CSB Bank moves up on partnering with IIFL

28 Oct 2020 Evaluate

CSB Bank is currently trading at Rs. 228.55, up by 2.80 points or 1.24% from its previous closing of Rs. 225.75 on the BSE.

The scrip opened at Rs. 227.00 and has touched a high and low of Rs. 231.05 and Rs. 226.95 respectively. So far 2464 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. 95.00 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 234.25 and Rs. 224.45 respectively. The current market cap of the company is Rs. 3973.87 crore.

The promoters holding in the company stood at 49.73%, while Institutions and Non-Institutions held 11.10% and 39.16% respectively.

IIFL, acting as Business Correspondent (BC) of the Bank, will source new business from markets where CSB Bank does not have adequate branch network. IIFL, with its vast branch network, would help CSB Bank penetrate the lower strata of customers and rural areas, where the Bank currently does not have adequate reach. This arrangement would result in scaling up of the customer base.

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

314.80 2.25 (0.72%)
23-Dec-2024 14:17 View Price Chart
Peers
Company Name CMP
HDFC Bank 1794.80
ICICI Bank 1293.00
Axis Bank 1077.00
Kotak Mahindra Bank 1745.65
Indusind Bank 943.20
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