CSB Bank Limited (erstwhile Catholic Syrian Bank Limited) is an Indian

private sector The private sector is the part of the economy, sometimes referred to as the citizen sector, 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 ...

bank with its

headquarters Headquarters (commonly referred to as HQ) denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the to ...

Thrissur Thrissur (), 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 third largest urban agglomeration in Kerala after Kochi and Kozhikode, and t ...

Kerala Kerala ( ; ) is a 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 regions of Cochin, Malabar, South Ca ...

, India. The bank has a network of over 560 branches and more than 390 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 Reserve Bank of India Act and the Bank became a

Scheduled Bank Scheduled Banks in India refer to those banks which have been included in the Second Schedule of Reserve Bank of India Act, 1934. Reserve Bank of India (RBI) in turn includes only those banks in this Schedule which satisfy the criteria laid down v ...

. The bank achieved Scheduled Bank - A Class, status by 1975. In Dec 2016, RBI allowed

Fairfax Financial Holdings Fairfax Financial Holdings Limited is a Canadian financial holding company based in Toronto, Ontario, which is engaged in property, casualty, insurance and reinsurance, investment management, and insurance claims management. The company operate ...

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 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.

Sponsorship

Kerala based

I-League The I-League (known as Hero I-League for sponsorship ties with Hero MotoCorp) is the second-tier men's professional football competition of the Indian football league system. It is currently contested by 12 clubs across the country with the wi ...

club

Gokulam Kerala FC Gokulam Kerala Football Club is an Indian professional football club based in Calicut, Kerala. Founded in 2017, the club competes in the I-League, the second tier of Indian football league system. They won the 2020–21 I-League to become th ...

is being sponsored by CSB Bank.

References

External links

CSB Bank Official Website

CSB 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

History

Sponsorship

See also

References

External links