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Fairfax-backed CSB Bank taps offshore investor for fresh capital

Finance

07 November, 2024

Fairfax-backed CSB Bank taps offshore investor for fresh capital

CSB Bank Ltd, the Indian private-sector lender controlled by Canadian investment firm Fairfax, is set to raise $100 million (around ......

Government unlikely to sell stake in IDBI Bank this fiscal

Finance

16 November, 2023

Government unlikely to sell stake in IDBI Bank this fiscal

The Indian government does not expect to conclude the sale of IDBI Bank by the end of the financial year ......

RBI evaluates Fairfax-backed bank, other potential bidders for IDBI Bank

Finance

13 April, 2023

RBI evaluates Fairfax-backed bank, other potential bidders for IDBI Bank

The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority ......

Chief of Fairfax-controlled CSB Bank takes early retirement

Finance

08 January, 2022

Chief of Fairfax-controlled CSB Bank takes early retirement

The chief of Fairfax-controlled CSB Bank, CVR Rajendran has decided to step down from March end this year citing health ......

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CSB Bank chief CVR Rajendran on transforming into a new private sector bank

Finance

01 February, 2021

CSB Bank chief CVR Rajendran on transforming into a new private sector bank

Fairfax-controlled CSB Bank, earlier known as Catholic Syrian Bank, is preparing to play a larger role in the country’s banking ......

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How former Fairfax exec Harsha Raghavan is shaping Convergent Finance

Finance

30 October, 2020

How former Fairfax exec Harsha Raghavan is shaping Convergent Finance

Many successful investors often talk about time in the markets, instead of timing the markets, to earn high returns on ......

US hedge fund, SBI MF get nod to raise stake in IndusInd Bank, CSB Bank

Finance

24 July, 2020

US hedge fund, SBI MF get nod to raise stake in IndusInd Bank, CSB Bank

The Reserve Bank of India has allowed two shareholders of IndusInd Bank and CSB Bank to increase their individual stakes ......

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Former Fairfax exec's PE fund Convergent makes maiden banking bet

Finance

20 July, 2020

Former Fairfax exec's PE fund Convergent makes maiden banking bet

A private equity firm floated by former Fairfax India executive Harsha Raghavan has struck its first deal in the financial ......

Axis Bank ED Pralay Mondal quits, may lead another lender

Finance

16 June, 2020

Axis Bank ED Pralay Mondal quits, may lead another lender

Pralay Mondal, executive director for retail banking at Axis Bank, has resigned his position at the private-sector lender and maybe ......

Fairfax-controlled CSB Bank jumps 41% on trading debut

Finance

04 December, 2019

Fairfax-controlled CSB Bank jumps 41% on trading debut

CSB Bank, formerly Catholic Syrian Bank, made a strong stock-exchange debut on Wednesday with its shares listing at a 41% ......