![]() With the intention of making the right proposition to the right customer at the right time, tailor made banking products have been designed to cater to the specific banking needs of various sections of the society. CASA portfolio constitutes 32.18% of our total deposits as on 31.03.23. SMS and e-mail alerts are available to customers on demand.Ĭurrently we have a client base of more than 2.15 million customers. As a member of National Financial Switch of IDRBT, our customers can have access of almost all ATMs, all over the country belonging to different Banks. Technology has been leveraged for providing banking convenience to customers and all our branches have been enabled and included in the RTGS network. Since June 2009, all our branches have been brought under CBS platform, named MAARVEL, developed jointly with a reputed software company. Subsequently, the Bank’s shares were listed on Indian stock exchanges on December 4, 2019.ĬSB was the pioneer in the field of mechanization among banks, a process that started in the year 1975. 409.67 crore which received an overwhelming response from the investors and the issue was subscribed overall by 86.92 times. The Bank successfully completed its Initial Public Offering (IPO) to the tune of Rs. We have rebranded ourselves in the year 2019 by changing our name as “CSB Bank Limited”, to address region and community related perceptional issues associated with our previous brand name. To this end, we have re-aligned our organizational set-up for efficiently driving our operations and business strategy, wherein branches will be responsible for deposits, cross selling, and customer servicing, and all loan products will be driven by dedicated teams, with each business team operating as a profit centre. We have implemented strategic changes in business model as a full service new age private sector bank backed by our globally reputed promoter – FIH Mauritius Investments Ltd, a Company wholly owned by Fairfax India Holdings Corporation( Fairfax India), part of Fairfax Group. As part of its transformation, the Bank has organized its operations under focused business areas re-aligning, training and incentivizing employees creating new products and services increasing sales and marketing efforts investing in technology and strengthening the monitoring and risk management framework. Towards this end, the Bank has recently undertaken a number of initiatives to enhance its business focus by upgrading processes, technology and human resources. While the Bank has a long operating history as a traditional bank, it is currently focusing on initiatives to transform itself into a full service contemporary bank. ![]() The Bank delivers its products and services through multiple delivery channels that include branches, ATMs, internet and mobile banking. For efficient administration, the Bank has organized all its branches under 11 Zonal offices. Currently the bank has 704 branches (excluding three service branches and three asset recovery branches) and 534 ATMs (including onsite and Offsite) spread across 16 states, 4 union territories. “A Class” Scheduled Bank status was attained by the Bank in the year 1975 and it entered the field of International Banking in the same year. In 1972, it came out of its traditional bastion and opened its first branch in Chembur, Mumbai. It was in the year 1969 that the Bank became a Scheduled Bank, as it was included in the Second Schedule of Reserve Bank of India Act. ![]() The enterprising spirit inherited from its founding fathers has been maintained throughout its history, which has blended the tradition of hard work and customer focus in its march to the new Millennium. ![]() ![]() During this century long period, the Bank has grown from strength to strength, adapting admirably to the far-reaching social, political and economic changes that have taken place during the period. CSB Bank Limited had its modest beginning in November 1920 and is currently the oldest private sector bank in Kerala. ![]()
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