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CSB Bank

#6066

Rank

$713.3M

Marketcap

IN India

Country

CSB Bank
Leadership team

Mr. Pralay Mondal (MD, CEO & Director)

Mr. Rajesh Choudhary (Chief Information & Technology Officer)

Mr. B. K. Divakara A.C.A., A.C.M.A., A.C.S., BBM (Chief Financial Officer)

Products/ Services
Banking, Financial Services, Venture Capital
Number of Employees
1,000 - 20,000
Headquarters
Thrissur, Kerala, India
Established
1920
Company Registration
SEC CIK number: 0001499849
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
CSBBANK.NS
Social Media
URL
https://www.csb.co.in
Overview
Location

Summary
History
Mission
Vision
Key Team
Recognition and Award
References
Summary
CSB Bank Limited provides various banking products and services for small and medium enterprises, retail, and NRI customers in India. It operates through four segments: Treasury, Corporate/Wholesale Banking, Retail Banking, and Other Banking Operations. The company accepts various deposits products that include savings accounts, NRO, NRE, FCNR, and RFC accounts, fixed deposits, recurring deposits, corporate salary, and current accounts, as well as products for NRI customers; personal and business loans, including loans against gold jewelry, two wheeler and motor vehicle loans, housing loans, loan against property and overdrafts on mortgage/hypothecation/pledge, small business loans, and agricultural loans; and microfinance. It also offers demat services; safe deposits lockers; banking services to financial institutions, such as non-banking financial companies, banks, insurance companies, mutual funds, brokers, etc.; cash management and trade finance services; digital banking services; statutory reserves and asset liability management, liquidity management, investment and securities trading, and money market and foreign exchange services; sovereign debt instruments investment services; commercial papers, mutual funds, certificates of deposits, bonds, and debentures; remittance services; life and non-life insurances; and payment services, as well as debit and credit cards. In addition, it provides agri-banking services; and corporate lending services. As of March 31, 2022, the company operated 609 branches, which included 3 service branches, 3 asset recovery branches, and 459 ATMs/CRMs. The company was formerly known as The Catholic Syrian Bank Limited and changed its name to CSB Bank Limited in June 2019. CSB Bank Limited was incorporated in 1920 and is headquartered in Thrissur, 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 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 acquired 51% of the bank for Rs.1180 Crores.The terms of investment includes a mandatory 5-year lock-in period and 15-year time period to pare the stake in multiple tranches as per RBI's norms.As of March 2019, the bank had significant presence in Maharashtra, Tamil Nadu, Kerala and Karnataka with a customer base of nearly 1.3 million people and it’s 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.

Mission
To provide quality banking services with good customer care, create value for all stakeholders and continue as a responsive corporate social citizen.
Vision
To emerge as a 'Preferred Bank' by pursuing global benchmarks in profitability, operational efficiency, asset quality, risk management and expanding the global reach.
Key Team

K. Chandrasekhar (Head of Operations)

Mr. P. V. Antony (Gen. Mang. of Accounts)

Mr. Vincy Louis Pallissery (Chief Compliance Officer)

Ms. C. T. Valsa (Chief Law Officer)

Mr. Harsh Kumar B.E. (Chief Human Resource Officer)

Mr. Rabin Rajeev Stephen (Head of SME Strategy)

Mr. B. Jayachandran (Head of Product Management & Retail Loans - South India)

Recognition and Awards
CSB Bank has various awards and recognitions such as ‘Best CSR Bank’ Award from India by Banker Awards in 2019, ‘Performance Excellence Award – 2018’ from Gold Coast, India’s Leading Bank at BFSI Awards 2019, ‘Best Regional Bankin Kerala’ by of CNBC India, ‘Asia’s Best Banker’s Award 2017’ from The Asian Banker, and many more.
References

https://en.wikipedia.org/wiki/CSB_Bank

https://in.investing.com/equities/csb-bank-ltd

https://www.comparably.com/companies/canara-bank/mission

https://www.crunchbase.com/organization/catholic-syrian-bank

https://finance.yahoo.com/quote/CSBBANK.NS/history/

https://www.csb.co.in

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CSB Bank
Leadership team

Mr. Pralay Mondal (MD, CEO & Director)

Mr. Rajesh Choudhary (Chief Information & Technology Officer)

Mr. B. K. Divakara A.C.A., A.C.M.A., A.C.S., BBM (Chief Financial Officer)

Products/ Services
Banking, Financial Services, Venture Capital
Number of Employees
1,000 - 20,000
Headquarters
Thrissur, Kerala, India
Established
1920
Company Registration
SEC CIK number: 0001499849
Net Income
20M - 100M
Revenue
100M - 500M
Traded as
CSBBANK.NS
Social Media
URL
https://www.csb.co.in