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The Catholic Syrian Bank Limited (CSB) is an Indian private sector bank with its headquarters in Thrissur, Kerala. Founded on 26th November 1920, it is one of the oldest banks in India. It has a network of more than 430 branches and over 240 ATMs across the country. The Bank commenced business on January 1st, 1921 with an authorized capital of Rs. 5 lakhs and a paid up capital of Rs. 45,270. The founder directors of the Bank were eminent people, known well for their foresight, integrity and initiative. During the first two decades of coming into being, the Bank focused only on Kerala.
About Catholic Syrian Bank
In 1964-65, the Catholic Syrian Bank services took part in taking over the liabilities and assets of five small/medium sized banks in the state, following their collapse. This expansion programme gained further momentum in the subsequent years. An important milestone for the Bank was being included in the Second Schedule to the Reserve Bank of India Act, 1934. After this happened in 1969, the Bank attained the status of ‘A’ Class Scheduled Bank in 1975, when its total Deposits crossed Rs. 25 crores. In the same year, the Bank not only set up a Training College for its staff, but also entered the field of Foreign Exchange. Following the nationalization of banks that gave a distinct thrust on remote rural belts, the Bank too established a strong rural base with around 80% of its branches in rural and semi-urban areas. More than 75% of its clientele belong to small and economically weaker strata of society.
Catholic Syrian Bank financial services puts its best foot forward in expanding its investments in money market and capital market instruments, besides taking the requisite steps to have an in house equity research wing. The Bank has also geared up its machinery to increase its market share of corporate finance in the days to come. Its staff resources and employees are dedicated and passionate in delivering their roles and functions to the best of their abilities, led by a dynamic team on its Board of Directors.
Vision and Mission
The Bank endeavours to emerge as a leading South India Based Bank striving to excel in bringing products that cater to the needs of targeted client segments, supported by excellent service. For its employees, the Bank aspires to inculcate a culture of Pride, so that they are driven by performance and productivity that eventually leads to sustainable growth in business. Catholic Syrian Bank banking services also focuses on delivering superior returns to its shareholders. It lays great emphasis to fulfill the requirements of the clients through its branches and technology driven initiatives in a compliant and regulated manner.
Catholic Syrian Bank Ltd. Loans
Catholic Syrian Bank Home Loan: This loan serves the purposes of construction/repair/renovation/extension/purchase of land/flat/house for residential accommodation. Any resident Indian or NRIs on regular employment or established business with regular income, satisfy the Catholic Syrian Bank home loan eligibility norms. The maximum funding provided by the Bank is 75% of construction/purchase cost or Loan Eligibility, whichever is lower. For resident Indians the loan tenure is up to 20 years, while for NRIs, it is up to 15 years. The age ceiling for salaried borrowers is superannuation, while for others it is 65 years.
Catholic Syrian Bank Personal Loan: The purpose of this loan is to meet the personal necessities of the applicant. Any employee of a reputed organization with a minimum of 3 years of confirmed service can avail this loan. The quantum of personal loan from Catholic SyrianBank per employee is 10 times of gross monthly salary subject to upper ceiling fixed by the bank from time to time. However, the total deductions towards loan repayment including the installments of the proposed loan should not exceed 50% of gross salary. The loan tenure is a maximum of 60 months.
Catholic Syrian Bank Loan Against Property: Any individual (resident or NRI), firms, companies, societies, etc. can avail this loan for any legally permitted purpose. The loan amount sanctioned by the Bank is a maximum of Rs. 5 crores. The tenure of the loan is up to 15 years. According to Catholic Syrian Bank loan details, this loan, which is accompanied by a term loan facility, holds as security a residential or commercial land, with or without building. However, agricultural land will not be taken as security. The maximum funding that the Bank extends is – 60% of the market value of residential building/flat, 55% of the market value for other properties, and 75% of the market value for existing housing loan customers of CSB. These particulars are, however, subject to loan eligibility as per financials.
Catholic Syrian Bank Business Loan: Being an SME Oriented Bank, Catholic Syrian Bank loan advantage finances thousands of small and medium sized businesses across the country. It offers a range of solutions tailor made for SMEs, with some of the key products being, cash credit/over draft, term loans, inland bill discounting facilities, export finance, foreign deferred bill purchase/foreign usance bill purchase scheme, buyers credit, bank guarantees, letters of credit, etc.