Catholic Syrian Bank Ltd. Introduction
To begin with, Catholic Syrian Bank Ltd. formerly known as CSB Bank Ltd. came into incorporation in 1920. Significantly, this Kerala based bank remained as one of the longevous private sector banks in India. Ultimately, it has a notable presence in Kerala, Karnataka, Tamil Nadu, and Maharastra.
Also, the company has a contractual arrangement to distribute life insurance products of HDFC, Edelweiss Tokio, and ICICI Prudential Life Insurance Company Ltd, and insurance products of Reliance General Insurance Company Ltd.
Significantly, the bank has 1.3 million customers, who majorly belong to Retail, SME and NRI segments. It also possesses a huge product and services range. Subsequently, they carry out delivery through multiple channels such as 277 ATMs, 414 branches and other micro ATMs. Also, provides internet banking, debit cards, mobile banking, UPI and POS (Point of Sale). CSB Bank has a presence across 16 states and 4 UTs (Union Territories).
Four business areas of Catholic Syrian Bank Ltd.
- SME Banking
Generally, in this business area, the bank provides services to vendors, allied businesses, and agriculture. Additionally, it ensures services to financial institutions and dealers of corporates. Besides, the products afforded in this category include working capital loans, letters of credit, term loans, bank guarantees and invoice/bill discounting.
- Wholesale Banking
Significantly, CSB Bank satisfies the business needs of large & mid-size corporates. Additionally, the bank possesses business entities of Rs 250 million. Moreover, it has more credit requirements under the Wholesale Banking category.
- Retail Banking
Similarly, this business area provides retail lending and deposit products to retail and NRI customers. Also, it lends vehicle loans, gold loans, loans against properties, educational loans, agricultural loans, personal loans, and housing loans to retail and NRI customers. Besides, the deposit products include corporate salary accounts, recurring deposits, savings accounts, current accounts, and fixed deposits.
- Treasury Operations
Above all, in Treasury Operations, the bank trades with asset-liability management, statutory reserves management. As well as trading & investment of securities, foreign exchange, and liquidity management activities. Also, this category focuses on maintaining liquidity requirements to comply with the CRR (Cash Reserve Ratio) and SLR (Statutory Liquidity Ratio) corresponding with RBI Mandates.
- Firstly, it has a strong network and a well-known brand in all over South India.
- Especially, it has a significant capital base.
- Furthermore, its establishment of the SME business model adds up to its strengths.
- Also, provides a major portion of gold loans in the portfolio.
- Its significant prudent risk management controls, policies, and procedures included in the strengths
Presently, the bank is assisted by FIH Mauritius Investments Ltd. (“FIHM”).
|Details||For the year/period ended (₹ in Million)|
|Profit After Tax||442.72||(656.89)||(1,270.88)||(579.91)|
Company Contact Information
CSB Bank Ltd.
CSB Bhavan, Post Box No. 502,
St. Mary’s College Road,
Thrissur – 680 020
Phone: +91 487 2333 020
Email: [email protected]