About Us
  • Genesis
  • VISION MISSION STATEMENT
  • Board of Directors
  • Key Managerial Personnel
  • Senior Management Team

Genesis

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, celebratingits Centenary Year in 2020. During this century long period, the Bank has grown from strengthto strength, adapting admirably to the far-reaching social, political and economic changes thathave taken place during the period. The enterprising spirit inherited from its founding fathers hasbeen maintained throughout its history, which has blended the tradition of hard work andcustomer focus in its march to the new Millennium.

It was in the year 1969 that the Bank became a Scheduled Bank, as it was included in the SecondSchedule of Reserve Bank of India Act. In 1972 it came out of its traditional bastion and openedits first branch in Chembur, Mumbai. ‚ÄúA Class‚ÄĚ Scheduled Bank status was attained by the Bankin the year 1975 and it entered the field of International Banking in the same year. Currently thebank has 417 branches (comprising 3 service branches and 3 asset recovery branches) and 300ATMs (including onsite and Offsite) spread across 18 states, 2 union territories. Out of the 417branches, 65 branches (including 3 service branches and 3 asset recovery branches) are inmetropolitan cities, 87 branches in urban areas, 223 branches in semi-urban and 36 branches inrural areas. For efficient administration, the Bank has organized all its branches under 8 Zonaloffices. The Bank delivers its products and services through multiple delivery channels thatinclude branches, ATMs, internet and mobile banking.

While the Bank has a long operating history as a traditional bank, it is currently focusing oninitiatives to transform itself into a full service contemporary bank. Towards this end, the Bankhas recently undertaken a number of initiatives to enhance its business focus by upgradingprocesses, technology and human resources. As part of its transformation, the Bank hasorganized its operations under focused business areas; re-aligning, training and incentivizingemployees; creating new products and services; increasing sales and marketing efforts; investingin technology and strengthening the monitoring and risk management framework.

We have implemented strategic changes in business model as a full service new age privatesector bank backed by our globally reputed promoter ‚Äď FIH Mauritius Investments Ltd, aCompany wholly owned by Fairfax India Holdings Corporation( Fairfax India), part of FairfaxGroup. To this end, we have re-aligned our organizational set-up for efficiently driving ouroperations and business strategy, wherein branches will be responsible only for deposits, crossselling, and customer servicing, and all loan products will be driven by dedicated teams, with eachbusiness team operating as a profit centre. We have rebranded ourselves in the year 2019 bychange of name from The Catholic Syrian Bank Limited to ‚ÄúCSB Bank Limited‚ÄĚ, to address regionand community related perceptional issues associated with our previous brand name.

The Bank successfully completed its Initial Public Offering (IPO) to the tune of Rs. 409.67 crorewhich received an overwhelming response from the investors and the issue was subscribed overall by 86.92 times. Subsequently, the Bank’s shares were listed on Indian stock exchanges onDecember 4, 2019.

CSB was the pioneer in the field of mechanization among banks, a process started in the year1975. Since June, 2009 all our branches have been brought under CBS platform, a softwareProgramme named MAARVEL, developed jointly with a reputed software company. Technologyhas been leveraged for providing banking convenience to customers and all our branches havebeen enabled and included in the RTGS network. As a member of National Financial Switch ofIDRBT our customers can have access of almost all ATMs, all over the country belonging todifferent Banks. SMS and e-mail alerts are available to customers on demand.

Currently we have a client base of more than 1.5 million customers. CASA portfolio constitutes29.17% of our total deposits. With the intention of making the right proposition to the rightcustomer at the right time, tailor made banking products have been designed to cater to thespecific banking needs of various sections of the society. The Bank currently has four principalbusiness areas, namely, (a) SME Banking, (b) Retail Banking, (c) Corporate Banking and (d)Treasury Operations.

Tie up arrangements have been made with reputed companies for providing other financialproducts to our customers. For providing insurance solutions to customers Bank has tied up withEdelweiss Tokio Insurance Company Ltd and ICICI Lombard General Insurance Company Ltd.International money transfer service and wealth management through mutual fund route is alsomade available to customers. The debit cards launched in association with VISA International.

Good corporate governance, regulatory compliance and corporate social responsibility forms anintegral part of the banks philosophy. The Bank has total staff strength around 3,204, trained andequipped to render efficient customer service. Our intention is to service the entire financialneeds of the customer. We are also expanding our products suite, services and digital bankingplatform, with investments in technology aimed at improving our customers' experience, makingit easier for them to interact with us, and offering them a range of products tailored to theirfinancial needs.

VISION MISSION STATEMENT

Vision Mission

"CSB endeavours to be a leading bank striving to excel in bringing products that satisfy the needs of targeted client segments, backed by excellent service ‚Äď through our branches and technology driven initiatives in a compliant and regulated manner. For our employees, we want to create a culture of pride ‚Äď driven by performance and productivity that should eventually result in sustainable growth in business and deliver superior returns to our Shareholders."

Board of Directors

Board of directors

Mr.Madhavan Aravamuthan

Chairman

1A, Svethaa, 2/15, 9th Cross Street, Shatri Nagar, Adyar, Chennai ‚Äď 600020.

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Mr. Madhavan Aravamuthan is the Part ‚Äď time Chairman of our Bank since August 10, 2020 . Mr. Madhavan is on the Board of the Bank since December 13, 2018 as an Independent Director . He is a seasoned banker having served Reserve Bank of India for over 37 years in various areas and capacities. Mr. Madhavan expertise include deep knowledge of IT Systems, Payment & Settlement Systems, Offsite surveillance of Banks. He holds a bachelor‚Äôs degree and a master‚Äôs degree in arts from the University of Madras. He is also a certified associate of the Indian Institute of Bankers. He was earlier on the Board of erstwhile Bank of Rajasthan as Additional Director appointed by RBI.

Mr. C VR Rajendran

MD & CEO

Apartment No.1091, Sobha Topas,9th floor, Tower -1, Sobha City,Puzhakkal, Thrissur -680553.

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Mr. Rajendran Chinna Veerappan is the MD and Chief Executive Officer of our Bank. He holds a bachelor’s degree and a master’s degree in commerce from Madurai Kamaraj University and is an associate of the Indian Institute of Bankers. He previously served as the chief executive of the Association of Mutual Funds in India and is currently responsible for overall management and expansion of our Bank. He has over 40 years of experience in banking and finance sector and was previously associated with Corporation Bank, Andhra Bank and Bank of Maharashtra. He has been on our Board since November 24, 2016.

Mr. Madhavan Menon

Non-Executive Director

Flat No.702, SUPREME PEARL, 17th Road, Khar (West), Mumbai ‚Äď 400052

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Mr. Madhavan Menon is a Non ‚Äď executive Director of our Bank since September 3, 2018. Mr. Madhavan Menon was the Part-time Chairman of the Bank for the period April 24, 2019 and up to July 21, 2020. He holds a bachelor‚Äôs degree and a master‚Äôs degree in business administration from the George Washington University. He is also qualified for the award of ‚ÄúIndian School Certificate‚ÄĚ in division two issued by the University of Cambridge. He has over 30 years of experience in the finance and banking sector. He has previously worked with ANZ Grindlays Bank Limited, Citibank N.A., Emirates Bank International, Birla Capital International AMC Limited in the past. He is currently on the chairman and managing director of Thomas Cook (India) Limited.

Mr. Sumit Maheshwari

Non-Executive Director

C, 6th floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.

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Mr. Sumit Maheshwari is the Non ‚Äď executive Director of our Bank. He holds a bachelor‚Äôs and a master‚Äôs degree in commerce from the University of Mumbai. He is a certified associate member of the Institute of Chartered Accountants of India. He has completed the post graduate programme in management from the Indian School of Business. He has over 10 years of experience in finance sector. Previously, he has worked with KPMG and is currently the managing director and chief executive officer of Fairbridge Capital Private Limited. He has been on our Board since September 3, 2018.

Ms. Bhama Krishnamurthy

Independent Director

Flat No.401, Avarsekars Srushti, Old Prabhadevi Road, Prabhadevi, Mumbai - 400025.

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Ms. Bhama Krishnamurthy is an Independent Director of our Bank. She holds a master’s degree in science from the University of Mumbai. She has over 40 years of experience in the field of banking and small scale industry. She has served as the chief general manager of the Small Industries Development Bank of India in the past. She has been on our Board since September 3, 2018.

Mr. Syed Nagoor Ali Jinnah

Independent Director

The Habiba, 10, GN Main Street, New Selvam Nagar, Trichy - 620 001.

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Mr. Syed Nagoor Ali Jinnah is an Independent Director of our Bank. He has completed post graduate diploma in management (agriculture) from the Indian Institute of Management, Ahmedabad. He has also completed the course of junior associate of Indian Institute of Bankers and certified associate of Indian Institute of Bankers (rural banking) from the Indian Institute of Banking and Finance. He has about 34 years of experience in agricultural and rural banking sector and has worked with NABARD in the past. He has been on our Board since March 6, 2019.

Ms Sharmila Abhay Karve

Additional Director- Independent

102 Phoenix House, Sayani Road, Prabhadevi, Mumbai 400025

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Ms Sharmila Abhay Karve has been appointed as an Additional Director (Independent) on the Board of the Bank w.e.f: July 20, 2020. Ms. 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. She was an audit partner for several Indian and Multinational clients for many years. She was appointed as the Ethics and Business Conduct Leader for the firms and was also elected to the Partnership Oversight Committee (POC) which is responsible for governance and oversight. Later, she took over as the Head of Audit. She has also been the team Head for Risk & Quality, which restructured the risk profile of their clients’ products and services and implemented mitigating controls. In 2017, she was appointed as the Diversity & Inclusion Leader for the PwC Global network and was on the Global Leadership Team and the Global Human Capital Team.
Ms. Sharmila Abhay Karve is a member of The Institute of Chartered Accountants of India and also a Commerce Graduate from Mumbai University.

Key Managerial Personnel

Key Managerial Personnel

Shri. C. VR. Rajendran Managing Director & CEO
Shri. B K Divakara Chief Financial Officer
Shri. Sijo Varghese Company Secretary

Senior Management Team

Senior Management Team

Mr. Pralay Mondal

President (Retail, SME, Operations and IT)
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Mr. Pralay Mondal , is the President (Retail, SME, Operations and IT) of the Bank with effect from September 23, 2020. Mr. Pralay is an Engineer from IIT, Kharagpur and a Management graduate from IIM, Calcutta.
Prior to joining CSB Bank, Mr. Pralay was Executive Director & Head of Retail Banking at Axis Bank. He has around 30 years of banking experience across multiple business and functions including retail assets, retail liabilities, business banking, products and technology. Before joining Axis Bank, Mr. Pralay was the Senior Group President and Head of Retail and Business Banking at Yes Bank. He was instrumental in setting up the entire retail franchise in that bank in a short period of time. At Yes Bank, Mr. Pralay used to frequently meet the Investors and Analysts and have been part of the core group engaging with relevant people in India or overseas to represent the bank for raising capital. Prior to that he had a successful 12 years’ stint at HDFC Bank and was earlier associated with Standard Chartered Bank, Wipro InfoTech and Colgate Palmolive. Mr. Mondal’s achievements include pioneering efforts in doorstep banking and direct sales, creating deep geography distribution, and building and scaling up of retail businesses. He is also credited with building capital market, wealth management, private banking, NBFC, credit cards, payments and digital businesses, from scratch.

Mr. P. V. Antony

GM -Accounts
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Mr. P. V. Antony, is the General Manager ‚Äď Accounts of our Bank. He holds a bachelor‚Äôs degree in commerce from University of Calicut. Further he is a fellow of the Institute of Cost and Works Accountants of India and associate of the Institute of Company Secretaries of India. He is also an associate of the Indian Institute of Bankers. Prior to joining our Bank, he was working with the Canara Bank and has over 35 years of experience in the field of banking. He was associated with our Bank since 1983 and retired as the Chief Risk Officer in July 2019 on attaining superannuation and thereafter joined our Bank in August 2019 on a contractual basis.

Mr. Jayashankar T

Head - Human Resources
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Mr. Jayashankar T. is the Head (Human Resources) of our Bank. He holds a bachelor’s degree and a master’s degree in arts from University of Madras. He also holds a bachelor’s degree in law from Bharathidasan University. He has over 35 years of experience in the field of management. Prior to joining our Bank, he was associated with Madras Fertilisers Limited, Standard Motor Products of India Limited and Indian Bank and has been associated with our Bank since 2017.

Mr. Bharath Mani

Head - Retail Banking
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Mr. Bharath Mani is the Head (Retail Banking) of our Bank. He holds a bachelor’s degree in arts (honours course) from University of Delhi and a post graduate diploma in business management from Institute of Management Technology, Ghaziabad. He has over 20 years of experience in the field of banking. Prior to joining our Bank, he was associated with the Royal Bank of Scotland N.V. and has been associated with our Bank since 2014.

Mr. Neeraj Dhawan

Chief Credit Officer - Retail & SME, Strategy, BIU and Analytics
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Mr. Neeraj Dhawan, is the Chief Credit Officer ‚Äď Retail & SME Strategy, BIU and Analytics of our Bank. He holds a bachelor‚Äôs degree in Commerce from University of Calcutta. Further he is an Associate of the Institute of Chartered Accountants of India and associate of the Institute of Company Secretaries of India. He is also an associate of Institute of Cost and Works Accountants of India. Prior to joining our Bank, he was working with the Yes Bank where he was holding the position of Chief Risk Officer for the Yes Bank with portfolio including Enterprise Risk, Credit Risk, Operational Risk, Market & Liquidity Risk, Information Security Risk etc., He has also worked with various multinational and large institutions viz. GE Capital, ABN AMRO Bank, HDFC Bank and ICICI Bank and has over 27 years of experience in the field.

Mr. B K Divakara

Chief Financial Officer
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Mr. B K Divakara is the Chief Financial Officer of our Bank. He holds a bachelor's degree in Business Management from University of Mysore. Further he is an Associate of the Institute of Chartered Accountants of India and Associate of the Institute of Company Secretaries of India. He is also an associate of Institute of Cost and Management Accountants of India. Prior to joining our Bank, he was working with the Central Bank of India and Corporation Bank and has over 33 years of experience in the field of banking.

Mr. Sijo Varghese

Company Secretary
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Mr. Sijo Varghese is the Company Secretary and Compliance Officer. He holds a bachelor’s degree in commerce from the University of Calicut and a bachelor’s degree in law from the Mahatma Gandhi University. He is an associate of the Institute of Company Secretaries of India. He has over 15 years of experience in the field of compliance. 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. He is responsible for executing the orders of our Board regarding administration of our Bank and acts as an advisor to our Board in the matters related to compliance of securities law and for redressal of investor grievance.

Mr. Vincy Louis Pallissery

Chief Compliance Officer
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Mr. Vincy Louis Pallissery is the Chief Compliance Officer of our Bank. He holds a bachelor’s degree and a master’s degree in commerce from the University of Calicut. He has completed diploma in management from Indira Gandhi National Open University and is an associate of the Indian Institute of Bankers. He has over 35 years of experience in banking sector and has been associated with our Bank since 1981.
He retired in April 2019 from our Bank on attaining superannuation and thereafter joined our Bank in June 2019 on a contractual basis. He has also passed the AML&KYC certificate examination conducted by IIBF.

Mr. Ganesan V

Head ‚Äď Recovery and Credit Monitoring
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Mr. Ganesan V. is the Head (Recovery and Credit Monitoring) of our Bank. He holds a bachelor’s degree in science from Madurai University. He has over 40 years of experience in the field of banking. He was associated with our Bank since 1978 and retired in 2016 on attaining superannuation. Thereafter, he worked with Pegasus Assets Reconstruction Private Limited and joined our Bank in 2018.

Mr. Kesava Naidu Rayar

Head - Treasury of our Bank
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Mr. Kesava Naidu Rayar is the Head (Treasury) of our Bank. He holds a bachelor’s degree in science from the University of Madras. He holds a bachelor’s degree in law and master’s degree in psychology from Annamalai University. He is also a certified associate of the Indian Institute of Bankers, Institute of Cost and Works Accountants of India and a fellow of the Institute of Company Secretaries of India. He has about 35 years of experience in the field of banking. Prior to joining our Bank, he was associated with Andhra Bank and has been associated with our Bank since 2018.

Mr. Arun Kumar Ramchandran

Head-Audit
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Arun Kumar Ramchandran, is the Head ‚Äď Audit of our Bank. He holds a Chartered Accountant from ICAI, Certified Information Systems Auditor from ISACA, USA, Certified Internal Auditor from Institute of Internal Auditors, Florida - USA and has done his graduation in Commerce from R A Podar College of Commerce & Economics, Mumbai. He has also delivered lectures on Internal Audit & Cyber Security in IDRBT, Mumbai Chartered Accountants & various other forums in Internal Audit. He has also represented India as part of CII delegate to Israel where he attended a week-long conference on Information & Cyber Security, Digital Initiatives and Artificial Intelligence.
Arun Kumar Ramchandran brings with him 22 years of post-qualification experience in Internal Audit Function. He joins us from Kotak Mahindra Bank where he was holding a senior position in Internal Audit and also was heading the IT Audit function. Within Kotak Group, Arun has done Internal Audit for various businesses and support functions in the Bank and also its subsidiaries including Kotak Securities, Kotak Mahindra Mutual Fund, Kotak Mahindra Prime, Kotak Mahindra Investments and its overseas subsidiaries based out of Dubai, London & New York. He has also anchored setting up the Regional Office for Internal Audit in Chennai where he had moved during his Kotak stint for 3 years. Prior to Kotak, he has worked in Centurion Bank, M P Chitale & Co and Rakesh Garg & Associates at the start of his career. Throughout he has in-depth experience in Internal Audits across the Banking and Financial Industry.

Mr. Vuppala Srinivasa Rao

Chief Technology Officer
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Mr. Vuppala Srinivasa Rao is the Chief Technology Officer of our Bank. He holds a bachelor‚Äôs degree in commerce from Sri Venkateswara University and is a certified associate of the Indian Institute of Bankers. He is a recipient of an award under the ‚ÄėNational Scholarships Scheme‚Äô of the GoI for securing a rank in bachelors of commerce examination. He has about 39 years of experience in the field of banking. Prior to joining our Bank, he was associated with Andhra Bank and has been associated with our Bank since 2018.

Mr. Palanisamy Mylsamy

Advisor (Vigilance)
Advisor ‚Äď Vigilance
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Mr. Palanisamy Mylsamy is an Advisor (Vigilance) of our Bank. He holds a bachelor’s degree and a master’s degree in science from University of Madras. He also holds a master’s degree in business administration with specialization in financial management from Indira Gandhi National Open University and has completed post graduate diploma in personnel management from Annamalai University. Further, he is a certified associate of the Indian Institute of Bankers. He has over 30 years of experience in the field of vigilance related matters. Prior to joining our Bank, he was associated with the State Bank of India and was on deputation to Vijaya Bank as the chief vigilance officer. He has been associated with our Bank since 2017.

Mr. Harsh Kumar

Chief Human Resource Officer
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Mr. Harsh Kumar is the Chief Human Resource Officer of our Bank. He holds a bachelor’s degree in engineering from University of Madras and a post graduate diploma in management from T.A. Pai Management Institute. He has over 12 years of experience in the field of banking. Prior to joining our Bank, he was associated with HDFC Bank Limited. Since, he was appointed on August 9, 2019, there was no remuneration paid to him in Fiscal 2019.

Mr. Arvind Sharma

Chief Risk Officer
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Arvind K Sharma, the Chief Risk Officer in CSB Bank, is responsible for the management of Credit, Market , Liquidity, Operational, Information Security & Cyber Risks in the Bank, through development & implementation of Risk Management Programs to introduce policies, procedures & systems to mitigate the risks to the Bank and ensuring risk compliance.

Mr Arvind K Sharma brings more than twenty-seven years of diverse banking experience, building high-performance cross-functional teams that have consistently delivered excellent results. He has held a series of roles in Risk Management for over a decade.

Before joining CSB Bank, Mr Sharma worked with State Bank of India for 24 years and Bank Sohar in Oman for three years, where he successfully handled various assignments in areas such as Risk, Treasury, Credit, Trade Finance, Retail Business and Branch Management etc. He had been extensively associated with implementation of Advance Approaches (Basel II) in Risk Management, IFRS 9 Risk Framework & Moody Rating System and was involved in designing and implementation of risk architecture, policy formulations (retail and corporate), development and maintenance of risk reporting system, modelling, analytics and industry guidance for domestic and international operations. He handled Business Process Re-engineering projects across 900 branches covering Trade Finance, Retail Banking and implemented Central Processing outfits.

Arvind is a Graduate of Advanced Management Programme from Harvard Business School, has completed the Executive Programme in Management from Columbia Business School. He also attended the Advanced Risk Management Programme at Wharton Business School. A Certified Associate of the Indian Institute of Bankers. He is a Masters of Arts in Economics with a PG Diploma in Financial Engineering & Risk Management from the Indian Institute of Capital Markets. He has also attended many programmes on Risk Modelling, Credit, Market and Operational Risks at various premier Indian Management Institutes.

Mr. Prem Kumar Thampi

Head - Wholesale Banking
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Mr. Prem Kumar Thampi is the Head (Wholesale Banking) of our Bank. He holds a bachelor’s degree in science (honours) and master’s degree in science from Banaras Hindu University. He is a fellow member of the Institute of Directors and has over 30 years of experience in the field of banking and treasury. Prior to joining our Bank, he was associated with the State Bank of India, Bank M (Tanzania) Limited and ICICI Bank Limited. He has been associated with our Bank since 2015.