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CSB Bank: Should investors bet on this turnaround story?

June 23, 2020 / 10:07 AM IST
CSB Bank: Should investors bet on this turnaround story?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Big may be necessary in banking, but small can be beautiful too. At a time when the profitability of most banks have come under pressure, CSB Bank (CMP: Rs 140, Market Cap: Rs 2,427 crore), the latest private-sector lender to get listed, posted healthy profits in FY20 after many lull years of losses. The bank, which has a very small scale of operations and largely concentrated in Kerala, reported a net profit of Rs 13 crore in FY20 compared to a loss...

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