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The Kerala-based bank has been chasing costly and risky bulk term deposits amid tanking profitability.

Last week, Indian-born Canadian billionaire Prem Watsa lost Rs 782 crore in just two hours. Along with other shareholders of Watsa-backed CSB Bank, as the stock of the Thrissur-based private sector lender fell by 18% during those hours.
The drop was reportedly triggered by the bank’s results for the December quarter. In fact, the stock has tanked by over 24% since the results were announced, shedding a quarter of its market value in just four days. At the receiving end are the numerous investors of CSB Bank—1.13 million retail shareholders, 13 mutual funds and 16 alternative investment funds, among others. …