CSB Bank
{{Short description|Indian bank}}
{{Use dmy dates|date=August 2020}}
{{Use Indian English|date=June 2013}}
{{Infobox company
| name = CSB Bank Limited
| logo = CSB_Bank_New_Logo-02.svg
| image =
| image_size =
| image_alt = CSB Bank head office
| image_caption = CSB Bank Head Office
| former_name = Catholic Syrian Bank Limited
| type = Public
| traded_as = {{Unbulleted list|{{BSE|542867}}|{{NSE|CSBBANK}}}}
| industry = Banking
Financial services
| founded = {{Start date and age|1920|11|26|df=yes}}
| key_people = Pralay Mondal
({{small|MD & CEO}})
| products = Consumer banking, Corporate banking, Mortgage loans, Private banking, Wealth management, Investment banking
| revenue = {{increase}}{{INRConvert|34500|c}} (2021)[https://www.csb.co.in/sites/all/themes/csb/annual-report-2020-21/files/full-report.pdf "Balance Sheet 31.03.2021"].
| operating_income = {{increase}} {{INRConvert|613|c}} (2021)
| net_income = {{increase}} {{INRConvert|2273|c}} (2017)
| assets = {{increase}}{{INRConvert|47836.27|c}} (2025)
| equity =
| owner = Fairfax Financial
| num_locations = 654 branches
| num_locations_year = 2022 -23
| location = Thrissur, Kerala, India
| parent =
| homepage = {{url|www.csb.co.in/}}
}}
CSB Bank Limited (erstwhile Catholic Syrian Bank Limited){{cite web|url=https://khelnow.com/football/i-league-2021-22-shirt-sponsors-every-club|title=I-LEAGUE: Introducing shirt sponsors of every I-league club for 2021–22 season|website=khelnow.com|publisher=Khel Now|date=21 January 2022|access-date=26 February 2022|first=Waseem|last=Zaidi|archive-url=https://web.archive.org/web/20220122125039/https://khelnow.com/football/i-league-2021-22-shirt-sponsors-every-club|archive-date=22 January 2022}} is an Indian private sector bank with its headquarters at Thrissur, Kerala, India. The bank has a network of over 785 branches and more than 746 ATMs across India.{{cite news|title=RBI lets Watsa's Fairfax to buy 51 per cent in Catholic Syrian Bank|url=https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-lets-watsas-fairfax-to-buy-51-per-cent-in-catholic-syrian-bank/articleshow/56260554.cms|access-date=15 January 2017|work=The Economic Times|date=30 December 2016}}{{cite news|title=Canadian firm gets RBI nod to acquire Catholic Syrian Bank|url=https://www.newindianexpress.com/states/kerala/2017/jan/01/canadian-firm-gets-rbi-nod-to-acquire-csb-1554932.html|access-date=15 January 2017|work=The New Indian Express}}
History
CSB was founded on 26 November 1920,[http://finance.indiamart.com/investment_in_india/catholic_syrian_bank.html Catholic Syrian Bank, Private Sector Banks In India] {{webarchive|url=https://web.archive.org/web/20070622085102/http://finance.indiamart.com/investment_in_india/catholic_syrian_bank.html |date=22 June 2007 }} and opened for business on 1 January 1921 with an authorized capital of ₹ 5 lakhs and a paid-up capital of ₹ 45,270.{{citation needed|date=December 2019}}
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.{{Cite news|last=Saha|first=Manojit|date=2019-08-13|title=Fairfax India gets 15 years to lower stake in CSB Bank to 15%|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Economy/fairfax-india-gets-15-years-to-lower-stake-in-csb-bank-to-15/article29086474.ece|access-date=2022-01-10|issn=0971-751X}}
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.{{Cite news|title=CSB Bank IPO review: CSB Bank IPO opens today; here's what you need to know|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/ipos/fpos/csb-bank-opens-today-heres-what-you-need-to-know/articleshow/72177400.cms|access-date=2022-01-10}}
Sponsorship
Kerala based I-League club Gokulam Kerala FC is being sponsored by CSB Bank.{{cite web|date=6 January 2021|title=CSB Bank becomes Gokulam Kerala FC's official sponsor|url=https://www.gokulamkeralafc.com/csb-bank-becomes-gokulam-kerala-fcs-official-sponsor/|access-date=2021-05-31|website=Gokulam Kerala FC|language=en-US|archive-url=https://web.archive.org/web/20210106131215/https://www.gokulamkeralafc.com/csb-bank-becomes-gokulam-kerala-fcs-official-sponsor/|archive-date=6 January 2021}}
See also
References
{{reflist}}
External links
- [http://www.csb.co.in/ CSB Bank Official Website]
- [https://www.csbnet.co.in/ CSB NetBanking]
{{Thrissur topics}}
{{Banking in India}}
Category:Banks established in 1920
Category:Banks based in Thrissur
Category:Private sector banks in India
Category:Indian companies established in 1920
Category:Companies listed on the National Stock Exchange of India