NSENews Verification15 Oct 2026 · 15 Oct 2026, 04:34 pm
News Verification
CSB Bank Limited · CSBBANK
✦ AI SummaryRegulatory
CSB Bank Limited responded to a clarification sought by the National Stock Exchange (NSE) regarding a news item about a potential merger with IDBI Bank after a deal with Fairfax. The bank stated it was not aware of the background of the news item and had no information about the matters reported therein.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk3/10
Liquidity Impact6/10
Market Sentiment5/10
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Full Announcement
The Exchange has sought clarification from CSB Bank Limited with respect to recent news item captioned CSB Bank merger with IDBI Bank likely after Fairfax deal. The response from the Company is attached.
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SEC/254/2026 October 15, 2026
The Chief Manager,
Surveillance Department,
National Stock Exchange of India Ltd.,
Exchange Plaza, 5th floor,
Bandra-Kurla Complex,
Bandra (E), Mumbai – 400051.
Scrip code: CSBBANK
Dear Sir/Madam,
Sub: Clarification / Confirmation on news item appearing in “Media/ Publication”
Ref: NSE E-mail and letter dated October 15, 2026, seeking clarification under Regulation 30 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations”)
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This has reference to your letter No. NSE/CM/Surveillance/17717 dated October 15, 2026, seeking
clarification on the news item appeared on the website ‘www.livemint.com’ on October 15, 2026,
captioned “CSB Bank merger with IDBI Bank likely after Fairfax deal.”
In this regard, we would like to categorically state that the Bank is not aware of the background of the
said news item or the factual correctness thereof the contents. Further the Bank has no information
regarding the matters reported therein and is not involved in any negotiations and discussions, or
events, or developments of the nature referred to in the news item.
With specific reference to the queries raised by the Exchange, our responses are set out below:
a) Whether such negotiations/events were taking place? If so, provide the said information along
with the sequence of events in chronological order from the start of negotiations/events till date.
Response: The Bank has no information regarding any negotiations, discussions or events referred to
in the aforesaid news item relating to the Bank. Consequently, the question of providing a sequence
of events does not arise.
b) Whether the Company is aware of any information that has not been announced to the Exchanges
which could explain the movement in trading, if any? Further, provide the said information and the
reasons for not disclosing the same to the Exchange earlier as required under Regulation 30 of the
SEBI (LODR) Regulations, 2015.
Response: No
c) The material impact of this article on the Company.
Response: Since the Bank is not aware of the basis of the news item and the matters referred to
therein, it is not in a position to comment on the material impact on the Bank.
CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India.
Tel: +91 487–2333020 | Fax: +91 487–2338764 | Website: www.csb.bank.in | Email: secretarial@csb.bank.in |CIN: L65191KL1920PLC000175
We assure you that the Bank will continue to promptly notify the exchanges of all events, information,
and actions that requires disclosure under the Listing Regulations.
We trust the above adequately clarifies the matter.
Kindly take the same on records.
Thanking You,
Yours faithfully,
Sijo Varghese
Company Secretary
CSB Bank Limited Regd. Office: CSB Bhavan, St. Mary's College Road, Thrissur – 680020, Kerala, India.
Tel: +91 487–2333020 | Fax: +91 487–2338764 | Website: www.csb.bank.in | Email: secretarial@csb.bank.in |CIN: L65191KL1920PLC000175