Page 2 - Catholic Syrian Bank
Catholic Syrian Bank aims to get back to consistent growth, says MD & CEO
Kerala-based Catholic Syrian Bank has chalked plans to put the Bank to a path of consistent growth and sustainable success, powered by core income growth.The Bank is focusing are Capital augmentation after Fairfax deal didn't go through.Bank was able to report an Operating Profit of Rs 151.71 crore as against operating loss of Rs 3.75 crore in 2015-16 and reported a Net profit of Rs 1.55 crore as against net loss of Rs 149.72 crore in 2015-16.T.S. Anantharaman, chairman, Catholic Syrian Bank said Bank's profitability was under stress mainly due to muted growth in overall business and increase in NPA provisioning. But the erosion in profitability has been arrested and contained. Despite the challenges faced during the period, CSB has remained capitalised enough and fundamentally strong to absorb these adversities and has returned as a profit generating institution from continuously being in the red for the past two years.There are, however, challenges of improving the quality of ...
 "Catholic Syrian Bank aims to get back to consistent growth, says MD & CEO")
Fairfax calls off CSB deal, differences crop up over valuation
With the deal called off, the bank might have to find another investor, sources said
 "Fairfax calls off CSB deal, differences crop up over valuation")
Catholic Syrian Bank to hire 30 specialist officers
Interested candidates who have successfully completed CA can apply at www.csb.co.in
 "Catholic Syrian Bank to hire 30 specialist officers")
Catholic Syrian Bank awaits RBI nod for Fairfax investment
The proposed Rs 1,000 crore investment will allow CSB to increase its assets 10 times
 "Catholic Syrian Bank awaits RBI nod for Fairfax investment")
C V R Rajendran new MD & CEO for Catholic Syrian Bank
Currently he is the Chief Executive Officer of the Association of Mutual Funds in lndia
Catholic Bank swings to profit during six months
Gross NPA down to Rs 462.70 crore from Rs 503.65 crore
Catholic Syrian Bank plans to raise capital through preferential issue
Kerala-based private bank to allot preferential shares to 7 investors which includes Reliance Capital, Bennet, Coleman & others
Catholic Syrian Bank plans to raise Rs 500 crore, investors shown interest include Fairfax
The bank said existing investors would continue and it would dilute fresh equity for the proposed fund raising
 "Catholic Syrian Bank plans to raise Rs 500 crore, investors shown interest include Fairfax")
