#mystockpitch $CSB Bank Ltd

-Owned by Prem Watsa (cost Rs140/sh), under the advisory of Deepak Parekh.
- Hired almost all exe who are Ex-HDFC Bank like Pralay Mondal
- Added Board member like Sudhin Choksey (ex- Gruh), and 1 from PWC
- The new mgmt started cleaning the Books which led to high write-offs and provisions initially.
- Previously the employees were on the IBA pay scale, now started recruiting on a contractual basis which led to cost reduction.
- Branch expansion began across geographies. Currently, there are around 500+ branches and they are planning to take it to 1000 in 5 years.
- hiring from Axis Bank and Bajaj Finance was done to introduce new product lines e:g Bike loan, etc

Excellent numbers
- CAR:20%, Net NPA:2.63% (mainly gold loans hence very less write-off), NIM: 5.22%, ROA: 2.02%, ROE:22.96%, excess prove than required.

with just 5K cr MCAP, downside is protected with strong fundamentals.

Long way to go.
ide