CSB Bank - A Turnaround Story: Dolat Capital Initiates Coverage 
CSB Bank CEO CVR Rajendran, fourth from left, rings a bell to mark the stock’s market debut at the National Stock Exchange in Mumbai, India, on Dec. 4, 2019. (Photo: CSB Bank)

CSB Bank - A Turnaround Story: Dolat Capital Initiates Coverage 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Dolat Capital Report

CSB Bank Ltd. (erstwhile Catholic Syrian Bank) has undergone a transformation in last few years after Mr CV Rajendran was appointed as Chief Executive Officer in Dec-16 and after Reserve Bank of India took an exception and permitted a 51% stake by Fairfax India Holdings in July 2018.

From strengthening its top management, to moving towards product based lending approach, along with balance sheet clean up and improvement in core operating metrics, the bank is now well placed for growth along with adequate capital backing.

We expect return on assets to rise to 1.3/1.4% by FY22E/23E led by improving pre-provision operating profit profile and decline in credit costs.

Click on the attachment to read the full report:

Dolat Capital CSB Bank Initiating Coverage.pdf


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