RE:RE:The connectedness of Prem Watsa in Indiavinebills wrote: CSB is a no brainer - i know the indian banking sector very very well, dad was a banker. If run well it is a cash cow - take a look at HDFC bank.
Prem needs to kick some rear and this will be the crown jewel 5 yrs down the lane.
( Most banks dont do well because they are mismanaged, those that are well managed like HDFC bank......mint money)
I am a buyer around these levels in small chunks.....under 10 ready to bet my farm on this one for sure!
I agree Indian financials is where you want to be for the next ten years.
The CEO of CSB has an interesting record of being a bit of a hard case. I was googling him a little and it turns out that as the head of a bank previously, he was involved in getting people to congregate outside of the homes of those who had not paid back their loans, trying to shame/bother them enough to convince them to pay back their loans. This is how it is done in India I guess. Prem has kept him in place and I think I see why.