Catholic Syrian Bank

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The Catholic Syrian Bank (CSB) was established in the year 1920 in the region of Thrissur in the state of Kerala. The main headquarters of the bank is located in the city of Thrissur. The bank started its operations from the first of January in the year 1921 and since then, it has spread its branches and become a reputed name in the banking industry. When the bank started its operations, it had an initial authorized capital of ` 5 lakh while the paid up capital amount was around ` 45,270. Since then, the bank has significantly increased its operations and today it has around 334 branches and around 125 ATMs. The net profit of the bank now amounts to around ` 36.56 crore. Around 80% of the branches of the bank are located in the rural and semi urban areas of the country.

Growth of 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:
  • Insurance
  • Personal Banking
  • Loan and financial services
  • Advances
  • NRI services
All these segments take care of the needs and preferences of the customers and also keep pace with the changing trends of the market.

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
In addition to these, the bank also offers loans and advances for NRIs who wish to set up business and commercial bases in India. Some of them are:
  • 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.

Personal loans

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.

Car Loans

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
CRAR 12.29
Net NPA Ratio 2.39

Last Updated on April 24, 2015