CSB Bank Limited, formerly known as Catholic Syrian Bank Limited, is a venerable Indian private sector bank headquartered in Thrissur, Kerala. Established on November 26, 1920, and commencing business on January 1, 1921, CSB Bank boasts over a century of banking experience. Initially founded with an authorized capital of ₹5 lakhs and a paid-up capital of ₹45,270, the bank achieved a significant milestone by being included in the Second Schedule of the Reserve Bank of India Act in 1969, thus becoming a Scheduled Bank. By 1975, it attained Scheduled Bank – A Class status. The bank officially changed its name from The Catholic Syrian Bank Limited to CSB Bank Limited effective June 9, 2019. Over its long history, CSB Bank has transformed from its traditional roots in Kerala to become one of India's fastest-growing private sector banks, establishing a considerable presence across the nation.
CSB Bank has demonstrated a robust financial performance, with its market capitalization standing at ₹6,840.55 crores as of July 2025. The bank reported a significant 25.74% increase in net profit to ₹190.44 crores in Q4 FY25 compared to the same period in the previous year. For the full financial year FY25, the net profit rose by 4.76% to ₹593.80 crores, up from ₹566.82 crores in FY24. Total operating income also saw a healthy increase of 22.87%, reaching ₹3,597.14 crores in FY25 from ₹2,927.54 crores in FY24.
Key financial highlights include provisional deposits of ₹35,990 crores as of Q1 FY26, representing a 20% growth. Advances stood at ₹33,142 crores in Q1 FY26. Gross advances grew by 29.59% to ₹31,843 crores as of March 2024, with advances against gold and gold jewelry showing a strong 35.43% year-on-year growth, reaching ₹14,094 crores. The bank's operating revenue on a trailing 12-month basis is ₹4,198.22 crores, with an annual revenue growth of 33%, a pre-tax margin of 22%, and a Return on Equity (ROE) of 15%.
CSB Bank operates an extensive network of over 785 branches and more than 746 ATMs across India. As of March 31, 2024, the bank's distribution network comprised 779 branches and 731 ATMs. The bank further expanded its reach by opening 76 new branches during FY 2023-24, bringing its total to 764 branches across India as of 2024. Historically, the bank's business has been concentrated in Kerala, accounting for approximately 50% of its branches. The remaining branches are primarily located in Tamil Nadu, Karnataka, and Maharashtra. CSB Bank has a significant presence in the Thrissur district of Kerala and is actively working to increase its network nationwide, with a particular focus on the Northern and Western regions of the country.
The operations of CSB Bank are diversified across four main segments: treasury, wholesale banking, retail banking, and other banking operations. The bank offers a comprehensive suite of products and services, including savings accounts, current accounts, fixed deposits, gold loans, home loans, and car loans. For administrative efficiency, branches are organized under 11 Zonal offices. CSB Bank delivers its banking solutions through multiple channels, including its branch network, ATMs, internet banking, and mobile banking. The bank provides Retail, SME, and Corporate Banking services through its 795 branches nationwide, catering to over 2.15 million customers. The Treasury Management segment, representing 14% of operations, is responsible for managing statutory reserves, asset-liability management, liquidity, investments, and trading in fixed-income securities and foreign exchange.
• Q4 FY25 Performance: Net Profit of ₹190.44 crores (25.74% YoY growth)
• FY25 Performance: Net Profit of ₹593.80 crores (4.76% YoY growth), Total Operating Income of ₹3,597.14 crores (22.87% YoY growth)
• Q1 FY26 Provisional Deposits: ₹35,990 crores (20% growth)
• Q1 FY26 Advances: ₹33,142 crores
• March 2024 Advances: Gross advances ₹31,843 crores (29.59% YoY growth), Gold & Gold Jewelry Advances ₹14,094 crores (35.43% YoY growth)
• Trailing 12-Month Operating Revenue: ₹4,198.22 crores
• Market Capitalization: ₹6,840.55 crores (as of July 2025)
• Promoter Holding: 49.72% (FIH Mauritius Investments Ltd)
The Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as Managing Director and CEO for a three-year term, commencing September 15, 2025. The Chairperson of the bank is Bhama Krishnamurthy. The majority ownership of CSB Bank is held by FIH Mauritius Investments Ltd (FIHM), which possesses 86,262,976 shares, constituting 49.72% of the bank's paid-up capital.
CSB Bank has a history of pioneering technological advancements in the banking sector, being an early adopter of mechanization starting in 1975. Since June 2009, all its branches have been integrated onto the Core Banking System (CBS) platform named MAARVEL, developed in collaboration with a leading software company. In 2023, the bank implemented Oracle's advanced core banking system, Flexcube, in its latest version. Technology is central to the bank's strategy for enhancing customer convenience. All branches are connected to the RTGS network, and as a member of the National Financial Switch managed by IDRBT, CSB Bank provides its customers access to ATMs across the country.
While CSB Bank has a rich legacy as a traditional banking institution, it is actively undergoing a transformation into a full-service contemporary bank. This strategic shift involves upgrading processes, technology, and human resources to enhance business focus. The bank has reorganized its operations into focused business areas, retrained its workforce, introduced new products and services, intensified sales and marketing efforts, invested significantly in technology, and strengthened its monitoring and risk management frameworks. CSB Bank is poised to increase its market share through well-defined strategies aimed at achieving sustained success. The bank's 52-week high is ₹403.2 and its 52-week low is ₹272.75. CSB Bank continues to expand its presence across India while reinforcing its strong foundation in Kerala, positioning itself for continued growth in the competitive private banking sector.
