:VK Shukla, General Manager and Zonal Manager of CSB Bank Limited formerly known as The Catholic Syrian Bank Limited, Northern Zone has inaugurated three branches of CSB Bank, namely Rohini Sector-7, Okhla-Phase 2, and Shalimar Bagh on 23.10.2020. He has further indicated about the expansion of the Bank in Northern and Eastern region by opening of 50 more branches.
The proposed branches are identified at areas where there is good demand for Gold Loans, MSME, Corporate Loans and to extend support to other needy customers. The occasion was graced by Mr. Umang Garg along with Cluster Head, Mr. Soni Daniel, Northern Zone at Rohini Sector7. Gold loan is the unique selling product of CSB Bank Limited with its attractive interest rate, higher LTV upto 90%, low turnaround time and easy takeover facility from other financial institutions.
During inauguration ceremony, Mr. Shukla appreciated the efforts of Northern Zone for 115% growth under Gold loan during last financial year. The aim of the Bank is to attain a Gold loan portfolio of Rs. 10,000 Cr. by March 2021. CSB Bank Limited is one of the oldest private sector banks and celebrating the centenary year. The Bank has a strong base in Kerala along with significant presence in Tamil Nadu, Karnataka and Maharashtra. It offers a wide range of products and services to their overall customer base of 1.35 million. The Bank has been listed in the year 2019 and launched IPO on 22.11.2019. M/s Fairfax has infused capital of Rs. 1400.00 Cr in the year 2019 and the bank is well set to grow faster.
