CSB Bank Ltd IPO
Incorporated in 1920, Kerala based CSB Bank Ltd, formerly known as Catholic Syrian Bank, is one of the oldest private sector banks in India. The bank has a significant presence in Southern India and Maharashtra.
CSB Bank Ltd. operates in four business areas:
- SME Banking
- Wholesale Banking
- Retail Banking
- Treasury Operations
The company also has a contractual arrangement to distribute life insurance products of HDFC, Edelweiss Tokio, and ICICI Prudential Life Insurance Company Ltd and general insurance products of Reliance General Insurance Company Ltd. The bank has 1.3 million customers majorly from Retail, SME and NRI segments. It has a wide product and services range delivered through multiple channels of 277 ATMs, 414 branches, and other services. In the year 2018, Watsa's Fairfax India Holdings (FIH) Corporation acquired CSB Bank with 51% stake (around Rs 440 cr).
Core Strengths
- Strong network and well-known brand in South India
- Significant capital base
- Established SME business model
- Major portion of gold loans in portfolio
- Prudent risk management controls, policies, and procedures
Issue Details
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