CSB Bank Limited is an Indian private sector bank. It was founded on 26 November 1920 and is headquartered at Thrissur, Kerala, India. It is one of the oldest banks in India. The bank has a network of over 426 branches and more than 257 ATMs across India. C.VR. Rajendran is the MD & CEO of the bank. In 2018, Fairfax Financial, a financial holding company based in Toronto, Canada, took a 51% stake in CSB Bank Ltd.
|Issue Open Date||Nov 22, 2019|
|Issue Close Date||Nov 26, 2019|
|Issue Size (Rs cr)||21,021,821 Equity Shares of Rs.10 (aggregating up to Rs.409.68 Cr)|
|Issue Price||Rs.193 to Rs.195 Per Equity Share|
|Listing on||BSE, NSE|
|Issue Type||Book Built Issue IPO|
|Issue Lot Size||75|
|QIB||atleast 75% Equity Share|
|NII||atleast 15% Equity Share|
|EMP||upto - Equity Share|
|RII||atleast 10% Equity Share|
|Face Value||Rs. 10 Per Equity Share|
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|Date||Issue Price||Issue Size (Rs Cr)||QIB||NII||RII||EMP||Total|
|Nov 26, 2019||193 - 195||Rs.409.68 Cr||62.18x||164.68x||44.46x||-||86.91x|
Under SME Banking, the bank offers banking services to vendors, allied businesses, agriculture, financial institutions, and dealers of corporates. The products offered to this category include working capital loans, letters of credit, term loans, bank guarantees and invoice/bill discounting.
CSB Bank fulfils business needs of large & mid-size corporates, and business entities of Rs 250 million and more credit requirement under Wholesale Banking category.
Under the Retail Banking category, the bank offers retail lending and deposit products to retail and NRI customers. The lending products include vehicle loans, gold loans, loans against properties, education loans, agricultural loans, personal loans and housing loans to retail and NRI customers. The deposit products include corporate salary accounts, recurring deposits, savings accounts, current accounts, and fixed deposits.
Under Treasury Operations, the bank deals with asset-liability management, statutory reserves management, trading & investment of securities, foreign exchange, and liquidity management activities. This category is aimed to maintain liquidity requirement to comply with the CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio), which are RBI Mandates.