Catholic Syrian Bank
In the year 1969, the Catholic Syrian Bank was granted the status of a Scheduled Bank while in the year 1975, it was adjusted as the 'A' Class Scheduled Bank after the deposits became more than ` 25 crore. In addition to the domestic branches, there are around 5 NRI branches of the bank as well as 5 Industrial Branches, 5 SSI Branches and 4 Service Branches. All these branches work in coordination with each other and offer the high class facilities and services.
Ranking among the well known private banks in India, the Catholic Syrian Bank is an organization that is preferred by lots of customers across the country. It offers a number of customized solutions and services of high standards to fulfill the needs and preferences of the customers and help them to enjoy financial stability. The Catholic Syrian Bank has a strong presence in the rural areas in India and is a well known financial organization related to the agricultural sector.
Products and services of Catholic Syrian Bank
The products and services of the Catholic Syrian Bank are meant to provide utmost customer satisfaction. By being a customer of the bank, one can be assured of financial stability and high returns. Some of the well known segments under which the services of the bank are based are:
- Personal Banking
- Loan and financial services
- NRI services
Insurance is a major part of the products and services of Catholic Syrian Bank. There are long term insurance benefits as well as short term insurance benefits. One can avail car insurance, health insurance, housing insurance and lots more from the bank. Some of the popular insurance products that are offered:
- Classic Life Premier
- Simply Life
- Supreme Life
- Children's Dream Plan
- CSB Health Care Support
- CSB Travel Support Scheme
NRI facilities and services of Catholic Syrian Bank
To increase its overseas presence, the Catholic Syrian Bank offers a number of high class services and financial solutions to the Non Resident Indians. Most of the banking transactions are carried online which makes it more hassle free, easy and convenient. Some of the well known accounts which are offered by the bank are:
- FCNR Account
- RFC Account
- NRO Account
- NRE Account
- Both short term and long term loans in lieu of the term deposits for purposes other than undertaking any types of investments in the country.
- One can also get loans for taking flats or houses in any part of the country.
- Loans are also provided against the shares and other forms of securities and various categories of immovable properties However, agricultural land or farm houses should not be included.
- Loans are provided in lieu of the Resurgent India Bonds (RIBs). The loans are provided for business purposes or personal requirements
- Housing loans are provided for the acquisition and modernization, repairs and renovation purposes.
Under the category of Catholic Syrian Bank Ltd personal loans, there are NRI loan services.
Here loans are issued to NRIs against NRIs term deposits held with the Catholic Syrian Bank. These loans may be used for acquiring residential accommodation in India.
Catholic Syrian Bank Ltd also issues loans to NRIs against immovable property (of specified category), shares and securities. These loans can be used for purposes specified by the bank.
NRI loans from Catholic Syrian Bank are also issued against Resurgent India Bonds.
Housing loans granted to NRIs by Catholic Syrian Bank Ltd may be used for the purpose of acquisition, modernization, repair and renovation of houses.
'Casy Mithra' also falls under the category of Catholic Syrian Bank Ltd personal loans. The maximum loan amount sanctioned under this project is ` 25.00 lakh and the minimum loan amount is ` 0.50 lakh. Salaried individuals are eligible for this loan, however there are a host of conditions governing the loan.
Catholic Syrian Bank Ltd Car Loans are available under the VIP Car Loan scheme and the ordinary Car Loan scheme.
VIP Car Loans from Catholic Syrian Bank Ltd are extended to clients having funded limits greater than or equal to ` 25 lakhs. Car loans in this category are also extended to clients having term deposits greater than or equal to ` 25 lakhs. A host of other conditions also govern the terms and condition of loans extended under this category.
Under the general car loan scheme of Catholic Syrian Bank Ltd, vehicles like car, jeep or van can be procured for personal use. Loans here are extended to persons with requisite amount of income or assets, which guarantee the regular loan repayment capacity of the borrower.
It may be noted that, Gold Loans from Catholic Syrian Bank Ltd belong to the general category. Finances are available for gold purchases up to ` 750.00 for each gram. Special rates are available for Hallmarked gold. This Gold Loan scheme is also known as Kanakashree.
Catholic Syrian Bank Education loans are available for financing studies in India and abroad.
Catholic Syrian Bank Home Loans are also available for Indian residents.
The Catholic Syrian Bank Ltd loans are, thus, available for a number of categories and carry attractive terms and conditions .
Official Website of Catholic Syrian Bank
Catholic Syrian Bank Informational Data
|Name of Bank||Catholic Syrian Bank|
|No. of Offices||360|
|No. of Employees||2676|
|Business per Employee (in ` Lakh)||374.00|
|Profit per Employee (in ` Lakh)||1.39|
|Interest Income (in ` Crore)||557|
|Other Income (in ` Crore)||100|
|Interest Expended (in ` Crore)||391|
|Operating Expenses (in ` Crore)||187|
|Return on Assets||0.57|
|Net NPA Ratio||2.39|
Last Updated on April 24, 2015