The Catholic Syrian Bank Ltd was born Eight decades ago, on 26th November 1920 at Thrissur. The founder directors of the bank were people of eminence known for their foresight, integrity and initiative. The policy they laid down has been consistently upheld by the successive generations who guided the destiny of the institution. The bank commenced business on January 1st, 1921 with an authorized capital of Rs.5 lakhs.

 

Following the crash of the Travancore National Quilon Bank in 1938 and Palai Central Bank in1960 many small banks came to the verge of collapse shaking the confidence of the public and what followed was a process of consolidation. The strategy of mergers and amalgamations of small banks with bigger banks brought the number of banks within controllable limits, thereby making the industry's base strong.
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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. The expansion programme initiated during these years gathered momentum in the subsequent years.

 

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.

 

The decade of the seventies saw the evolution of a new culture in Indian Banking. Nationalization of banks imposed "Social Control" and imparted new ethos to commercial banking. What followed was a massive expansion of bank branches with a distinct thrust on remote rural belts. Special schemes were formulated to cater to the diverse credit needs of small-scale industries, road transport operators, agriculturists, and other self-employed entrepreneurs.

 

The Catholic Syrian Bank Ltd did not lag behind in taking up the challenge and more than 75% of its clientele belong to small and economically weaker strata of Society. The Bank has a strong rural base with around 80% of the branches in rural and semi- urban areas.

 

The real inner strength of a growing organization lies in its staff resources. The Bank has been singularly fortunate all these years in creating an environment in which the employees at all levels could play their role.

 

Their contribution to the growth of this institution has been invaluable. The Bank has a dynamic team on its Board of Directors who are guiding the destiny of the Bank leading to growth and prosperity.

 

At present, the bank has a network of more than 350 branches. The Bank also plans to open more number of branches in a phased manner.

 
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