PRIVATE SECTOR BANKS IN INDIA – CATHOLIC SYRIAN BANK
PRIVATE BANKS IN INDIA – CATHOLIC SYRIAN BANK
Catholic Syrian Bank Limited is a private sector bank situated in Thrissur city of Kerala state in India. Catholic Syrian Bank has 363 branches, 1 extension counter and over 125 ATMs, and a net profit of Rs 36.56 crore in 2007-08 on revenues of Rs 50 crore. Catholic Syrian Bank has a strong presence in rural India and around 80% of the bank’s branches are located in the semi-urban and rural areas of India.
The Catholic Syrian Bank was founded on November 26, 1920 in Thrissur city and commenced business on January 1, 1921 with an authorised capital of Rs 5 lakhs and a paid up capital of Rs 4,5270. In August 1969, the bank was included in the Second Schedule to the Reserve Bank of India Act 1934. In 1975, the bank attained the status of “A” Class Scheduled Bank when its total deposits crossed Rs 25 crores.