RBI approves SBI funds to acquire shares upto 10% of the paid up capital of CSB Bank . CSB Bank announced that RBI , vide letter dated 22 July 2020 , has conveyed its approval to SBI Funds Management to acquire shares upto 10% of the paid up capital of the bank through various schemes of SBI Mutual Fund. Stock gains 3% after total deposits up by 7.5% in Q1 result which was declared on 24 july 2020 .
CSB have support at 168 and resistance at 213 .One can buy CSB Bank between 198/200 with the TGT of 210/220 and SL below 180. Once TGT of 210 achieved traders are advised to trail sl to cost for tgt of 220.
By : ROOPALI VAISH
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