CATHOLIC SYRIA BANK LIMITED (i.e CSB), LEADING KERALA BASED UNLISTED BANK, MAJOR HOLDING BY MR. PREM
WATSA- 2017 FINANCIAL UPDATE
CATHOLIC SYRIAN BANK LTD also
pronounced as CSB, was incorporated
in year 1920 at Thrissur, Kerala. Catholic Syrian
Bank Ltd initially for the first two decades
focused is operations only in the state of Kerala. During 1960, with strategies of merger and
acquisition CSB took over the assets and liabilities of 5 small banks located
in kerala thereby initiating its expansion plan. As on date since 2016, company
owns
around 429 branches and 240 ATMs network all across India.
In May, RBI has given guidelines for ownership
in private banks to allow regulated, well-diversified and listed or
supranational institutions to own up to 40%, but it had also allowed for
exemptions “as permitted on a case to case basis.” Foreign direct investment in
private banks continues to be capped at 74%. Based on this Fairfax India Holdings Corp.
owned by Prem Watsa
was allowed by RBI to hold a majority stake in catholic Syrian bank. As on Nov
2016, Prem Watsa picked up around 51% stake in the bank.
(Read Article on - Fairfax Stake Purchase)
Catholic Syrian Bank Ltd
has filled draft prospect for IPO with SEBI in March 2015. Due to market
condition now been favorable for the IPO and other relevant factors board of
directors did not proceed with the IPO plan. But the company continues to make preferential allotment per IPO which
shall be available as offer for sale when the IPO process is taken up once
again. At the time of IPO (2015-2016) news PE valuators had valued the company
at Rs. 4000-4800 crs.
(Read article on IPO- CSE IPO ALERT)
Financial Highlights – 2017 & 2016 (Fig.
in crs)
Particulars
|
2017
|
2016
|
Total Income
|
1617.5
|
1588
|
PAT
|
1.55
|
-150
|
EPS
|
0.19
|
-20.86
|
CAR
|
12.15%
|
10.55%
|
Gross NPA
|
7.25%
|
5.62%
|
Net NPA
|
5.51%
|
4.40%
|
ROA
|
0.01%
|
-0.92
|
EQ
|
81.01
|
71.76
|
FV
|
10
|
10
|
BV
|
123
|
124
|
Advances
|
8118
|
7852
|
Deposits
|
14911
|
14438
|
For buying and selling any unquoted / unlisted
/ delisted or suspended shares in physical or demat you can reach us at Contact
No.91+ 09215709100 or Email us on mittalmanish2003@gmail.com
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