CSB Bank hits lowest level since listing; tanks 30% from December high

Shares of CSB Bank (formerly known as Catholic Syrian Bank) were trading lower for the seventh straight day, down 3 per cent at Rs 210, on the BSE on Wednesday. The Kerala-based bank was trading at its lowest level since its listing on December 4, 2019.

CSB Bank had made a strong debut at the bourses, soaring 54 per cent over its issue price of Rs 195 at Rs 300. The stock has erased almost all its listing gain, and is now trading 8 per cent higher against the issue price.

In the past seven trading days, the stock has slipped 13