Market CSB Bank gets SEBI's go-ahead for IPO Updated : October 15, 2019 07:07 AM IST Kerala-based CSB Bank, formerly known as Catholic Syrian Bank, has received Sebi's go-ahead to float an initial public offering. Through the offer, CSB Bank is looking to raise fresh capital by issuing shares worth Rs 30 crore apart from an offer for sale of 1.98 crore shares by existing shareholders. Canadian billionaire Prem Watsa has a controlling stake in the bank which posted a loss of Rs 197.4 crore in the financial year 2018-19. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.