The Catholic Syrian Bank wants to change distributed, homegrown systems with a core banking application that would provide an integrated view of activities across three hundred sixty three branches and enable customers to bank at any branch, rather than restrict them to the one in which their account is held. The challenge was to submit regulatory reports on time to the Reserve Bank of India and enhance database security to protect confidential financial data. The catholic Syrian Bank worked with Oracle Partner Laser Soft Info systems to customize a banking framework, adding a core banking platform also. On Oracle database teng with Real application Clusters and processed around fifty thousand transaction an hour and almost 2 lac transactions in a 4 hrs window.
Catholic Syrian Bank Personal loan Under this bank there are NRI loan services. Here loans are issued to NRIs against NRIs terms deposits held with the Catholic Syrian Bank. These loans may be used for acquiring residential accommodation in India. This bank also issues loan to NRI against immovable property shares and securities. Some highlights of home loans, Lender could be Salaried and self Employee, loan amount can be min 50000 and max 1500000, repayment time 12 yrs, min and max interest rate is 16.25%. Loan procedure complete could be in 4 days. Catholic Syrian Bank Car loan is issues under the VIP Car loan scheme and the ordinary Car loan scheme. VIP Car loans from Catholic Syrian Bank Ltd are extended to clients having funded limits greater than or equal to Rs. 2500000.
Car loan in this category are also extended to clients having term deposits grater than or equal to Rs. 2500000. Other conditions also govern the term and condition of loans extended under this category. Under the general car loan scheme of Catholic Syrian Bank, Vehicles like car, jeep or van can be taken for personal use. Loans here are extended to persons with requisite amount of income or assets, which guarantee the regular loan repayment capacity of the lender.