- I don’t think there is any moat. Banking industry is quite vanilla in nature itself. The point in favor of CSB bank is small market cap and small geographical presence and thus a headroom for growth. Under the leadership of Pranoy Monday(2022-present), bank has aspirations of going pan India which should inevitably bring growth at such low market cap.
Kerala - 30%
Tamil Nadu - 29%
Maharashtra - 23%
Karnataka - 5%
Others - 14%
Recent partnership with Jupiter (5M playstore downloads) shows intent in the areas of modernization
On the other hand, CSB bank’s own apps look lackluster.
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