Catholic Syrian Bank
Catholic Syrian Bank Limited is another private sector bank located in Thrissur city, Kerala state, India.
It has a spread of 363 branches all over the country and customers have access to nearly 130 ATMs and 1 extension counter.
The net profit of the bank reached Rs 36.56 crore between 2007 and 2008 with revenues of Rs 50 crore.
Its strong presence in the country has made its services easily reachable by the people and most of its branches scatter in the semi urban and rural areas in India.
The managing director and CEO of the bank is VP Iswardas who leads the bank's initiatives towards a successful financial organization.
He is backed by his top caliber board of directors namely, Ajay Lal, S Swaminathan, Prakash G.Tole, CF John, Jos C Chakko, CKGopinathan, NR Achan, S Santhanakrishnan, Rakesh Mathur, G Sreekumar, K Ipe Peter, TS Anatharaman, and Sumeer Bhasin.
For its core banking solution (CBS), Catholic Syrian Bank India has chosen the expertise of Sun Microsystems. With this innovation, the clients will be able to access all the bank's services through the website, ATMs, or in any bank branch.
Products and Services
The newest schemes of Catholic Syrian Bank include VIP Car Loan, Car Loan, Gold Loan / Kanakashree, and Casy Mithra. To apply for a VIP Car Loan, you need to have funded limits of at least Rs.25 lakh and should have term deposits not below Rs.25 lakh with the Bank in order for you to get vehicles for personal use.
Interest rate ranges from 9% to 10%. You can also get a chance a car, van, or jeep for yourself with the Car Loan Scheme. You just have to present a documentary evidence of your income. Interest rate runs at 9%. As a guarantee, you need to have 2 persons with good qualifications as well.
A spouse is mostly given preference. For a period of one year, you can avail of the Gold Loan at interest rate of 13% that could finance up to Rs.1200.00 per gram. A Cashy Mithra Scheme is provided to individuals seeking to have a personal loan for any legally permitted purpose.
The floating rate is 15.75% p.a. The documents that need to be presented upon application include a Proof of Identity and residence, photograph of the applicant and the guarantor, and other documents which may be required by the approving officer.
Catholic Syrian Bank India is headquartered at P.B No. 502, St. Mary's College Road, Thrissur - 680 020, Kerala, India.