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Csb Bank history
Csb Bank company history timeline
Established in 1920 as The Catholic Syrian Bank Limited, CSB Bank Limited had its modest beginning in November 1920 and is currently the oldest private sector bank in Kerala.
CSB commenced business on 01 January 1921 with an authorised capital of Rs.5 lakhs and a paid up capital of Rs.
July 20, 1926, CSB assumed the deposits and took over the assets of the Brimley State Bank.
In 1964-65 The Catholic Syrian Bank Ltd took part in taking over the liabilities and assets of five small/medium sized banks in Kerala.
In 1972, CSB opened the doors to its first branch office in DeTour Village, Michigan.
On November 3, 1975, Central Savings Bank’s Main office relocated to its current location at 511 Bingham Avenue, from the corner of Ashmun and Spruce Streets.
The necessity of imparting training to staff looked very important and a modest beginning was therefore made in setting up a Training College in 1975.
In 1975 the Bank attained the status of 'A' Class Scheduled Bank when its total Deposits crossed Rs.25 crores.
The bank achieved Scheduled Bank - A Class, status by 1975.
In 1989, a second branch was built and opened in Kincheloe, Michigan.
In early 1990, the second floor was added to the Main office on Bingham Avenue.
In late 1990, an acquisition with First America Bank lead to having a branch in Pickford, Michigan.
He had been part of the growth story of HDFC Bank by joining as an Officer in the Year 1995 and moved upwards to become a Regional Head and then a Product Head.
In 1999, CSB acquired branches in Rudyard, Michigan and Cedarville, Michigan from North Country Bank & Trust.
In 2001, CSB acquired two more branches from North Country Bank & Trust located in St Ignace, Michigan and on the Jewel of the Great Lakes, Mackinac Island, Michigan.
In November of 2002, the doors opened to the second Sault Ste.
On December 2, 2002, CSB commemorated our 100th anniversary with a drawing for 100 prizes, drawn live on WSOO 1230AM with Bill Thorne.
Prior to joining our Bank, he was associated with Kerala Ayurveda Limited, AJS & Associates, BNA Technology Consulting Limited and Kancor Ingredients Limited and has been associated with our Bank since 2007.
Since June, 2009 all our branches have been brought under CBS platform, a software Programme named MAARVEL, developed jointly with a reputed software company.
He was the recipient of BUSINESS LEADER – FINANCIAL SERVICES Award for 2015 from The Institute of Chartered Accountants of India, New Delhi.
On 03 February 2016 the Bank had allotted 48 00325 Equity Shares at a price of Rs 100 per share (inclusive of premium of Rs 90 per share) aggregating Rs 480032500.
The Bank's total deposits have decreased by Rs 220.91 crore and stood at Rs 14690.65 crore as compared to Rs 14911.56 crore in previous year 2017.
As per Govt. of India notification, accounts without Aadhaar validation after 31st March, 2018 will be frozen.
Srivastav was a keen analyst and commentator on developments in the field of Corporate Finance and Banking.Post retirement in April 2018, Mr.
Madhavan Menon is a Non – executive Director of our Bank since September 3, 2018.
Prior to joining our Bank, he was associated with Andhra Bank and has been associated with our Bank since 2018.
The Bank's Aggregate deposits as at 31 March 2019 stood at Rs 15123.87 Crore as compared to previous year level of Rs 14690.65 Crore.
As of March 2019, the bank had significant presence in Maharashtra, Tamil Nadu, Kerala and Karnataka with a customer base of nearly 1.3 million people and it’s credit portfolio focused on agriculture, MSMEs, education, and housing.
The Reserve Bank of India vide letter dated 28 June 2019 granted fresh license to carry on banking business in India in lieu of the old license consequent upon the change of name of the Bank.
Sharmila Abhay Karve has over three decades of association with PriceWaterhouseCoopers (PwC) in various capacities till she retired from the PwC network of firms on 30th of June 2019.
The equity shares of Bank were listed and admitted for dealings on BSE Limited (BSE) and National Stock Exchange Limited (NSE) with effect from 04 December 2019.
In 2019, a major remodel of the first floor at the Main office took place and created the concept of the Universal Banker with the use of new technology, the Cash Recycler.
Ms Sharmila Abhay Karve is an Independent Director of the Bank and has been associated with the Bank since July 20, 2020.
Sudhin Choksey is an independent Director of the Bank and has been associated with the Bank since March 30, 2021.Mr.
At 1.79 million, demat accounts opened in June fewest since Feb 2021
Manish Agarwal is the Chief Credit Officer (CCO) – Retail & SME of our Bank effective from June 2021.
Pralay Mondal is the Managing Director & CEO (Interim) of the Bank with effect from April 1, 2022.
Jaikumar S is the Chief Internal Vigilance Officer of the Bank with effect from 9th of June 2022.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Independence Bank | 1864 | $197.9M | 911 | 6 |
| Isabella Bank | 1903 | $410.6M | 330 | 24 |
| Spencer Savings Bank | 1893 | $13.0M | 50 | 42 |
| Middletown Valley Bank | 1908 | $13.0M | 79 | 5 |
| Androscoggin Bank | 1870 | $50.0M | 180 | 9 |
| Mechanics Savings Bank | 1875 | $17.6M | 50 | 99 |
| Dollar Bank Fsb | 1855 | $160.0M | 1,400 | 81 |
| Desert Community Bank | - | $14.0M | 50 | - |
| Exchange Bank | 1890 | $98.4M | 375 | 52 |
| Woodland Bank | 1920 | $1.7M | 35 | - |
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Zippia gives an in-depth look into the details of Csb Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Csb Bank. The employee data is based on information from people who have self-reported their past or current employments at Csb Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Csb Bank. The data presented on this page does not represent the view of Csb Bank and its employees or that of Zippia.
Csb Bank may also be known as or be related to Catholic Syrian Bank Limited and Csb Bank.