As Dalal Street predicted a few years ago this is a takeover target for a foreign bank trying to enter this country.
ICICI Bank with a 20% holding in 2004 was unable to take it over. Something went wrong with their approach and it failed at the very last stage.
Now Federal bank is trying to takeover CSB?
Traders are not greatly interested in this counter as the daily figures show, however there is enough movement on a daily basis to keep many active at this counter.
DISCLAIMER: I hold over 4000 shares and I am a long term investor
| NIFTY 
