CSB Bank

Thrissur, India

CSB Bank is a private Indian bank that offers a broad range of financial services including savings and deposit accounts, loans, and other banking products tailored to retail, corporate, and rural customers. It is recognized for its customer-oriented approach and technological innovations in the Indian banking sector.

CCI Score

-57.56

0.03% April 18

Latest Event

BEFI Organises Dharna at CSB Bank Headquarters, Thrissur

BEFI staged a protest at CSB Bank’s Thrissur headquarters on 5 November 2024, demanding the implementation of the 11th and 12th bipartite wage settlements for its employees. The protest highlights unresolved labor disputes and a perceived neglect of fair labor practices by the bank.

Take Action

So what can you do? It's time to make tough choices. Where will you cast your vote?

Shop Alternatives SEE ALL: OCBC Bank

Forbright

First Internet Bank
Use Your Voice OTHER TOOLS
Investigate
Share the Score SUPPORT CCI

QUISLING

CSB Bank is currently rated as a Quisling.

-44 to -59 CCI Score

These companies are fully aligned with authoritarian regimes. They not only support but also enforce oppressive policies, playing a significant role in the regime’s operational apparatus and contributing directly to its consolidation of power.

Latest Events

NOV

05

2024

BEFI Organises Dharna at CSB Bank Headquarters, Thrissur
-47.80

BEFI staged a protest at CSB Bank’s Thrissur headquarters on 5 November 2024, demanding the implementation of the 11th and 12th bipartite wage settlements for its employees. The protest highlights unresolved labor disputes and a perceived neglect of fair labor practices by the bank.
-50

Labor Relations and Human Rights Practices

March 22

The protest by the Bank Employees Federation of India (BEFI) at CSB Bank’s headquarters underscores significant labor disputes, specifically the bank's failure to implement agreed wage settlements. This inaction is indicative of poor labor relations and raises concerns about the bank's commitment to ethical labor practices, detracting from its overall corporate responsibility.

BEFI Organises Dharna at CSB Bank Headquarters, Thrissur
AUG

13

2024

RBI Penalty Highlights Regulatory and Ethical Failings at CSB Bank
-65.39

CSB Bank was fined Rs1.86 crore by RBI for non-compliance with regulatory guidelines concerning commission payment schemes and disclosure failures, raising serious questions about its commitment to ethical business practices.
-70

Business Practices and Ethical Responsibility

March 22

The penalty imposed by RBI on CSB Bank for contravening key regulatory provisions highlights significant shortcomings in its internal controls and ethical practices. The bank's scheme to pay commissions to incentivize NPA recovery, and its failure to disclose termination details to the Indian Banks' Association, demonstrate a pattern of behavior that undermines regulatory standards and ethical responsibility in the financial sector.

RBI Slaps Rs1.99 Crore Penalty on 4, Including CSB Bank, Muthoot Housing Finance
AUG

12

2024

RBI Penalizes CSB Bank for Regulatory Non-Compliance
-46.70

The Reserve Bank of India imposed fines on CSB Bank for a series of regulatory violations, including improper commission payments for NPA recovery, failure to notify the Indian Banks’ Association about terminated service providers, and flawed payment structures for business correspondents. This event raises concerns about the bank’s adherence to ethical business practices and regulatory standards.
-50

Business Practices and Ethical Responsibility

March 22

CSB Bank was fined by the RBI for multiple instances of non-compliance, indicating a disregard for robust regulatory standards and ethical business practices. The violations—ranging from questionable commission practices to failing to properly notify regulatory bodies—suggest deficiencies in the bank's internal controls and commitment to ethical operations, which can indirectly bolster environments of unaccountable power and authoritarianism.

RBI penalises CSB Bank, Union Bank, Muthoot Housing and others for non-compliance
JAN

05

2024

CSB Bank Employees Denied 11th Bipartite Settlement
-70.34

CSB Bank management’s refusal to implement the 11th bipartite settlement has led to prolonged labor unrest, stagnant wages, and deteriorating work conditions. The management’s decision, following a foreign direct investment infusion, has adversely affected worker rights, prompting protests and allegations of vindictive practices.
-80

Labor Relations and Human Rights Practices

March 22

CSB Bank's management decision to neglect the industrial-level wage settlement and maintain outdated salary structures reflects poor labor relations and a disregard for human rights. The article highlights how stagnant wages, lack of social security, and alleged vindictive actions against protesting employees exacerbate exploitation, undermining fair labor practices and worker welfare.

CSB Bank Employees Denied 11th Bipartite Settlement; Agitations Planned Against Apathy of Management