-
IDBI Bank’s ownership can be a shot in arm for Fairfax’s banking ambitions as it is over 8 times the size of CSB Bank in terms of asset base.
-
Stocks to Watch, 5 January: Stocks like Corona Remedies, Equitas Small Finance Bank, Bank Of Baroda, Bandhan Bank, Bajaj Finance, Sobha, Ujjivan Small Finance Bank, IDBI Bank, Mahindra & Mahindra Financial Services, Hindustan Zinc, and Union Bank Of India will be in focus on January 5.
-
Stocks to Watch, 06 November: Stocks like Grasim Industries, One 97 Communications Paytm, InterGlobe Aviation, Britannia Industries, Indian Hotels Company, Delhivery, Redington, Godrej Agrovet, CSB Bank, Kaynes Technology India, Chalet Hotels, Apollo Micro Systems, Metropolis Healthcare, Gujarat Pipavav Port, and Garden Reach Shipbuilders will be in focus on November 6.
-
The collaboration would allow customers of CSB Bank, especially SMEs to access bespoke life insurance solutions designed to protect and safeguard the individual’s business continuity, wealth, and their families.
-
The bank’s gold lending portfolio has a huge runway for growth
-
The bearish sentiment is expected to prevail, given the weakness in technical indicators. Below are some short-term trading ideas to consider.
-
CSB Bank has articulated its long-term vision, under which, by FY2030, its loan portfolio will be well-diversified with 20% in gold, 30% in retail, 20% in SME and 30% in wholesale and other businesses.
-
Stocks to Watch, 29 Apr: Stocks like RPG Life Sciences, Adani Green Energy, Oberoi Realty, Fino Payments Bank, KFin Technologies, Plastiblends India, Hatsun Agro Product, AWL Agri Business, Adani Total Gas, Nippon Life India Asset Management, Firstsource Solutions, Go Digit General Insurance, and Greenply Industries will be in focus on April 29.
-
Stocks to Watch, 2 Apr: Stocks like Hi-Tech Pipes, Syngene International, Tata Steel, Biocon, Vaibhav Global, Tata Consumer Products, MOIL, JSW Energy, Quess Corp, Indian Bank, Pidilite Industries, Jana Small Finance Bank, SJVN, Power Grid Corporation of India, Shriram Finance, Polycab India, and Godawari Power & Ispat will be in focus on April 2.
-
CSB Bank is a small sized bank with business concentrated in Kerala (~35% branches) with remaining spread mainly across Tamil Nadu, Andhra, Karnataka, and Maharashtra. CSB Bank has staged a good comeback post capital infusion and change in the ownership with Fairfax becoming single largest shareholder in 2018. Backed by the strong parentage of Farifax group, more than adequate capital, relatively better asset quality and growth in gold loan portfolio, CSB bank delivered return on asset (ROA) around 1.8% and return on equity (ROE) of 17% in FY24.CSB bank has articulated its long-term vision as per which by FY 2030, bank’s loan portfolio will be well diversified with 20% in gold loans, 30% retail, 20% SME and 30% wholesale and other businesses. The bank plans to maintain over 45% of its advances in gold loan product over the near-to-medium term, and hence, most of benefits of gold loans will continue.
-
CSB Bank benefits immensely from a gold loan portfolio that has higher yields, low credit costs and lower risk weights, offsetting pressures facing small banks
-
The business update shared by CSB Bank on January 1 showed that the total deposits grew by 22.17% on year to Rs 33,406 crore, and advances against gold and gold jewellery rose by 36.28% YoY to Rs 13,018 crore.
-
Stocks To Watch Today, Jan 2: Stocks like Ambuja Cements, Ugro Capital, Ind-Swift Laboratories, Deepak Spinners, Ashoka Metcast, Ruby Mills, Goa Carbon, Indian Bank, Responsive Industries, RNFI Services, Gujarat Toolroom, and Anya Polytech & Fertilizers will be in focus on January 2.
-
Mondal also said that the bank does not see any major impact on its gold loan portfolio after reviewing the policy and entire portfolio.
-
-CSB Bank is a small sized bank with business concentrated in Kerala (~35% branches) with remaining spread mainly across Tamil Nadu, Andhra, Karnataka, and Maharashtra. CSB Bank has staged a good comeback post capital infusion and change in the ownership with Fairfax becoming single largest shareholder in 2018. Backed by the strong parentage of Farifax group, more than adequate capital, relatively better asset quality and growth in gold loan portfolio, CSB bank delivered return on asset (ROA) around 1.8% and return on equity (ROE) of 17% in FY24. CSB bank has articulated its long-term vision as per which by FY 2030, bank’s loan portfolio will be well diversified with 20% in gold loans, 30% retail, 20% SME and 30% wholesale and other businesses. The bank plans to maintain over 45% of its advances in gold loan product over the near-to-medium term, and hence, most of benefits of gold loans will continue. The valuation looks attractive given the return ratios and huge growth potential on a small balance sheet.
-
Profitability dragged down by a sharp fall in margin and higher operating expenses
-
The RBI's new draft rules will prove important during times of severe liquidity stress or when many people withdraw their funds -- both moves that can significantly affect a bank's total capital and its ability to finance such outflows.
-
The lender’s CFO, in a post results analysts call, said that GNPA has peaked out in this fiscal and the bank is expecting to deliver better Q2FY25 performance.
-
After a positive start at fresh highs, the Sensex as well as the Nifty 50 oscillated between gains and losses in the first half. However, extended selling in the second half dragged both the benchmarks to end the session largely flat, sharply off the record highs.
-
CSB Bank's total deposits marked 22.2 percent YoY growth, while gross advances grew by 17.7 percent YoY in Q1FY25
-
The proceeds of the sale amounted to 5.9 billion rupees ($70.7 million) in gross terms, Fairfax India said in a release.
-
FIH Mauritius Investments held a 49.72 percent stake in CSB Bank as per the latest shareholding data, which will come down to 40 percent post the stake sale.
-
FIH Mauritius Investments is likely to raise 595 crore through block deal at floor price of Rs 352.4 per share
-
The bank hugely benefits from a gold loan portfolio that has higher yields, low credit costs, and lower risk weights.
-
The bank hugely benefits from a gold loan portfolio that has higher yields, low credit costs, and lower risk weights
