CSB Gets An SME Boost
Bank working to diversify from gold and become a pan-India player with a larger share of customer wallet.
Bank working to diversify from gold and become a pan-India player with a larger share of customer wallet.
CSB Bank tops the list of banks adding credibility to India’s financial system by adopting best corporate governance practices.
Expansion beyond gold loans and investments in leadership, technology and partnerships are leading CSB on a new growth path.
In the end, consistency across parameters emerges as the hallmark of the best in the business.
India’s oldest private sector bank turned profitable in 2020 after years of losses. A new promoter and much-needed digital push are helping it achieve scale.
CSB Bank’s stock jumped 41% on listing to ₹275/share and extended gains through the trading session before closing trade 54% higher than the issue price of ₹195/share on Wednesday.
CSB Bank’s IPO got an overwhelming response from investors. The issue was subscribed a whopping 87 times after it got bids for 100.44 crore shares versus 1.15 crore shares on offer for sale.