CSB Bank - Rejuvenated Business Strategy To Aid Healthy Growth: ICICI Direct
Inside a bank branch in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

CSB Bank - Rejuvenated Business Strategy To Aid Healthy Growth: ICICI Direct

Bookmark

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.

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.

Click on the attachment to read the full report:

ICICI Direct CSB Bank Stock Tales.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.