CSB stands for Catholic Syrian Bank. It is one of the first private banks to open in India, which was founded in Thrissur, Kerala, in 1920. The bank was founded with a paid-up capital of INR 45,270 lakhs and an authorised capital of INR 5 lakhs. It was established to offer banking and financial services. The bank had only one branch in Kerala, but in 1972 it launched its first branch in Mumbai's Chembur district.
The Reserve Bank of India (RBI) proposed to include this in the second schedule of the RBI Act in 1969. Following this, the Catholic bank was given the designation Scheduled bank of India in 1975. The same year, the bank also started conducting business abroad. Currently, the bank operates 468 ATMs nationwide, in addition to over 609 locations.
When CSB bank was first established, the goal was to offer customers banking services. However, the bank gradually began to provide financial services as well. Some services provided by CSB are:
Personal Banking
Loan and Mortgage
Forex Services
Insurance
Mutual Funds
NRI Banking
Agri Banking
Corporate Banking
Remittance Services
Demat & Trading
CSB was officially opened on 1 January 1921.
Fairfax Financial is the owner of CSB.
Shri. Pralay Mondal is the Managing Director & CEO of CSB.
CSB changed its name from Catholic Syrian Bank to Catholic Syrian Bank Limited on 10 June 2019.
Ms. Bhama Krishnamurthy is the chairman of CSB.