PUNE: CSB Bank Ltd, a private sector bank with a lineage of 100 years, is strengthening its presence in key geographies across the country. As a part of their expansion plans, the Bank has opened a new branch in Pune located on Ground Floor, Maa Kalika Chambers, S.R No.206, CTS NO.4716, 4716/1, opp. Thyssen Kroop Industries, Next to Canara Bank Pimpri, Pin – 411018.
Earlier this year, CSB Bank had announced its plan to open over 100 branches across the country in FY 20-21. The Bank’s core business of gold loans has seen a 47 percent year-on-year growth. With one-third of the loan book in gold loans, CSB Bank has been addressing the clear shift of demand in gold loans in the market.
Commenting on the development, MD & CEO Mr.C VR. Rajendran said, “Our aim is to enhance presence outside Kerala locations, especially in Southern & Western India. With a history of 100 years, CSB Bank is known for its personalized service delivery to its customers and is well-capitalized. With the opening of new branches, we will be able to develop new business opportunities in the market including MSME and Agricultural lending apart from building our CASA & Gold Loan Business.“
At present, the Bank has 432 branches and 310 ATMs spread across 18 states and 2 union territories. This branch will facilitate all offerings such as Agri, SME, Corporate, and NRI Banking.
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