CSB Bank is currently trading at Rs. 198.00, up by 4.85 points or 2.51% from its previous closing of Rs. 193.15 on the BSE.
The scrip opened at Rs. 197.00 and has touched a high and low of Rs. 201.95 and Rs. 196.55 respectively. So far 29935 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 314.20 on 05-Dec-2019 and a 52 week low of Rs. 192.55 on 14-Jan-2020.
Last one week high and low of the scrip stood at Rs. 208.00 and Rs. 192.55 respectively. The current market cap of the company is Rs. 3429.22 crore.
The promoters holding in the company stood at 49.73%, while Institutions and Non-Institutions held 10.48% and 39.79% respectively.
Reserve Bank of India (RBI) has lifted restriction on CSB Bank regarding opening new branches, which was earlier restricted in view of the delayed Initial Public offering of shares of the Bank. Accordingly, the Bank can currently open branches under the general permission of RBI for all banks subject to the condition that the Bank should ensure that at least 25% of the total number of ‘Banking Outlets’ opened during a financial year are opened in unbanked rural centres, which is applicable for all banks, as part of the general permission.
Catholic Syrian Bank (CSB Bank) is one of the oldest private sector banks in India. Under its SME banking business, the bank caters to financial institutions, agriculture and allied businesses, and vendors and dealers of corporates.
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