Catholic Syrian Bank Limited (CSB) Unlisted Shares
(i)The genesis of Indian Banking is associated to a large extent with the Swadeshi Movement, which inspired many Indians to promote Swadeshi Banks at the beginning of the 20th Century. The enterprising founders of Catholic Syrian Bank Ltd also found this period to be a moment of opportunity to promote the establishment of a bank. Thus was born The Catholic Syrian Bank Ltd, Nine decades ago, on 26th November 1920 to be exact at Thrissur.
(ii) At present, the bank has a network of over 419 branches and more than 277 ATMs across 18 states and 2 union territory.
(iii) The Company was facing an issue to maintain minimum Capital Adequacy Ratio(CAR) since it was introduced by RBI. However, in FY18-19, thanks to M/s FIH Mauritius Investments Ltd (FIHM), the subsidiary of Fairfax Holding India Limited, backed by Canadian billionaire Prem Watsa, has pumped in 721 crores in two phases to the bank – the highest ever capital infusion in the history of this institution. As on date, the bank has a CAR of 16.77% well above the guidelines of 10.875%.
(iv) After Toronto-based Fairfax agreed to invest $168 million for a 51 percent stake in the bank, the first time the Reserve Bank of India allowed a foreign firm to take a majority interest in a local lender, thereby, becoming India’s first bank having majority stakes by a foreign player.
(v) The Bank has already filed DRHP for IPO. The expected IPO date is 19-21 Nov.
Catholic Syrian Bank Limited (CSB) Unlisted Shares Details:
|Total Available Shares:||1500|
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ Best in industry Per Equity Share|
|Retail Discount:||Bulk Deal (1%)|
|Sr.no||Name of the Shareholder||No. of Shares||% of Holding|
|1||FIH MAURITIUS INVESTMENTS LTD||19832130||5.771|
|2||HDFC LIFE INSURANCE COMPANY LIMITED||4044000||4.707|
|3||AGNUS CAPITAL LLP||3081854||3.587|
|4||ICICI PRUDENTIAL LIFE INSURANCE CO LTD||3044000||3.543|
|5||THE FEDERAL BANK LIMITED||2785661||3.242|
|6||BRIDGE INDIA FUND||2500000||2.91|
|7||Siguler Guff Bric Mauritius||2085393||2.427|
|8||WAY2WEALTH SECURITIES PRIVATE LIMITED||1555214||1.81|
|9||ICICI LOMBARD GENERAL INSURANCE COMPANY||1000000||1.164|
|10||VOLRADO VENTURE PARTNERS FUND II||1191432||1.387|
Financials of Catholic Syrian Bank Limited (CSB) Unlisted Shares:
|Particulars ( in Crs)||FY18-19||FY17-18||FY16-17|
|Net Interest Income (NII)||439.95||384.81||313.6|
|Provisions and Contingencies (Other than tax)||313.69||223.69||160.63|
|Profit / (Loss) before Tax||-300.16||-149.36||-8.92|
|Provision for taxes||-102.68||-51.89||-10.47|
|Net Profit /(Loss)||-197||-97.47||1.55|
|Key Performance Indicators|
|Capital Adequacy Ratio (CRAR)% Basel – II||16.77||9.92||12.18|
|Capital Adequacy Ratio (CRAR)% Basel – III||16.7||9.91||12.15|
|Earnings per share||-23.73||-12.04||0.21|
|Book value per share||108.79||109.81||123.44|
|Net Interest Margin%||2.51||2.32||1.91|
|Return On Assets (ROA)%||-1.13||-0.59||0.01|
|Return On Equity (ROE)%||-26.13||-15.8||0.24|