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CSB Bank makes stellar debut; shares surge 54%


The stock of CSB Bank surged as much as 53.9% on Wednesday to close the session at Rs 300.10 on the BSE.

The smart rally in CSB stock has pushed its valuation to 3.4 times of book value.

Kerala-headquartered CSB Bank made a stellar debut on the bourses on Wednesday as investors bet on its robust operational efficiencies along with healthy loan growth, which was largely driven by a strong gold loan portfolio. The stock of CSB Bank surged as much as 53.9% on Wednesday to close the session at Rs 300.10 on the BSE ...


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