CSB Bank surges on getting nod to merge 19 branches with nearest branches

17 Mar 2020 Evaluate

CSB Bank is currently trading at Rs. 120.40, up by 1.90 points or 1.60% from its previous closing of Rs. 118.50 on the BSE.

The scrip opened at Rs. 122.80 and has touched a high and low of Rs. 124.00 and Rs. 119.00 respectively. So far 46113 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. 103.00 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 154.70 and Rs. 103.00 respectively. The current market cap of the company is Rs. 2141.31 crore.

The promoters holding in the company stood at 49.73%, while Institutions and Non-Institutions held 12.04% and 38.22% respectively.

CSB Bank has received an approval for the proposal to merge 19 branches of the Bank with the nearest branches of the Bank, with the intention of reducing overall costs and improve productivity. The Board of the Bank at their meeting held on March 16, 2020, approved the same (subject to receipt of requisites approvals).

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.


CSB Bank Share Price

316.55 4.00 (1.28%)
23-Dec-2024 09:23 View Price Chart
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