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


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


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