/E. This has resulted in a broadly unchanged price target narrative.
Narrative Update • Feb 21

CSBBANK: Board Decisions On Leadership Pay Will Support Future Upside Potential

Analysts have maintained their fair value estimate for CSB Bank at ₹436.67 per share, making only minor adjustments to assumptions such as the discount rate, revenue growth, profit margin, and future P/E. These changes have not resulted in any revision to the published price target.
Narrative Update • Feb 07

CSBBANK: Fair View Will Depend On Board And Pay Decisions

Analysts have adjusted their price view on CSB Bank to ₹436.67 per share. This reflects updated assumptions around a slightly lower discount rate, revised revenue growth expectations, a modestly higher profit margin and a lower future P/E multiple.
Narrative Update • Jan 24

CSBBANK: Overvaluation Will Persist As Pay Decisions Drive Upcoming Meetings

Analysts have kept their price target for CSB Bank broadly steady at ₹436.67, reflecting only minor tweaks to assumptions such as the discount rate, long term revenue growth, profit margin, and future P/E used in their valuation work. What's in the News Board meeting scheduled on January 28, 2026 to consider and approve the unaudited financial results for the quarter ending December 31, 2025 (Key Developments).
Narrative Update • Jan 09

CSBBANK: Persistent Overvaluation Will Hinge On Upcoming Shareholder And Board Decisions

Analysts have kept their fair value estimate for CSB Bank steady at ₹436.67, while adjusting underlying assumptions such as a slightly lower discount rate, marginally higher profit margin and a small change in the future P/E they apply to earnings, which together shape the updated price target narrative. What's in the News Board meeting scheduled on Jan 28, 2026, to consider and approve the unaudited financial results for the quarter ending Dec 31, 2025 (company filing) Special or extraordinary shareholders meeting set for Jan 21, 2026, via postal ballot in India (company filing) Valuation Changes Fair Value Estimate remains unchanged at ₹436.67 per share, indicating no revision to the central valuation outcome.
Narrative Update • Dec 23

CSBBANK: Fair Outlook Will Reflect Normalized Margins And Governance Developments

Analysts have raised their price target on CSB Bank from ₹395 to approximately ₹437, citing an improved revenue growth outlook and a lower implied future P/E multiple. This is partly offset by expectations of more normalized profit margins and a slightly reduced discount rate.
Analysis Article • Nov 11

Here's Why We Think CSB Bank (NSE:CSBBANK) Is Well Worth Watching

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article • Aug 20

We Think The Compensation For CSB Bank Limited's (NSE:CSBBANK) CEO Looks About Right

Key Insights CSB Bank to hold its Annual General Meeting on 26th of August CEO Pralay Mondal's total compensation...
Narrative Update • Aug 15

Digital Transformation And Indian Inclusion Will Open Future Opportunities

CSB Bank’s consensus price target has decreased to ₹395.00, primarily driven by a sharply lower revenue growth outlook despite improved net profit margins. What's in the News Board meeting scheduled to consider and approve unaudited financial results for the quarter ended June 30, 2025.
User avatar
New Narrative • Feb 02

Tech Transformation And Asset Diversification Will Improve Efficiency By FY '26

Strategic tech upgrades and asset diversification could boost efficiency and revenue above industry levels.
Analysis Article • Aug 25

Does CSB Bank (NSE:CSBBANK) Deserve A Spot On Your Watchlist?

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Analysis Article • Dec 15

Do CSB Bank's (NSE:CSBBANK) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article • Jun 30

Does CSB Bank (NSE:CSBBANK) Deserve A Spot On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

CEO Compensation Analysis

How has Pralay Mondal's remuneration changed compared to CSB Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

₹7b

Mar 31 2026₹39m₹27m

₹6b

Dec 31 2025n/an/a

₹6b

Sep 30 2025n/an/a

₹6b

Jun 30 2025n/an/a

₹6b

Mar 31 2025₹35m₹25m

₹6b

Dec 31 2024n/an/a

₹6b

Sep 30 2024n/an/a

₹6b

Jun 30 2024n/an/a

₹5b

Mar 31 2024₹34m₹29m

₹6b

Dec 31 2023n/an/a

₹6b

Sep 30 2023n/an/a

₹6b

Jun 30 2023n/an/a

₹6b

Mar 31 2023₹19m₹11m

₹5b

Dec 31 2022n/an/a

₹5b

Sep 30 2022n/an/a

₹5b

Jun 30 2022n/an/a

₹5b

Mar 31 2022₹37m₹26m

₹5b

Dec 31 2021n/an/a

₹4b

Sep 30 2021n/an/a

₹3b

Jun 30 2021n/an/a

₹2b

Mar 31 2021₹13mn/a

₹2b

Compensation vs Market: Pralay's total compensation ($USD410.47K) is above average for companies of similar size in the Indian market ($USD281.89K).

Compensation vs Earnings: Pralay's compensation has been consistent with company performance over the past year.

CEO

Pralay Mondal (61 yo)

4.3yrs
Tenure
₹39,047,843
Compensation

Mr. Pralay Mondal serves as Managing Director at CSB Bank Limited since September15, 2022 and served as its Interim Managing Director since April 01, 2022 until September15, 2022. Mr. Mondal serves as Chie...

Leadership Team

NamePositionTenureCompensationOwnership
Pralay Mondal
MD, CEO & Director4.3yrs₹39.05m0.028%
₹ 15.3m
B. Divakara
Executive Director3.2yrs₹10.54mno data
Satish Gundewar
Chief Financial Officer3.2yrsno datano data
K. Chandrasekhar
Head of Operationsless than a yearno datano data
D Narayanan
Head of Operationsless than a yearno datano data
Rajesh Choudhary
Chief Technology Officerno datano datano data
Ajith Jose
Chief Compliance Officerno datano datano data
Chinmay Adhikari
Chief Human Resources Officer1.9yrsno datano data
Narendra Dixit
Head of Retail Banking5.8yrsno datano data
Shyam Mani
Head of BLG & TBG5.8yrsno datano data
Manish Agarwal
Chief Credit Officerno datano datano data
Jaikumar S.
Chief Internal Vigilance Officerno datano datano data
3.2yrs
Average Tenure
57.5yo
Average Age

Experienced Management: CSBBANK's management team is considered experienced (3.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Pralay Mondal
MD, CEO & Director4.5yrs₹39.05m0.028%
₹ 15.3m
B. Divakara
Executive Director2.4yrs₹10.54mno data
Sudhin Choksey
Non-Executive Independent Director5.4yrs₹2.92m0.0035%
₹ 1.9m
Narasimha Raju Doddahosahalli
Non-Executive Independent Director1.7yrs₹2.24mno data
Deepak Maheshwari
Non-Executive Independent Director2.2yrs₹2.99mno data
Biswamohan Mahapatra
Non-Executive Independent Chairperson1.3yrs₹4.62mno data
Sumit Maheshwari
Non-Executive Non-Independent Director7.9yrsno datano data
Sharmila Karve
Non-Executive Independent Director6.1yrs₹1.98mno data
Sharad Saxena
Non-Executive Independent Director4.5yrs₹3.84m0.0029%
₹ 1.6m
Renu Kohli
Non-Executive Independent Director2.7yrs₹2.08mno data
Sheetal Sancheti
Non-Executive Directorless than a yearno datano data
2.7yrs
Average Tenure
66yo
Average Age

Experienced Board: CSBBANK's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/09 00:11
End of Day Share Price 2026/08/07 00:00
Earnings2026/06/30
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

CSB Bank Limited is covered by 11 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Manish KarwaAxis Capital Limited
Praveen AgarwalAxis Capital Limited
Pankaj KaduAxis Capital Limited