India, Jan. 15 -- Reserve Bank of India (RBI) has lifted restriction on CSB Bank regarding opening new branches, which was earlier restricted in view of the delayed Initial Public offering of shares of the Bank. Accordingly, the Bank can currently open branches under the general permission of RBI for all banks subject to the condition that the Bank should ensure that at least 25% of the total number of 'Banking Outlets' opened during a financial year are opened in unbanked rural centres, which is applicable for all banks, as part of the general permission.

Catholic Syrian Bank (CSB Bank) is one of the oldest private sector banks in India. Under its SME banking business, the bank caters to financial institutions, agriculture and allied busi...