CSBBANK

Aug 13 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK LTD - NIM FOR Q1 AT 3.54%

Source text: ID:nnAZN4CY4C6

Further company coverage: CSBB.NS

(([email protected];))

** Shares of CSB Bank CSBB.NS rise 2% to 400 rupees

** The lender's provisional total deposits up 20% Y/Y, as of June 30, while gross advances rose 32% Y/Y

** Analysts' avg. rating on stock is "buy", median PT is 400 rupees - according to data compiled by LSEG

** Stock up ~27%, YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

May 9 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK LTD - RBI APPROVES APPOINTMENT OF BISWAMOHAN MAHAPATRA AS PART-TIME CHAIRMAN

Source text: ID:nBSEMLvC0

Further company coverage: CSBB.NS

(([email protected];;))

** Shares of Fairfax-owned CSB Bank CSBB.NS climb 2.8% to 309.55 rupees after Q4 business update

** Private sector bank says its deposits grew 24% as of March 31, while gross advances climbed about 30%

** Over 567,000 shares traded, 3.5x the 30-day avg volume

** Stock fell 15% in the previous fiscal year to March 31

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

April 1 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK LTD - TOTAL DEPOSITS AS OF MARCH 31 UP 24.03% YOY

Source text: ID:nNSE4frbkc

Further company coverage: CSBB.NS

(([email protected];))

** Shares of CSB Bank CSBB.NS rise 4.3% to 327.40 rupees

** Bank's gross advance rose 26.5% y/y in the December quarter, total deposits increased 22.2% y/y

** Trading vols at 1.3 mln shares, nearly 4x 30-day average

** Stock fell 25.2% in 2024 after jumping 76.1% in the previous year

(Reporting by Vijay Malkar)

(([email protected];))

Jan 1 (Reuters) - CSB Bank Ltd CSBB.NS:

• GROSS ADVANCE UP 26.45% YOY AS OF DEC-END

• TOTAL DEPOSITS UP 22.17% YOY AS OF DEC-END

Source text: ID:nBSE9PpMK9

Further company coverage: CSBB.NS

(([email protected];))

Oct 24 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK SEPT-QUARTER NET PROFIT 1.38 BILLION RUPEES

• CSB BANK SEPT-QUARTER GROSS NPA 1.68%

• CSB BANK SEPT-QUARTER INTEREST EARNED 8.65 BILLION RUPEES

• CSB BANK SEPT-QUARTER NET NPA 0.69%

• CSB BANK SEPT-QUARTER PROVISIONS & CONTINGENCIES 139.1 MILLION RUPEES

Source text for Eikon: ID:nBSE6zPT02

Further company coverage: CSBB.NS

(([email protected];))

Aug 29 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK - GOT TAX ORDER FOR PENALTY OF 68.9 MILLION RUPEES

Further company coverage: CSBB.NS

(([email protected];))

** Shares of CSB Bank CSBB.NS fall 3.6% to 345.20 rupees, set for worst day in nearly 2 months

** The bank's June-qtr net profit falls 14% to 1.13 billion rupees ($13.5 million)

** More than 1.2 mln shares change hands, over two times the 30-day avg

** Stock down ~17% YTD, had gained ~76% in 2023

($1 = 83.7194 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

July 1 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK - PROVISIONAL TOTAL DEPOSITS FOR QUARTER-ENDED JUNE UP 22.24% Y/Y

• CSB BANK LTD - PROVISIONAL GROSS ADVANCES UP 17.8% Y/Y FOR QUARTER ENDED JUNE 30

Source text for Eikon: ID:nBSEccHjtw

Further company coverage: CSBB.NS

(([email protected];))

MUMBAI, June 27 (Reuters) - Fairfax India Holdings Corp FIHu.TO said on Thursday its wholly-owned subsidiary, FIH Mauritius Investments, sold a 9.7% stake in Indian private lender CSB Bank CSBB.NS to comply with regulatory norms.

The proceeds of the sale amounted to 5.9 billion rupees ($70.7 million) in gross terms, Fairfax India said in a release.

After the sale, Fairfax India's stake in Kerala-based CSB Bank will reduce to 40% from 49.72% at the end of March.

Toronto-based Fairfax India Holdings is backed by Canadian billionaire Prem Watsa and invests in public as well as private equity securities and debt instruments in India.

In November, FIH Mauritius Investments received approval from the Reserve Bank of India to bring down its shareholding in CSB Bank to 26% within 15 years, instead of 15% as advised by the central bank earlier.

CSB Bank's shares were up 4.1% in early trade on Thursday.

($1 = 83.5050 Indian rupees)

(Reporting by Siddhi Nayak; Editing by Eileen Soreng)

(([email protected]; +91 22 6921 7848; Reuters Messaging: Twitter: https://twitter.com/siddhiVnayak))

** Shares of CSB Bank CSBB.NS down 5.2% at 383.7 rupees

** Co's March-qtr net profit fell 3.2% YoY

** Shares were down 0.8% ahead of the results

** Stock set for worst day since March 13, if trend holds

** Stock down 8.3% YTD after rising 76.1% in 2023

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of CSB Bank CSBB.NS rise 3.3% to 379.6 rupees

** Lender on Monday said its gross advances for the quarter ended March grew 17.9% y/y, while total deposits rose 21.3%

** Stock on track to rise for a seventh straight session, if gains hold; CSBB declined in Q4, snapping a six-quarter winning streak

** Stock has fallen about 8% so far this year, peers South Indian Bank SIBK.NS and Karur Vysya Bank KARU.NS lost 2.9% and 0.3%, respectively, during this period

(Reporting by Yagnoseni Das in Bengaluru)

(([email protected];))

Feb 29 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK LTD - ONE YEAR MCLR CHANGED TO 10.40% FROM 10.50% WITH EFFECT FROM MARCH 1

Source text for Eikon: ID:nBSE3fq6MP

Further company coverage: CSBB.NS

(([email protected];;))

Jan 29 (Reuters) - CSB Bank Ltd CSBB.NS:

• Q3 NET PROFIT 1.5 BILLION RUPEES VERSUS 1.56 BILLION RUPEES

• Q3 GROSS NPA 1.22% VERSUS 1.27% PREV QUARTER

• Q3 INTEREST EARNED 7.62 BILLION RUPEES VERSUS 5.92 BILLION RUPEES

• Q3 PROVISIONS & CONTINGENCIES WRITE-BACK 45.4 MILLION RUPEES VERSUS PROVISION WRITE-BACK OF 149.6 MILLION RUPEES YEAR AGO

• Q3 PROVISIONS FOR NPA 42.8 MILLION RUPEES VERSUS 47.9 MILLION RUPEES YEAR AGO

• Q3 NET NPA 0.31% VERSUS 0.33% PREV QUARTER

Further company coverage: CSBB.NS

(([email protected];))

Jan 2 (Reuters) - CSB Bank Ltd CSBB.NS:

• PROVISIONAL GROSS ADVANCE UP 22.6% YOY AS OF DEC 31

• PROVISIONAL TOTAL DEPOSITS AS OF DEC 31, UP 20.65% YOY

Source text for Eikon: ID:nBSE6Rf9VJ

Further company coverage: CSBB.NS

(([email protected];))

Nov 30 (Reuters) - CSB Bank Ltd CSBB.NS:

• INDIA CENBANK APPROVED DILUTION OF SHAREHOLDINGS OF PROMOTER, FIH MAURITIUS INVESTMENTS IN PAID-UP CAPITAL OF BANK

• FIHM TO REDUCE SHAREHOLDING TO 26% IN PAID-UP CAPITAL OF BANK WITHIN 15 YEARS FROM DATE OF COMPLETION OF INVESTMENTS

Further company coverage: CSBB.NS

(([email protected];))

Nov 28 (Reuters) - CSB Bank Ltd CSBB.NS:

• REVISED ONE YEAR MCLR TO 10.40% FROM 10.30%, EFFECTIVE DEC 1

Source text for Eikon: ID:nBSE4B6W7d

Further company coverage: CSBB.NS

(([email protected];;))

MUMBAI, Nov 16 (Reuters) - The Indian government does not expect to conclude the sale of IDBI Bank IDBI.NS by the end of the financial year on March 31, 2024, a top finance ministry official told reporters.

The federal government, which owns 45.48% of IDBI Bank, and state-owned Life Insurance Corp of India LIFI.NS, which holds 49.24%, together plan to sell 60.7% of the lender.

Kotak Mahindra Bank KTKM.NS, Canadian billionaire Prem Watsa-backed CSB Bank CSBB.NS and Emirates NBD ENBD.DU have submitted initial bids for a majority stake in IDBI Bank and the Reserve Bank of India (RBI) has been vetting bidders since April.

"We practically don't think that before March we can conclude (the sale of IDBI Bank)," said Tuhin Kanta Pandey, the secretary of the Department of Investment and Public Asset Management.

Pandey added that the RBI was still conducting the vetting process. The government had previously expected that process to be completed by the end of October, raising market hopes that the sale could close by the end of March.

The sale of a majority stake in IDBI Bank has been seen as a first step towards privatising other state-run banks, and delaying the deal means the government will likely miss its divestment target of 510 billion rupees by a bigger margin.

Since the beginning of the current fiscal year in April, India has raised only 80 billion rupees by selling stakes in state-run firms.

Such sales are a key revenue raising measure that have helped Prime Minister Narendra Modi's government spend record sums on building infrastructure. But recently, the process has slowed as the government's focus has shifted towards national elections due next summer.

(Reporting by Jayshree P Upadhyay
Editing by Mark Potter)

(([email protected]; +91 99109 33884;))

Oct 31 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK LTD - ENTERED INTO AN AGREEMENT WITH ORACLE FINANCIAL SERVICES SOFTWARE

• CSB BANK LTD - AGREEMENT FOR PROCUREMENT OF NEW CORE BANKING SOLUTION

Source text for Eikon: ID:nBSE1vqFHL

Further company coverage: CSBB.NS

(([email protected];))

Oct 20 (Reuters) - CSB Bank Ltd CSBB.NS:

• INDIA'S CSB BANK Q2 NET PROFIT 1.33 BILLION RUPEES VERSUS 1.21 BILLION RUPEES

• CSB BANK Q2 GROSS NPA 1.27% VERSUS 1.27% PREV QUARTER

• CSB BANK Q2 NET NPA 0.33% VERSUS 0.32% PREV QUARTER

• CSB BANK Q2 INTEREST EARNED 6.87 BILLION RUPEES VERSUS 5.55 BILLION RUPEES

• CSB BANK Q2 PROVISIONS & CONTINGENCIES WRITE-BACK OF 33.3 MILLION RUPEES VERSUS PROVISION WRITE-BACK OF 37.3 MILLION RUPEES YEAR AGO

• CSB BANK Q2 PROVISIONS FOR NPA 105.8 MILLION RUPEES VERSUS 68.2 MILLION RUPEES YEAR AGO

Source text for Eikon: ID:nBSET0LfP

Further company coverage: CSBB.NS

(([email protected];))

By Nikunj Ohri

NEW DELHI, Oct 12 (Reuters) - India's central bank is expected to accelerate a key process of vetting IDBI Bank's IDBI.NS potential buyers and complete it by October end, helping speed up the sale of a majority stake in the lender, two government sources said.

The federal government, which owns 45.48% of IDBI Bank, and the state-owned Life Insurance Corp of India LIFI.NS, which holds 49.24%, together plan to sell 60.7% of the lender.

The Reserve Bank of India (RBI) began the vetting process known as 'fit and proper criteria' in April, after Kotak Mahindra Bank KTKM.NS, the Prem Watsa-backed CSB Bank CSBB.NS and Emirates NBD ENBD.DU submitted their initial bid to acquire a majority stake in IDBI Bank.

The RBI normally takes about 12-18 months to complete the assessment before allowing an entity to run a bank.

"In discussions with the government, the RBI has conveyed that the fit and proper assessment would be complete by month-end," said one of the two government officials, who did not want to be named.

Completing the vetting process early could allow the government to invite bids in January-March, targeting a wrap-up of the sale by the end of March, both the officials said.

India's finance ministry and the RBI did not immediately respond to emails seeking comment.

The IDBI Bank stake sale is part of the government's 510 billion rupees ($6.13 billion) divestment target for fiscal 2024.

However, it is also the only significant divestment the government is focusing on this year, raising concerns about the target being met, as attention turns to the upcoming state and national elections.

Once the RBI screening concludes, the government will grant suitable bidders access to confidential data that IDBI Bank has begun collecting, such as employees' pension corpus and insurance or medical covers.

($1 = 83.1553 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Janane Venkatraman)

(([email protected]; +91 90284 60730; Reuters Messaging: twitter.com/nikunj_ohri))

Oct 3 (Reuters) - CSB Bank Ltd CSBB.NS:

• SEPT QUARTER PROVISIONAL TOTAL DEPOSITS 254.38 BILLION RUPEES, UP 21.21% YOY

Source text for Eikon: [ID:]

Further company coverage: CSBB.NS

(([email protected];))

Sept 21 (Reuters) - CSB Bank Ltd CSBB.NS:

• CSB BANK ENTERS INTO PARTNERSHIP WITH DAIMLER INDIA COMMERCIAL VEHICLES FOR VEHICLE-FINANCING PROGRAM- STATEMENT

Source text for Eikon: [ID:]

Further company coverage: CSBB.NS

(([email protected];))

Aug 30 (Reuters) - CSB Bank Ltd CSBB.NS:

• REVISES ONE-YEAR MCLR TO 10.20% FROM 10.10%, EFFECTIVE SEPT 1

Source text for Eikon: ID:nBSE17FsJB

Further company coverage: CSBB.NS

(([email protected];))

July 20 (Reuters) - CSB Bank Ltd CSBB.NS:

• INDIA'S CSB BANK JUNE-QUARTER NET PROFIT 1.32 BILLION RUPEES VERSUS 1.15 BILLION RUPEES

• CSB BANK JUNE-QUARTER INTEREST EARNED 6.83 BILLION RUPEES VERSUS 5.36 BILLION RUPEES

• CSB BANK JUNE-QTR GROSS NPA 1.27% VS 1.26% PREV QTR

• CSB BANK JUNE-QTR NET NPA 0.32% VS 0.35% PREV QTR

Source text for Eikon: ID:nBSE4X92sj

Further company coverage: CSBB.NS

(([email protected];))

May 10 (Reuters) - CSB Bank Ltd CSBB.NS:

• APPOINTED SATISH GUNDEWAR AS CHIEF FINANCIAL OFFICER

• B.K. DIVAKARA WILL STEP DOWN FROM POSITION OF CFO

Source text for Eikon: ID:nBSEbHT8C6

Further company coverage: CSBB.NS

(([email protected];))

April 28 (Reuters) - CSB Bank Ltd CSBB.NS:

• MARCH-QUARTER NET PROFIT 1.56 BILLION RUPEES VERSUS PROFIT 1.31 BILLION RUPEES

• MARCH-QUARTER INTEREST EARNED 6.36 BILLION RUPEES VERSUS 5.2 BILLION RUPEES

• MARCH-QUARTER PROVISIONS WRITE BACK 92 MILLION RUPEES VERSUS 341 MILLION RUPEES

• MARCH-QUARTER PROVISIONS FOR NPA 31.2 MILLION VERSUS WRITE-BACK 25.1 MILLION

Further company coverage: CSBB.NS

(([email protected];))