CSB Full Form: Know All About CSB Here!

By Ritesh|Updated : October 28th, 2021

CSB Full Form: Many people question what is the full form of CSB when studying for banking exams. The CSB full form is Catholic Syrian Bank Limited. CSB Bank Limited, originally known as The Catholic Syrian Bank Limited, began operations in November 1920 and is now Kerala's oldest private sector bank, marking its centennial year in 2020. The Reserve Bank of India Act incorporated the Bank in the Second Schedule in 1969, making it a Scheduled Bank. It broke free from its usual confines in 1972, opening its first branch in Chembur, Mumbai.

Table of Content

The bank changed its name from "The Catholic Syrian Bank Limited" to "CSB Bank Limited" in 2019 to solve region and community perception difficulties linked with their prior brand name. While the Bank has a long history as a traditional bank, it is currently working on measures to change into a full-service modern bank. To that aim, the Bank has lately taken several steps to improve its business focus by modernising procedures, technology, and human resources. Re-aligning, training, and rewarding personnel; developing new products and services; expanding sales and marketing activities; investing in technology; and enhancing the monitoring and risk management framework are all part of the Bank's transformation.

Organisational Structure Of CSB

CSB strives to be a leading bank by providing products that meet the demands of selected customer segments, backed by excellent service, through their branches and technology-driven initiatives in a compliant and regulated manner.

Name

Position

Mr Madhavan Aravamuthan

Chairman

Mr C VR Rajendran

Managing Director and CEO

Mr Madhavan Menon

Non-Executive Director

Mr Sumit Maheshwari

Non-Executive Director

Ms Bhama Krishnamurthy

Independent Director 

Ms Sharmila Abhay Karve

Independent Director 

Mr Sudhin Choksey

Independent Director 

Shri. Sunil Srivastav

Independent Director 

Headquarters Of CSB

CSB Bank Limited, originally Catholic Syrian Bank Limited, is a private-sector Indian bank headquartered in Thrissur, Kerala. The bank operates a nationwide network of approximately 450 locations and 319 ATMs.

Products And Functions Of CSB

The Catholic Syrian Bank's products and services are designed to ensure complete customer satisfaction. Being a bank customer means having financial security and earning significant returns. The following are some of the well-known sectors on which the bank's services are based:

  • NRI Services
  • Loan and financial services 
  • Insurance
  • Advances
  • Personal Banking

All of these sectors cater to the requirements and tastes of clients while also keeping up with shifting market trends.

Insurance is an essential aspect of Catholic Syrian Bank's goods and services. Long-term insurance benefits, as well as short-term insurance benefits, are both available. The bank offers various insurance options, including vehicle insurance, health insurance, and home insurance. Some of the most popular insurance products include:

  • CSB Health Care Support
  • Supreme Life
  • Classic Life Premier
  • CSB Travel Support Scheme
  • Children’s Dream Plan
  • Simply Life 

To expand its international footprint, the Catholic Syrian Bank provides a variety of high-quality services and financial solutions to non-resident Indians. The majority of financial transactions are completed online, making them more hassle-free, simple, and convenient. The bank offers several well-known accounts, including:

  • NRO Account
  • FCNR Account
  • NRE Account
  • RFC Account

In addition, the bank provides loans and advances to NRIs who desire to establish businesses or commercial operations in India. Here are a few examples: 

  • Instead of term deposits, both short and long term loans are available for purposes other than making investments in the country. 
  • Loans are also available for the purchase of flats or houses in any area of the country.

CSB Full Form, CSB History and CSB Functions were all discussed in this article. We hope you found this would be extremely beneficial for a banking exam. Please contact us if you have any questions, and we will gladly assist you.

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FAQs

  • The full form of CSB is the Catholic Syrian Bank Limited.

  • Catholic Syrian Bank Limited was founded in 1920 and is based in Thrissur, Kerala, India.

  • CSYBIN55 is the SWIFT code for Catholic Syrian Bank Limited.

  • The Chairman of Catholic Syrian Bank Limited is Mr Madhavan Aravamuthan.

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