MoneyWorks4Me

CSB Bank gets nod to merge 19 branches with nearest branches

17 Mar 2020 Evaluate

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.

Peers
Company Name CMP
HDFC Bank 735.80
ICICI Bank 1326.50
Axis Bank 1220.00
Kotak Mahindra Bank 403.40
Indusind Bank 912.50
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