(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 is listed on 04.12.2019 with an absolute gain of 54% on listing day.
|Face Value:||₹ 10 Per Equity Share|
|Lot Size:||100 Shares|
|Current Unlisted Share Price:||₹ Listed on Exchanges Per Equity Share|
|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|
|Particulars ( in Crores)||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|
Please find below the procedure for buying Catholic Syrian Bank Limited (CSB) Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Catholic Syrian Bank Limited (CSB) Unlisted Shares at UnlistedZone.
Lock-in period of Catholic Syrian Bank Limited (CSB) Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Catholic Syrian Bank Limited (CSB) Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Catholic Syrian Bank Limited (CSB) Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Catholic Syrian Bank Limited (CSB) Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
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The Catholic Syrian Bank Limited (CSB) Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
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If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Catholic Syrian Bank Limited (CSB) Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Catholic Syrian Bank Limited (CSB) Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Catholic Syrian Bank Limited (CSB) Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.