Tag: indian banking

  • CSB deal: Fairfax to reap Rs130cr windfall from Re fall

    CSB deal: Fairfax to reap Rs130cr windfall from Re fall

    Fairfax-CSB deal scheduled to be closed in Sept KOCHI: The wait for the Fairfax-CSB deal may seem to have gone a bit long for many. But for Fairfax, it has paid rich dividends as it will be required to shell out fewer dollars than it would have paid otherwise. If the rupee-dollar exchange market remains […]

  • Thrissur bank’s volte-face on MD’s stock option

    Thrissur bank’s volte-face on MD’s stock option

    Board wants MD’s stock option with no strings attached   KOCHI: Why on earth does the Catholic Syrian Bank (CSB) management seek to do away with the conditions attached to the stock option offered to the bank’s managing director (MD) & CEO, involving an exchange of 16.19 lakh shares at Rs75 per share? It is […]

  • CSB may post about Rs15 cr loss for Q1

    Trissur: Even as the management and the shareholders of the beleaguered Catholic Syrian Bank (CSB) are raring to embrace a golden era with investments from Fairfax are expected to prop up the bank’s fund base any time now, the nine-decade-old Trissur-based bank seems to have met with yet another miscarriage on its first quarter performance […]

  • Retail yet to shape up for South Indian Bank

    Retail yet to shape up for South Indian Bank

    KOCHI: What is ailing South Indian Bank (SIB), which is considered to be a decent bank and that has not been in the midst of any controversies in the recent past? But investors and the bank’s existing shareholders have started taking notice of the developments in the bank and its performance as they have valid […]

  • At last, those 82 CSB officers got confirmed

    At last, those 82 CSB officers got confirmed

    KOCHI: At last, the whole bunch of 82 Catholic Syrian Bank (CSB) officers, who lived on the verge of being thrown out of the job for more than two years, got confirmed.

  • For Dhanlaxmi, corporates will take a ‘backseat’ now

    For Dhanlaxmi, corporates will take a ‘backseat’ now

    Managing director eyes 15-20pc growth in current year KOCHI: Dhanlaxmi Bank, working hard to ward off the spectre of intermittent loss-making quarters, seems to have shifted its focus more on to retail portfolio as part of the new thinking in the board. The bank, which posted losses of Rs17.16 crore for the quarter ending March […]