Background and Regulatory Context
The clarification was triggered by a BSE email (Letter No. L/SURV/ONL/RV/SG/(2026-2027)/110) dated October 15, 2026. The exchange sought clarification on a news item published on the same date on the website 'www.livemint.com' with the caption "CSB Bank merger with IDBI Bank likely after Fairfax deal." The query was prompted by observed movement in the trading of the company's securities.
Company's Response to Specific Queries
a) Existence of Negotiations/Events:
The bank categorically stated that it has "no information regarding any negotiations, discussions or events referred to in the aforesaid news item." It further clarified that the question of providing a chronological sequence of events does not arise.
b) Awareness of Undisclosed Information:
The bank explicitly answered "No" to the query of whether it was aware of any information that had not been announced to the exchanges which could explain the trading movement.
c) Regulatory/Legal Proceedings:
The bank confirmed it is "not aware of any regulatory/legal proceedings" related to the matter.
Key Assertions and Commitments
CSB Bank asserted that it is "not involved in any negotiations and discussions, or events, or developments of the nature referred to in the news item." The bank assured the exchange that it will "continue to promptly notify the exchanges of all events, information, and actions that requires disclosure under the Listing Regulations."