CSB Bank Limited (erstwhile Catholic Syrian Bank Limited)
is an Indian
private sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government.
Employment
The private sector employs most of the workfo ...
bank with its
headquarters
Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...
at
Thrissur
Thrissur (, ), Renaming of cities in India, formerly Trichur, also known by its historical name Thrissivaperur, is a city and the headquarters of the Thrissur district in Kerala, India. It is the List of most populous urban agglomerations in Ke ...
,
Kerala
Kerala ( , ) is a States and union territories of India, state on the Malabar Coast of India. It was formed on 1 November 1956, following the passage of the States Reorganisation Act, by combining Malayalam-speaking regions of the erstwhile ...
, India. The bank has a network of over 785 branches and more than 746 ATMs across India.
History
CSB was founded on 26 November 1920, and opened for business on 1 January 1921 with an authorized capital of ₹ 5 lakhs and a paid-up capital of ₹ 45,270.
In 1969, it was included in the Second Schedule of the Reserve Bank of India Act and the Bank became a
Scheduled Bank. The bank achieved Scheduled Bank – A Class, status by 1975.
In Dec 2016, RBI allowed
Fairfax Financial Holdings to acquire 51% of the bank and in Feb 2018, Fairfax India (via FIH Mauritius Investments Ltd) acquired 51% of the bank for Rs.1180 Crores.
The terms of investment include a mandatory 5-year lock-in period and 15 years to pare the stake in multiple tranches as per RBI's norms.
As of March 2019, the bank had a significant presence in Maharashtra, Tamil Nadu, Kerala and Karnataka with a customer base of nearly 1.3 million people and its credit portfolio focused on agriculture, MSMEs, education, and housing.
The bank went public on Dec 4, 2019 and the shares are listed in BSE and NSE.
Sponsorship
Kerala based
I-League
The I-League is the men's second professional football division of the Indian football league system behind the Indian Super League. Administered by the All India Football Federation, it is currently contested by 13 clubs. It operates as a s ...
club
Gokulam Kerala FC is being sponsored by CSB Bank.
See also
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Banking in India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. ...
*
List of banks in India
*
Reserve Bank of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Min ...
*
Indian Financial System Code
*
List of largest banks
The following are lists of the largest commercial banks in the world, as measured by total assets and market capitalization.
By total assets
This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest b ...
*
List of companies of India
India is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous country (with over Demographics of India, 1.4 b ...
*
Make in India
References
External links
CSB Bank Official WebsiteCSB NetBanking
{{Banking in India
Banks established in 1920
Banks based in Thrissur
Private sector banks in India
Indian companies established in 1920
Companies listed on the National Stock Exchange of India
Companies listed on the Bombay Stock Exchange