Catholic Syrian Bank plans to change name to 'CSB Bank Ltd' ahead of IPO

Ahead of a listing on the stock exchanges, Catholic Syrian Bank plans to change its name to ‘CSB Bank Limited’.
 
In a notice to its shareholders, the management has said the present name had been a locally known one in Kerala and nearby states for around a century, though it now has branches in many states.
 
“There is a misconception by the general public, of the bank being owned by a particular community and this is not true,” it has explained for the proposed change.
 
Many customers even within India are averse to conducting any business dealings