The Catholic Syrian Bank (CSB) to mark the starting of festival season has launched a unique user friendly Gift card ‘CSB Uaphaar’. The card was launched at a function by Malayalam filmstar, Innocent.
Speaking at the occasion, the Bank’s Chairman and CEO, Mr R Venkataraman, said the card, will have a 3 year validity period, and will be available in denominations starting from Rs 500 (in multiples of Rs 100 thereafter) to Rs 20,000.
The card can be used at all VISA accepting merchant outlets; will also allow multiple usages till the entire amount is completed. He said bank is 87-years old and has been carrying out operations through 363 branches out of which 60 have been networked. Another 100 branches will soon be covered under this.
Last year bank earned Rs 36 crore profit and intend to distribute 30 per cent dividend. He added this year bank’s business is expected to cross Rs 11,500 crore this year.
Till now CSB has launched mobile ATMs in seven cities. The Chief General Manager of CSB, Mr V P Iswardas, also spoke on the occasion.
On the occasion of launch of card Mr Dominic Savio K L, Principal of St Alberts Higher Secondary School, Ernakulam, was presented the first card by Mr Venkataraman.