CSB Bank seeks clarity on group transactions2 min read . Updated: 21 Nov 2019, 12:06 AM IST
- CSB has asked RBI if it can do biz with firms such as Thomas Cook India and IIFL Holdings, where Fairfax owns stakes
- Under RBI regulations, Fairfax can hold on to its 51% stake in the bank for the first five years
MUMBAI : CSB Bank Ltd, controlled by Canadian billionaire Prem Watsa, has sought clarity from the Reserve Bank of India (RBI) on whether it can transact with companies linked to its promoter, the bank’s chief executive C.V.R. Rajendran said.
Select your Category