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CSB Bank hits new lifetime low of Rs 194.65, falls below issue price

Foreign portfolio investors (FPIs), alternative investment funds, financial institutions/banks and insurance companies have reduced their stake in the bank post its listing

Catholic Syrian Bank, CSB, Fairfax, Prem Watsa, OPSB, SMEs
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Catholic Syrian Bank

SI Reporter Mumbai
Shares of recently-listed CSB Bank continued to remain under pressure and dipped 1.7 per cent to Rs 194.65 on the BSE on Tuesday. The stock has thus fallen below its issue price of Rs 195. 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 at Rs 300, a 54 per cent premium to its issue price. The stock has since erased all its listing gains, and tanked 38 per cent from its life-time high of Rs 314, touched on the second day of

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