Chennai: The Kerala
based The Catholic Syrian Bank Ltd has chalked out plans to be known as a bank
with pan India presence than a Kerala bank.
bank will open new branches in Tamil Nadu, Karnataka, Gujarat, Maharashtra and
other places. With this addition the total number of branches will go up to 366
by next January.
bank has licence to install 25 offsite automatic teller machines (ATM) and 7 mobile
business side, R Venkataraman, chairman & CEO said the bank is looking at
a business growth of 25 per cent this fiscal.
bank''s performance during the first six months of the current year is quite encouraging.
As on 30th September 2007, the bank''s deposits stood at Rs.5134 crore and advances
at Rs3407 crore.
last quarter the bank saw its credit portfolio grow by Rs70 crore," said
fiscal Catholic Syrian Bank had a deposit base of Rs4748 crore and an advances
portfolio of Rs3012 crore.
to him the bank is employing a targeted marketing strategy whereby each month
focus is given on one particular business segment for credit growth. Next month
Catholic Syrian Bank will run a campaign to increase its lending to medical professionals.
is all set to complete the development of core banking solution with the city
based company Lasersoft Infotech Ltd. The bank has selected Wipro Infotech as
the systems integrator, BSNL and VSNL for telecom connectivity and data centre
respectively. The hardware will be sourced from Cisco.