Our positioning as a competition to the NBFCs and not the bigger banks impressed investors, says Rajendran
The bank's Rs 410-crore initial public offering (IPO) was subscribed a whopping 86.89 times last month.
CSB Bank's total market value has soared to Rs 5,205 crore, compared to Rs 3,382 crore at the IPO price
Rajendran's current tenure was slated to end on December 9, 2019