Watsa’s Fairfax keen to hold on to stake in CSB

Promoters of CSB Bank, the Fairfax Group owned by Canadian billionaire Prem Watsa, would like to hold onto their 51% stake in the bank for as long as possible and increase it if allowed, the bank’s CEO said. The RBI last month relaxed shareholding norms for private banks by doing away with intermediate milestones and increasing the maximum long-term shareholding to 26% from 15% https://ift.tt/3GBW9Sv