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 is listed on 04.12.2019 with an absolute gain of 54% on listing day.

Catholic Syrian Bank Limited (CSB) Unlisted Shares Details:

Face Value:	₹ 10 Per Equity Share
ISIN:	INE679A01013
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ Listed on Exchanges Per Equity Share

Shareholding Pattern:

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

~1200 Cr Investment by Prem Watsa backed Fairfax India Holding limited through its subsidiary (FIHM) in CSB Bank. (i) The Bank on October 19, 2018, allotted an aggregate number of 1,98,32,130 Equity Shares of 10 each at an issue price of 140 per share (including a premium of 130 per share) and 6,64,63,329 Warrants compulsorily convertible into or exchangeable for Equity Shares of 10 each at an issue price of 140 (including premium of 130 per warrant) to FIH Mauritius Investments Ltd(FIHM). (ii) Equity shares were allotted on a partly paid-up basis and received 35 per share upfront, aggregating of ~69.4 Crores. Warrants were allotted on a partly paid-up basis and received 56 per warrant upfront, aggregating of ~372 Crores and thereafter on March 20, 2019, received 42 per warrant as to the first call aggregating of ~280 Cr. (iii) Bank, as on March 31, 2019, has received an amount aggregating of ~721 Cr (69+372+280) by allotting Warrants and Shares to FIH-M. (iv) The remaining ~500 Cr will be given in FY19-20.

Financials of Catholic Syrian Bank Limited (CSB) Unlisted Shares:

Particulars ( in Crores)	FY18-19	FY17-18	FY16-17
Deposits	15123.87	14690.65	14911.56
Net Advances	10615.23	9337.36	8118.93
Net Interest Income (NII)	439.95	384.81	313.6
Non-Interest Income	135.92	125.42	281.2
Operating Profit/(Loss)	13.36	74.33	151.71
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
Cost-Income Ratio%	97.68	85.43	74.49
Return On Assets (ROA)%	-1.13	-0.59	0.01
Return On Equity (ROE)%	-26.13	-15.8	0.24

Financial Highlights of FY18-19 1. Net Interest Income crossed 400 crore mark and stood at 440 crores, growing at 14%. Net Interest Margin continued its upward journey, 2.3% to 2.5%. 2. Credit Deposit Ratio improved from 64% as on 31.03.18 to 70% as on 31.03.19, thanks to credit growing at 14%. 3. Non-Interest Income increased from 125 crore to 136 crore or by 9% due to an increase in commission on bancassurance, processing fees, recovery of bad debts written off, etc. 4. Due to a reduction in retirement age and increased annuity cost for DA of pensioners, staff cost increased from 287 crore to 384 crore – an increase of around 100 crore which has affected the operational profit. 5. Our operating profit reduced from 74 crore to 13 crore due to the above-mentioned surge in staff costs. 6. The bank had conducted a stock audit of all those accounts whose credit limit are 25 lakhs & above 297 such accounts were identified for conducting a special stock audit. Based on the stock audit report, the bank had classified accounts with aggregate exposure of 31 crores as NPA. There were strict instructions to branches to desist from any act of ever-greening. Hit to P&L on account of provision for NPA was 262 crore in FY 19 as against 191 crore in FY 18, due to these prudential measures. 7. On Asset quality front the worst seems to be over for the bank. While gross NPA reduced from 7.9% to 4.9%, Net NPA reduced from 4.5% to 2.3%. Provisioning Coverage Ratio improved from 62% to 78%. CSB Annual Report 2018-19 CSB Annual Report 2017-18 CSB Annual Report 2016-17 Research Report by UnlistedZone

Company Address:

Catholic Syrian Bank Limited Head Office, CSB Bhavan, P.O Box No.502, St.Mary’s College Road, Thrissur–680020, Kerala, India

Frequently Asked Questions:

Please find below the procedure for buying Catholic Syrian Bank Limited (CSB) Unlisted Shares at UnlistedZone.

1. You confirm booking of Catholic Syrian Bank Limited (CSB) Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Catholic Syrian Bank Limited (CSB) Unlisted Shares is 6 months after listing. Hence you can’t sell Catholic Syrian Bank Limited (CSB) Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Catholic Syrian Bank Limited (CSB) Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Catholic Syrian Bank Limited (CSB) Unlisted Shares.
2. We will give you our client master report and you will transfer the Catholic Syrian Bank Limited (CSB) Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Catholic Syrian Bank Limited (CSB) Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Catholic Syrian Bank Limited (CSB) Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Catholic Syrian Bank Limited (CSB) Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Catholic Syrian Bank Limited (CSB) Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Catholic Syrian Bank Limited (CSB) Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Catholic Syrian Bank Limited (CSB) Unlisted Shares.
- b. Name of Catholic Syrian Bank Limited (CSB) Unlisted Shares
- c. Quantity of Catholic Syrian Bank Limited (CSB) Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Catholic Syrian Bank Limited (CSB) Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Catholic Syrian Bank Limited (CSB) Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

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.

Check credit of Catholic Syrian Bank Limited (CSB) Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Catholic Syrian Bank Limited (CSB) Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Catholic Syrian Bank Limited (CSB) Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Catholic Syrian Bank Limited (CSB) Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

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.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Catholic Syrian Bank Limited (CSB) Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Catholic Syrian Bank Limited (CSB) Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

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.

Discussion on Catholic Syrian Bank Limited (CSB) Unlisted Shares:

17 Comments

relian

12:04 PM, 9 March 2021

BUYING CSB SHARE —-BEST OFFER —-

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Market Wizard

2:42 AM, 5 December 2019

Congrats to all who have invested in Pre-IPO shares of CSB limited on the UnlistedZone platform.

The CSB bank has given an absolute return of more than 50% on listing.

However, the journey is not over for us. The Pre-IPO has a lock-in period of one year. So we need to hold on till 04.12.2020. We are expecting good growth in bank in coming quarters which may eventually reflect in the bank share price. The street is upbeat on future prospects, so shall we.

Vallabh Bhansali, ace investor, leading investment banker, investor, the venture capitalist has invested close to 1.6% in CSB bank which itself suggests opportunity available for the bank to cash on. Apart from this bank has shown a good interest from Mutual funds and foreign funds as well.

We at Unlistedzone will keep updating the quarterly results, future good or bad news, and all the updates of CSB as soon as they file with regulatory authorities.

Once again we thank all of you to being a part of this journey from Pre-IPO to listing and hope we would remain as a community till lock-in or many more year.

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s saravanakumar

9:17 AM, 22 November 2019

i want to purchase

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s saravanakumar

9:16 AM, 22 November 2019

i need 100 shares of catholic syrian bank limited

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Papan Das

1:26 PM, 11 November 2019

Excellent & quick service from unlisted zone. Got some shares of catholic Syrian bank today. Really dependable & trustworthy

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Market Wizard

2:56 PM, 11 November 2019

Thanks for the Valuable comment.

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Market Wizard

7:54 AM, 7 November 2019

Flash News in respect of IPO:

There is an excellent response from large institutional investors. We expect IPO to be priced in the 200-210 range and see very good listing gains. Appreciate your placing your trust and making investments. You will see very good value unlocking on your investment over the next 2-3 years. Regards.

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VAIBHAV SUDHIR NAIK

4:58 PM, 4 November 2019

I want to purchase

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Market Wizard

2:51 AM, 13 August 2019

(i) The company has filed DRHP on 09.08.2019 with SEBI to bring IPO worth Rs. 400 Cr.

(ii) The Issue consists of Fresh Shares of 30 Cr and 370 Cr of OFS.

(iii) The likely price band would be 185-200.

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Market Wizard

2:49 AM, 29 April 2019

https://unlistedzone.com/csb-bank-annual-results-update-29-04-2019/

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Nikunj Khakhar

6:03 AM, 3 April 2019

i want to buy 30 qty up to 170 rs

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Market Wizard

11:57 AM, 28 March 2019

https://unlistedzone.com/fairfax-backed-catholic-syrian-bank-may-launch-%E2%82%B9400-crore-ipo-28-03-2019/

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Market Wizard

4:49 AM, 1 March 2019

The Company has got the approval of RBI on July 12, 2018 , to sell 51% stakes to FIH Mauritius Investments Limited.

FIHM- FIH Mauritius Investments Ltd (“FIH-M”) is an investment holding company incorporated under the laws of Mauritius. FIH-M’s objective is to achieve long-term capital appreciation while preserving capital, by investing in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India.

FIH-M is wholly owned by Fairfax India Holdings Corporation (“FIHC”), an entity listed on the Toronto Stock Exchange. Fairfax Financial Holdings Limited (“FFH/Fairfax”), through its subsidiaries (collectively the “Fairfax Group”), controls 93.7% of the voting shares of FIHC

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Subbiah

11:27 AM, 14 February 2019

I want to buy CSB share with qty 25. The price band 160-170. Demat share only.

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Market Wizard

12:38 PM, 4 January 2019

The Company Gross NPA in FY18 has increased to 7.89% as compared to 7.25% last year. The increase is due to slippages in education loan and stress in the cashew sector.

The Net NPA has gone down to 4.5% this year as compared to 5.5% last year.

Provision for NPA & write off was 191.1 crore in this year. During the current Financial Year CRAR of the Bank stood at 9.91% as against 12.15% as on 31.03.2017.

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Market Wizard

12:21 PM, 4 January 2019

The Catholic Syrian Bank Ltd. (Estd. 1920) is a full-service bank offering Neighborhood Banking, NRI Services, SME and Wholesale banking services through its 421 branches and 251 ATMs across the country? The bank is headquartered in Thrissur, Kerala.

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Market Wizard

12:19 PM, 4 January 2019

Reserve Bank of India, vide letter dated July 12, 2018, accorded its approval to FIH Mauritius Investments Ltd. (FIH-M) to acquire up to 51% of the post issued paid-up capital of the Bank through the primary issue of shares at Rs. 140 per share.

Fairfax India is a Canadian investment holding company that invests in public and private equity securities and debt instruments in India and Indian businesses or other businesses with customers, suppliers or business primarily conducted in, or dependent on, India. It is headquartered in Toronto, Canada, and trades under the symbol “FIH.UN” on the Toronto Stock Exchange.

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Catholic Syrian Bank Limited (CSB) Unlisted Shares