CSB Bank - Rejuvenated Business Strategy To Aid Healthy Growth: ICICI Direct
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ICICI Direct Report
CSB Bank Ltd. is a south based private sector bank with Kerala contributing ~50% of business.
Gold and small and medium enterprise are key lending segments forming ~40% and 15% of loan mix.
Post a substantial deterioration in asset quality and resultant weak business performances, Fairfax India Holding was permitted to acquire ~51% stake in FY19.
The bank then changed its strategy in various aspects leading to an organisational transformation that led to an improved performance, which is expected to continue ahead.
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