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Catholic Syrian Bank (CSB) IPO | IPO in 2019 | Banking Industry IPO | Fairfax India

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Dinesh Maurya
Catholic Syrian Bank (CSB) IPO | IPO in 2019 | Banking Industry IPO | Fairfax India

CSB is deal with SMEs, retail and NRI customers and plays an important role in the SME loans and advances.

The Catholic Syrian Bank Limited is an Indian private sector bank with its headquarters at Thrissur, Kerala, India.

It was founded on 26 November 1920 and started its operations in the year 1921 with paid-up capital of Rs.

Fairfax acquires a 51 percent stake in CSB for around Rs 1200 crore, and become the first bank owned by the foreigner.

It provides a wide range of services, with a particular focus on Small and medium enterprises (SME), retail, and NRI customers.

Banking industry consists of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions.

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Dinesh Maurya
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