serpent model racing cars b.v. ( known commonly as serpent , or alternatively serpent motorsport , serpent mrc or team serpent ) was a company from heemstede , north holland in the netherlands specializing in competition grade radio controlled cars which has won numerous ifmar and efra titles , plus several national title ; they are currently chinese owned and all products are made in china as of printing .

serpent model racing cars

serpent model racing cars is one the leading manufacturers of rc radio controlled model - cars for competition purposes .
serpent model racing cars - product - cobra buggy 2 . 1 4wd 1 / 8 | my hobbies | pinterest | rc radio , radio control and model car
hpi racing hpi racing is one of the world’s leading manufacturers of radio control cars and trucks .
precision model distributors , inc . supplier of wedico model trucks and components . builder of 1 : 16 scale r / c model trucks .
model rectifier corporation large selection of hobby products including rc planes , radio control cars , trucks , boats , helicopters , flight simulators , 1 / 32 slot cars , battery chargers , model engines , model trains , sound systems , train controls and plastic model kits from model rectifier corporation ( mrc ) .
automatic timing and scoring systems for auto racing , cycling , triathlon , motorcycle racing , motocross and rc cars .
acer racing acer racing , ifmar world champions , provides the absolute best and latest in r / c racing accessories .
great hobbies great hobbies is a retail and mail order supplier of model related hobby supplies , serving model builders since 1984 .
a desire to run races with multiple cars , coupled with the emergence of small engines , of 1 to 2 . 5cc , resulted in rail tracks and rail cars . the track would consist of i section rails and the cars would sit over them , one car per rail , guided by ball race carriages . urltoken have some film of both tether and rail cars , search for model cars . some of the cars from this period are arguably the most elegant model racing cars ever produced . tether car racing continues to this day and they are the fastest model cars of all . if you want to learn more visit the website urltoken
a new player in the rtr buggy market . . . . . . . much higher grade then any of the ofna cars , and priced quite good . . available in both nitro and electric serpent model racing cars - product - cobra buggy be - rtr 1 / 8 ep
fantom racing fantom racing enterprises has been building serious horsepower for over 21 years , because we love racing , and we love to win . our mission is to continue bringing you top level racing components for many years to come .
serpent has been around from the very start of the rc racing hobby , with already over 25 years of racing experience with many national and international victories , including world titles .
lunsford racing lunsford racing manufacturers the highest quality titanium parts for your r / c cars and trucks . we are the ultimate one stop shop for your titanium r / c needs !
serpent designer michael salven explains about the upcoming release of the new serpent viper 988 1 / 8 scale gp car .
history of radio controlled cars | classic and vintage rc cars history of radio controlled cars | we are an internet source for classic rc car pictures and information . from vintage vehicles to pre - modern sports cars , you’ll find it here .
in 2006 michael salven and ronald baar became the new owners of serpent mrc , after being employed in serpent for over 15 years .
new era models new era models designs , manufactures , and supplies high - grade radio controlled model kits and model accessories . our products range from cars that fit in the palm of your hand to trucks that just fit in the bed of a pickup truck .
custom works rc cars custom works cars have won over 90 % of the national championships since the first roar nationals in longwood florida in 1988 .
serpent is a highly innovative company since the very beginning . innovating or early adopting full suspension cars , real shock absorbers , 2 - speed gearboxes , 4 - wheel - drive systems , the now famous centax ( centrifugal - axial ) clutch , the ins - box and many things more . serpent invented the 235mm class and later on initiated racing 200mm 1 / 10 scale cars .
the cars are nowadays developed using 3d cad software such as pro / engineer and solidworks and are tested at the nearby race track in heemstede . [ 1 ] other than competing in national and international championships , serpent also has its own one - make series serpent nitro tours and serpent series , also has its own drivers ' development program ( serpent driver development ) . [ 1 ]
team xray cars , misc . , option parts , spare parts , team wear
fma direct fma direct now has some 300 products in our catalog to serve our fma dealers and the model public .
to give a brief overview of the history of model car racing we should begin in the early part of the last century . that may seem a long way back but by the 1920s organisations were already running events for clockwork cars . in 1936 the model car racing association was formed in england and catered for rubber drive cars , as well as clockwork . it may well be worth pointing out that a 4wd rubber ( band ) drive car could accelerate to 40 mph in under 3 seconds , the weight of a car would typically be 3 pounds half of which could be the rubber . the cars would be released and run in a ‘straight’ line to the finish .
serpent project 4x , 1 / 10 scale istc car , introduction by david ehrbar .
smc racing smc is once again breaking the tradition and pushing to bring a better matched pack .
alclad 2 airbrush natural metal finish primer and prismatic lacquer paint finishes for polystyrene polycarbonate lexan radio control and hobby model kits .
fox manufacturing a leading u . s manufacturer of model airplane engines , glow plugs , and accessories for over 50 years .
pioneers made 1 / 8th scale pan cars using . 19 - cubic - inch 2 - stroke model airplane engines . in 1966 , an italian company , elettronica giocattoli , produced the first remote - controlled car , a ferrari 250lm . they followed it up with a ferrari p4 two years later . these model cars were imported into british stores , and it was not long before uk companies got into the act . by the 1970s , british companies like mardave produced its own nitro - or gas - powered rc cars . around 1967 , companies like wen , model car enterprises , dynamic models , and associated started to produce car “kits” .
serpent cobra gt 3 . 1 gaspowered 1 / 8 scale 4wd coming soon . . .
hobby lobby hobby lobby’s online catalog of radio controlled model airplanes , slowflyers , parkflyers , r / c boats and rc helicopters .
robinson racing products for over a decade , we at robinson racing products have dedicated ourselves to producing the finest gears available to the rc racer : we introduced 48 pitch to rc to give racers more competitive options .
team trinity monster horsepower ! trinity products is the leading manufacture of electric motors and computer matched batteries for radio controlled race cars . trinity offers a full line of products for both electric and nitro cars .
it ' s serpent ' s goal to create products , which offer a truly great racing experience . innovative , quality , ease of use and maintenance , product - support and services are key elements in our product and marketing approach and we are famous for that . to follow the market closely serpent designers are racers themselves , we support a strong race - team ( for results and support ) , we organize serpent nitro tours , serpent series and race clinics and support a young drivers program ( serpent driver development - sdd ) . with the information we gather from those activities and our active role in the market , we develop new products and product lines .
ofna racing off - road and on - road nitro gas r / c trucks , buggies . see them here first .
serpent is known for its high involvement in the rc racing market , cooperating with ifmar and other international and national federations . sponsorship of main events has always been at the core of our marketing , to help organizers create memorable events .
the solid rear axle with new lightweight 48t pulley in serpent springsteel , 9mm wide with 4 slots for the pin .
irrgang racing service irs is a manufacturer of custom aftermarket parts for a variety of radio controlled cars . our goal is to make quality parts at an affordable price . we specialize in axles and aluminum hubs but make a variety of other products .
serpent serves a worldwide market of rc racers through a dense network of highly experienced distributors and rc shops . the design and marketing office is based in holland , close to the famous heemstede racing ( and test ) track . the expert - factory and central warehouse are based in china . serpent operates central warehouses in germany , hongkong and usa to take care of the respective regions .
serpent designer billy easton , former 1 / 10 scale 2wd world champion , and the designer of the successful cobra 1 / 8 series of cars , and the spyder 1 / 10 rm , mm and sct , has created this new masterpiece .
in 2008 the dutch company went into bankruptcy . [ 8 ] the recently started off - road projects were paused and the brand and the stock was sold to new company vectorrc in holland . serpent ltd in hong kong is now in charge for the production and distribution in asia , serpent europe for europe and serpent america for the american region . michael salven , ronald de baar are owners of the serpent brand and run a company ( vectorrc bv ) that takes care of the development and the marketing world - wide .
copyright © 2016 inside line racing limited . all rights reserved . vat no : 155614902 - reg no : 09890088 - registered in england / wales
venom group international venom racing is dedicated to providing quality products at realistic prices , to make your rc experience as rewarding and competitive as possible .
from internal combustion rail cars came electric rail cars and from these , my research would suggest , came slot cars . radio control of vehicles was possible by the mid 1950s but it was rudimentary and commands sent to a vehicle would allow it only to turn fully one direction or the other . by the mid 60s radio control units were available that gave proportional control , steering inputs could be precise and throttle control possible . finally after nearly half a century the dreams of model car enthusiasts of being able to race wheel to wheel around a track were about to be realised .
first place for dimitris papadopoulos serpent 748 wc driver in the third round of the greek championship after a dramatic race in stamata attica .
the testor corporation testor hobby finishing materials and accessories , plastic model kits , craft paints and supplies , and airbrushes are sold world - wide , satisfying the demand for these fine products .
- the bell crank accepts a bearing raced crossbar with zero slop . it’s designed with the optimal ackermann to increase the cars driveability .
in 2011 , vectorrc teamed up with 2 new partners in china and created serpent ltd hong kong . by moving to china , serpent has been able to develop the car line - up massively to over 30 different models , while maintaining the very high quality and performance standards .
xenon project rc toys are our specialty here at xenonproject . com . come browse our huge selection of rc airplanes and nitro rc cars .
in 1976 , the first purely electric remote - controlled cars reached the market . possibly the most famous remote - controlled car manufacturer was the japanese company tamiya , which in 1976 released the electric porsche 934 turbo model . tamiya also made waves in 1979 when it released the sand scorcher and rough rider , two dune buggy models that could go off road . when enthusiasts were no longer limited to paved roads , remote - controlled cars were poised to take off in the 1980s . in the ’80s , american companies like losi , associated electronics and latrax ( traxxas ) , as well as tamiya and kyosho in japan , continually introduced innovations in radio - controlled model - car designs .
within a few years , in america , miniature petrol engines were being put into cars , but a greater need for control was required . circular cable ( tether ) tracks were built and by 1940 speeds of 60mph were being achieved . the american cars tended to be manufactured as kits by such companies as dooling bros and ohlsson & rice . meanwhile , in england , there appears to have been much more reliability on the engineering skills of modellers and scratch build cars were much in evidence . today tether cars from this period have become collectors pieces and can change hands for not inconsiderable sums of money . one short coming of this type of racing was that only one car ran at a time , against the clock .
the innovative serpent true motion centax clutch is fitted . serpent as inventor of the original centax clutch , has developed the clutch over the years and the current version excels in power throughput , reliability and eas of setting . the standard verison comes with aluminium clutch bell and hard anodized clutch - gears .
we are an internet source for classic rc car pictures and information . from vintage vehicles to pre - modern sports cars , you’ll find it here .
roll cage city / vg racing we are designers and manufacturers of custom fit roll cages and hop up parts . we also stock all major parts in our factory store .
m & m hobby center 6703 chimney rock , bellaire tx 77401 , phone : 713 - 661 - 2270 , m & m hobby center , your discount hobby shop , with over 20 years of experience we carry an extensive inventory of r / c cars , trucks , in addition to after market parts and plenty of accessories . in addition to r / c hobbies we also carry plastic and die - cast models , books , model trains , r / c helicopters , airplanes , slot cars and a whole lot more .
horizon hobby , inc . horizon hobby – your r / c hobby source for cars , planes , engines , radios , helis , models and more .
our online store contains all the products you need to race remote control cars : radios , engines , servos , cars , buggies , bodies and more . our inventory is live , so quantities shown are in our warehouse and ready to ship out . orders ship out within 24 hours . any questions , contact us :
golden horizons we are a company who specialize in manufacture and promote r / c cars , helicopters , parts , optional hop - up parts , tuned pipes .
traxxas – ready to race® we create , design , and manufacture hobby - class radio controlled cars , trucks , and boats in both nitro and electric categories .
in 1979 , geneva held the first 1 / 8th scale on - road gas world championship . phil booth , from england , was crowned world champion driving a pb racing car .
competition electronics , inc . competition electronics manufactures quality battery chargers / dischargers for r / c cars and planes as well as shot timers and chronographs for the shooting market .
ton sold off his shares to bervoets in 1997 who in turn sold the company off to ronald baar and the works ' championship winning driver and designer , michael salven in 2005 [ 5 ] [ 1 ] to allow him to concentrate on his other project that he had also been running for years before , virtual rc racing , specializing in rc car racing simulation for home computers . [ 6 ]
anti - roll bars can be fitted on the front and rear of the car , but are optional . they can be used on high grip surfaces to further adjust the cars performance
the company was officially founded in 1980 by pieter bervoets and companion ron ton and started in 1 / 8 scale gas powered on road racing , but has developed into other segments of the rc market step by step .
03 - 13 - 2016 we will like you to inform you that we have in stock the following hot products : serpent cobra gt 3 . 0 : urltoken ; = 0 & page ; = 1 novarossi mito 35 gt5 : urltoken ; = 82 & page ; = 1 new low prices in the rtr line of products : urltoken we will also like to remind you that we have a complete stock and support for all the brands that we represent : serpent , picco , matrix , novarossi , walkera , sanwa , arrowmax , xceed , jz racing , alpha , titan . thanks for your continued patronage . all news subscribe
one of its highlights of its competition career is the total domination during the ifmar world championship for 1 : 10 scale 235mm ic on - road cars that took place in apeldoorn , in the netherlands ; when the impacts , its competition car for the category at the time , dominated the top 10 positions in both the class 1 ( sportscars ) and class 2 ( touring cars ) . [ 4 ]
the lightweight long centre shaft is made in 7075 t6 aluminium , black coated and the short rear one in serpent spring steel , dog bone style . combined with very durable and lightened spring steel driveshaft adaptors .
rc universe rcuniverse is a place to buy or sell your rc stuff in an auctions or classified system and discuss rc planes , cars , helicopters , boats , engines , radios , park flyers and more .
- the lightweight long centre shaft is made in 7075 t6 aluminium , black coated and the short rear one in serpent spring steel , dog bone style . combined with very durable and lightened spring steel driveshaft adaptors .
composite chassis plate with a layout allowing for a perfect weight balance , and optimal space for the electronics , battery and servo . the front kick - up angle in the chassis incorporates more clearance for racing and allow for more nose landings
cobra srx8e buggy 1 / 8 ep high end competition racing e - buggy in block - layout ( upgrade to saddle pack as option ) . bigbore shocks , 3 big volume gear - diffs , arms with inserts . 7075 t6 aluminum steeringblocks , c - hubs , uprights , suspension brackets , shocktowers , motormounts , centre diff brackets and chassis . fully adjustable racing car . polycarbonate avenger e - buggy body , large moulded rear wing . no electronics . shares suspension , shocks and diffs with gp buggy srx8 # 600017 .
serpent 1 / 8 scale viper 977 racing car . 2013 - 2014 ifmar tq and world champion , japan tadahiko sahashi with viper 977 gaspowered toplevel racecar with 4wd , belt - drive , centax true motion clutch , sl8 gearbox , flex - system front and rear , brake on rear axle , front one - ways , rear sold axle , ballraced anti - rollbars . a fully adjustable race chassis to the latest spec and technology . lighter , simpler , stronger , new geometry , more tuning features .
- a full range of optionals and tuning parts are available : shock springs , anti - roll bars , lightweights parts , alternative c - hubs , moulded uprights , and so on ; check the serpent web and srx8e manual for all info .
serpent 411 rtr , 1 / 10 scale touringcar racer , completely assembled , with 2 . 4 ghz transmitter , dragon - rc speedo and bl motor , mg servo , slick racetyres and prepainted and pre - cut body . all info : urltoken
serpent 411 rtr , 1 / 10 scale touringcar racer , completely assembled , with 2 . 4 ghz transmitter , dragon - rc speedo and bl motor , mg servo , slick racetyres and prepainted and pre - cut body . all info : urltoken show less
as of 2009 , serpent have won a total of seven world ( ifmar ) and thirty three european titles ( efra ) together with five japanese ( jmrca ) and eight u . s . ( roar ) national titles as well as three winternats . [ 1 ]
hudy ultimate professional r / c products known world - wide as the producer of high - end products for rc gas , rc electric and rc slot cars . the mark of excellence is the elegant hudy design in combination with the high - end quality material .
competitionx competitionx , a web site for the serious racer . offering racing setup sheets , free rc manuals , rc how - tos , massive rc glossary , rc driving tips , rc car building tips , rc maintenance tips , rc setups , rc links , rc track directory , rc wallpaper and more .
i am probably only going to repeat myself here . . . but as you have a few other questions . . . . in my mind if you are just out to have fun then there is no need to spend $ 500 . . sure the $ 500 car maybe lighter . . better handling . . . . better for jumping . . . . whatever . . . . but i can promise you a hyper7 ( or the ofna lx ) will put a smile on your face and you will have no clue as to the performance difference between that and a $ 500 car . . . . even if you had both side by side running around the park the differences are not massive . it is only with an intent to race you want to be looking for the most capable vehicle you can afford . . . the more expensive cars will be running rings around budget cars . . . . . and also you would have to spend much more than $ 500 to be competitive in racing . finally , also bear in mind that some manufacturers do update their models often and that means the older model is discontinued , making parts hard to find . . . . cough serpent ( on road ) cough . . . a long time ago the hyper7 was a race car and it is still being made today and the parts from a new one will fit one that is ten years old . . . like i said never a doubt in my mind about the answer to your question ( only confusion is the distributor problem in the us ) .
serpent mk . iii super pro sp - 3000 : intro - date : 1981 designed by : ron ton 3 , 2mm grp chassis , 5mm aluminium lightened motorpod . ferodo disc brake with ball bearings . 4 - pin clutch . ‘limited slip’ differential . 3 , 2mm epoxy radioplate , quick exchange on rear wheels . ‘ron ton’ side - exhaust . new front axle with angled caster pins . the mark iii series of serpent had 4 models : alfa , competition , super competition and super pro . main results : winner of 3 european titles and 17 national ( the netherlands ) titles
- the durable serpent spring steel wheel axles are captured cvd style and have rubber boots to protect the system and bearings against dirt and dust , so it will all last longer . the wheel hex is a durable hard aluminium version which fits all popular wheels very well . the pins in use are 3mm ones to increase durability .
so i have ruled out hpi buggies as reviews have not been so hot . i am now researching the serpent cobra but not finding as much as other brands . with newer cars are parts harder to find then i assume ? the losi 8ight 2 . 0 gets really good reviews but are they really $ 200 better than the associated rc8 ? i am also real curious if the associated rc8 is worth $ 200 more than an ofna lx2 or a hyper 7 or the losi 810 ? ugh ! ! ! so many directions here i know . am i really getting a better car at the $ 500 range or are these older $ 300 budget cars just as good ? it seems like i am looking between 2 price points $ 300 / $ 500 but i have no clue the differences if any . is the rc market like any other technology and every 6 months upgraded ? or is this untrue in rc and a year or two old car is not much different than newer models ? analysis paralysis . . .
we are also proud that our in - house racing experience ( spanning over 30 years ! ) means we can offer advice and support on your purchases , to ensure you get the best out of your car ! we hope you found what you needed . if not , please email us , or give us a call and we will do our best to get it for you .
- new style manual in landscape orientation to have more space to explain all , and have correct layout for screen use as well . full color version with additional detailed views and notes , and also showing the hardware in real size on each page in full color pdf style . its available online and also on a nice small usb stick with serpent logo in the kit .
the shockabsorbers are the latest serpent rcm units with membrames . the threaded houses with setting - nuts ( or - ring inside ) makes ride height changes easy and precise . the front and rear shock are identical . the rcm shocks are very smooth , and easy to assemble and fill . the shocksprings are selected , matched , flatgrinded , colorcoded units , equal length front and rear .
the brake moved to the rear axle , next to the solid axle pully . this reduces the inertia effect of the brakedisc a lot because the rear axle spins much slower than the twospeed shaft . also the brake - stress on the rear belt is almost gone . it’s a very compact system and well protected against dirt , but still open enough to allow for sufficient coolng . the swimming ventilated brake - disk rotates on the rear axle and the springloaded cam - operated brake pads will provide all the stopping power you may need . the race brake pad material is baked on strong steel plates and allows very precise braking with lots of brake - feel / feedback . instead of a cable we opted for the well - proven wire - linkage of all serpent cars .
wow decisions decisions . . . . i appreciate the recommendations but i am swimming now with so many models to consider . assoc rc8 . 2 / dtrax 835b / hpi d8s / ofna lx2 / losi 810 / hyper 7 and why is it that the mfgs always state speeds with cars but not really buggies ? what are speeds on some of these buggies ? any idea ? ? ?
the prepainted and pre - cut light and low cab - forward style body , made in top quality clear polycarbonate , has a nice flowing line , steep front windscreen for down force with indents in the section in front of the windscreen . the shark fin on the roof of the cabin offers not only style but stability . the smooth body lines enhance the cars appearance and do so in style
the body for the srx8 - e buggy is a medium downforce design with steep angle front windshield , wide angled sides and stepped rear side to guide the air onto the rear section and rear wing . the body leaves plenty space to mount electronics and fans as needed . made in top quality , clear polycarbonate and comes with a practical masking sheet and a separate serpent and cobra srx8 logo decal sheet .
- the body for the srx8 - e buggy is a medium downforce design with steep angle front windshield , wide angled sides and stepped rear side to guide the air onto the rear section and rear wing . the body leaves plenty space to mount electronics and fans as needed . made in top quality , clear polycarbonate and comes with a practical masking sheet and a separate serpent and cobra srx8 logo decal sheet .
serpent cobra gt 3 . 1 1 / 8 ep serpent introduces the updated version of the cobra gte . the cobra gt is a very popular choice in this class with superb performance and being known as a very durable car too . time to add some extra refinement . the cobra gt is sensitive on the shock - angle and position both front and rear and that have been fine - tuned even more . the new version aluminum shock extensions in the front and rear are a bit longer than before , as testing showed a good increase in handling . the new super - durable carbon fibre shocktowers and new upper hardcoated alu shockmounts make things perfect . the cobra gt 3 . 1 version gets the most popular shock springs as standard , and same goes for the ball raced anti - roll bars and shock and diff oils .
here ' s my race report from last weekend euros warm - up : euros warm - up is in the books ! it was a fun weekend of racing driving on a very high grip track . qualify didn ' t go as planned and i had to bump from quarters to semi . on semi i ' ve made a couple of mistakes which cost me a lot of time making it impossible to bump up . it was a good practice for the euros . . .
ok . . . so i have an older tamiya & hpi nitro car that i have not run in many years . my son saw the cars and decided to pull them out with a whole box of stuff . the bright yellow custom viper body caught his attention . these cars are beat and despite my best efforts i cannot get them running . so now we have started looking at nitro buggies that we can run in the fields behind the house . not much clean pavement around here anyway so cars may pose an issue . so the days of the good local hobby store seem to be long gone as well . after researching forever we have one store close that sells rcs . the boy and i took a 30 minute ride there more or less to window shop . they could not tell me anything about the cars they sold whatsoever . sad ! even the online store i called could do nothing more than read off the website . eeegad i did not call for them to read me what i already read myself . i am really intrigued by the looks of the traxxas jato 3 . 3 , hpi d8s , hpi trophy 3 . 5 or 4 . 6 , and hpi pulse 4 . 6 . the d8s and the trophy are higher up the list right now . i know i have a lot of hpi listed but that is what i know and my hpi car rocked back in the day . i am sure the stuff today has evolved tremendously compared to my experiences . any input on these models ? what else should i be looking at ? is hpi still good quality or junk ? help me out here . . . i just want a couple of good fast buggies that myself and the boy can run hard and put away wet . i would like to be in the $ 400 to $ 450 ballpark but i will go a bit higher for better quality . thanks !
- the light machined aluminium motor holder uses a slider which is secured with only one screw , a system which serpent applied from the very beginning in the 811 - be and 977 - e already . the slider plate is a little bit thicker to mount the motor and still clear the mount when sliding . both slider and mount come grey anodised . in case of using the saddle layout , the same motor mount is used , just the centre insert is turned around 180 degrees . so a very smart , integrated and versatile design .
serpents design team consisting of michael salven ( multiple world and european champion ) , and billy easton ( world en multiple us champion ) uses state - of - the - art 3d design software ( pro - engineer and solid works ) . the famous heemstede race track is very close by and offers a superb location for most of the test - work . many times the test - team travels to other tracks or even abroad to do final testing under many different circumstances . serpent team - drivers are also involved in test and development work .
the company was officially founded in 1980 as a brand name to berton bv , named after a combination its founders , pieter ber voets and ron ton who were both radio controlled car racers . [ 1 ] the pair built their first rc car in 1972 , using a kyosho dash 1 chassis modified by themselves , [ 2 ] then in 1977 , the duo started to develop their first car under the serpent name in 1977 and in 1979 , both bervoets and ton had won separate efra 1 : 8 titles with their mk . iii pro . [ 3 ]
the design of the cars varied considerably . some were quite intricate and had in line engines connected to operational gearboxes and had basic suspension . others were simple flat bed ( pan ) chassis with sidewinder engine configuration driving directly on to a gear mounted on the rear axle or on to one of the rear wheels . almost all had centrifugal clutches , this was to become a roar requirement , but dynamic produced a car that had a torque converter with epicyclic gears operated by a lever , to provide drive . over time , maybe as a result of engines producing more power but more likely by the cost of manufacture , chassis design began to move toward the flat bed / sidewinder type . by the mid 1970s flat beds reigned supreme and would do so until 1980 .
serpent natrix 748 - wc 1 / 10 scale 4wd gaspowered 200mm car 4wd , belt - drive , new v2 gear - differentials front and rear , new larger pulleys , new sidebelt , centax tm clutch , xli 2 - speed gearbox , 75cc tank , chassis 7075 - t6 , carbon radioplate and shocktowers , low bigbore shocks , ball - raced anti - roll bars , fully adjustable . 2014 - 2015 worlds tq and vice champion main new evo parts - new big bore shocks and shocktowers - new v2 geardiffs front and rear - new larger pulleys and new sidebelt extra wc options added 803240 cvd - set pro ( 2 ) ( to use in the rear ) 804273 chassis weight 25gr 747 804296 body support rear ( 2 ) 804360 throttle lever alu 804363 steeringblock lever carbon 748 ( 2 ) 2016 - 2017 world champion - dominic greiner 2016 - 2017 vice world champion and superpole winner - alessio mazzeo
unfortunately hpi has been dropping the ball lately the trophy series from what iv ' e read and heard are junk . i of course have no first hand experience with them but read around most everyone with one has something bad to say . now about the d8s it of course is just a rtr of the hot bodies d8 and its a well known good car it would be a good choice off your list . the traxxas jato i myself would love to buy one lol very fast 2wd off / on road car lots of hopups and so on but with any 2wd they have there limits . now you said a
couple
cars is that 400 - 450 price range for each car or that for both i ' m assuming for each from what u picked on your list . if you just looking for a buggy to beat the snot out of id take a look at the ofna lx2 or the hobao hyper 7 both at the 300 . 00 mark . this would leave you money left over for what ever u need be it tools better servos or whatever
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spyder mt2 1 / 10 ep 2wd 1 / 10 scale monster truck in 2wd version with big monster truck tyres / wheels and mt body . brushless motor and waterproof 45a speedo . metal gear servo . dragon 2 . 4 ghz transmitter and supersmall receiver .
project 4x evo 1 / 10 ep the project 4x evo touring car has a unique and proven design , in which the suspensions works in a very effective different way , with an extremely low center of gravity , very easy to work on and very durable . easy to drive and lightning fast !
during the qualifications on sunday , john ermen put down the first tq by not refueling . robin d ' hondt the second time and myself on three . with six seconds behind robin by a mistake . the second q . i improved my time with 6 sec . and came on 1 sec . robin and john were not feasible due to the loss of the refueling . except john , there was no one who made the five . . .
the first race of the swedish cup series 2018 was held in växjö . actually it was supposed to be the second round but the first race in eskilstuna was cancelled due to a low number of participants . at the race in växjö however a good number of racers turned up . 45 participants in total in three different categories decided to particpate and in the 1 / 8 class . . .
pontus larsson winning setup in this weekends race . tq and win at procircuit race in sweden .
the car is designed by billy easton in the usa and is based on the 2016 released cobra srx8 gas - powered buggy and shares the whole front and rear suspension system , shocks and geardiffs .
the cobra srx8 - e offers some unique features that make it really special . the srx8 - e comes standard in block or brick pack layout as this is the most commonly used one . however the srx8 - e can be changed in very little time to the optional saddle pack lay out , using the same chassis , motor holder and centre diff holder .
the optional upgrade set to the saddle pack layout consists of the 2 light battery trays / sideguards to be used with touch - belts or optional carbon top decks , composite chassis stiffeners and the 2 long centre steel shafts . the receiver box moves from the rear section to the front centre . the smart layout and use of universal parts makes changing from block to saddle layout a quick and easy as chassis and motor holder are the same .
the sturdy composite chassis stiffener in the rear doubles as geardiff - cover , and an additional stiffener in the centre connects the front and rear end . for more flex that one can be removed , as also the battery - box already adds stiffness in that area . the front stiffener is integrated in the servo / speedo holder and connects to the top - bracket .
composite block style battery tray with self - adhesive bottom foam padding and side foams for battery protection . 3 pieces onetouch straps are included to fasten the lipo in position .
the left side - guard on the block layout features and user friendly rail and top cover to nicely guide and protect the longer receiver cable .
the completely closed srx8 - e chassis is made in 4mm 7075 t6 aluminium and has flat but chamfered sides , countersunk holes and a kick up . hard coated for durability . the same chassis is used for the block and saddle layout . the chassis stiffness comes from the smart design integrated moulded centre stiffeners as well as the strong and durable sideguards . this package creates the optimal flex characteristics needed .
the composite receiver box with cover bolts onto the chassis and fits all modern receivers , even ones with build in antennas . the receiver box can also be mounted in the front centre section , which is normally used in the saddle configuration only . a nice carbon looks decal on the top cover .
the combined speedo holder / servo holder is a durable unit which will fit all most popular speedo’s and servo’s easily . the whole unit with mounted gear can be easily taken out for maintenance or cleaning .
strong grey coated aluminium machined centre diff holder on one side and the other side is integrated in the motorholder featuring a slide , which can be turned around when used for the saddle layout .
the srx - e comes as a very complete and high end race - buggy with many nice 7075 t6 machined aluminium parts like c - hubs , centre front shaft , , steering blocks , uprights , shock towers , chassis , one - screw motor holder and centre diff brackets , as well as suspension mounts .
- strong grey coated aluminium machined centre diff holder on one side and the other side is integrated in the motorholder featuring a slide , which can be turned around when used for the saddle layout .
- the combined speedo holder / servo holder is a durable unit which will fit all most popular speedo’s and servo’s easily . the whole unit with mounted gear can be easily taken out for maintenance or cleaning .
- the composite receiver box with cover bolts onto the chassis and fits all modern receivers , even ones with build in antennas . the receiver box can also be mounted in the front centre section , which is normally used in the saddle configuration only . a nice carbon looks decal on the top cover .
- the completely closed srx8 - e chassis is made in 4mm 7075 t6 aluminium and has flat but chamfered sides , countersunk holes and a kick up . hard coated for durability . the same chassis is used for the block and saddle layout . the chassis stiffness comes from the smart design integrated moulded centre stiffeners as well as the strong and durable sideguards . this package creates the optimal flex characteristics needed .
- the left side - guard on the block layout features and user friendly rail and top cover to nicely guide and protect the longer receiver cable . the sideguards keep debris out and protects against side - impact .
- composite block style battery tray with self - adhesive bottom foam padding and side foams for battery protection . 3 pieces onetouch straps are included to fasten the lipo in position .
- the sturdy composite chassis stiffener in the rear doubles as geardiff - cover , and an additional stiffener in the centre connects the front and rear end . for more flex that one can be removed , as also the battery - box already adds stiffness in that area . the front stiffener is integrated in the servo / speedo holder and connects to the top - bracket .
- the dual axis steering system with integrated servo saver is mounted under an angle for less bump steer and a more direct steering feel . the axels are made in lightweight aluminium .
- it incorporates a helix in order to guarantee the proper operating of the servo saver assembly . the servo saver spring is protected by a dense foam cover , to keep debris out . the spring pre - tension clamp nut can be locked in place to avoid turning loose . ackermann changes can be made easily .
- the strong moulded differential cases which contain the differential and support the shock towers .
- the diff - gearcases are bigger in volume to allow more diff oil . the diff now has cavities designed specifically for closed cell foam . this foam will compensate for expansion of the oil , which will allow us to fill the diffs more full , keeping the gears fully engulfed in oil . the cavity where the gears rest has also been redesigned so that there is not low pressure zones outside of the gears . this will keep more oil on the gears even when spinning at high rpms . this in turn will keep the diff more consistent at low and high speeds as well as hot or cold .
- gears 28 / 14 / 44 : the hard metal 28t and 14t satellite gears have a larger overall diameter , to make sure they are more in oil , making the diff more consistent , smoother and stronger . the steel 44t ring gear is lighter and has a perfect match with the new 28t gear .
- the steering blocks are made in 7075 t6 aluminium and are anodised in black . these steering blocks have been designed to allow you to change the ackermann at the steering spindle as well as give us the optimal scrub offset in conjunction with the caster block . the bushings press into the blocks and reduce any unwanted play .
- the 15 dgr c - hubs are made in 7075 t6 aluminium and are anodised in black . these open style very durable units allow enough space to allow for the maximum steering angle and allow space to mount the rubber dust protectors on the cvd system . as optional we offer 13 , 17 and 19 dgr c - hubs too .
- the uprights are made of 7075 t6 aluminium and are universal ones to be use left and right . the new uprights have the roll centre adjustment in them with small inserts . set screws are used to tighten down on the hinge pin to eliminate any unwanted play . in the bottom part 2 threaded holes are made to allow for mounting the optional brass weights of 15 gr each for rough conditions .
- very durable and long moulded wishbones front and rear . the composite is chosen to have enough flex as needed . the design has pockets in the top and bottom part of each arm to mount the standard moulded insert plates , or the optional carbon fibre ones . in that way you can choose the right arm flex for each condition . even different or no inserts front or rear and mixing moulded and carbon inserts is possible . the moulded inserts will stiffen the arms only a little , but keeps them cleaner . the carbon ones , or mixed with moulded ones will stiffen the arms a lot . many options to try and apply . the front wishbones have 2 holes for shock - mounting , the rear ones even 3 .
- the mudguards are offered in lightweight transparent polycarbonate and can be left clear , be painted or skinned as preferred .
- the suspension brackets are cnc machined in 7075 t6 aluminium and grey anodised . they key into the chassis for perfect fit . the brackets have precision machined pockets to use a full range of moulded inserts to change the set - up .
- the anti - roll bar system is the best around . precision made wire runs in ball raced adaptors on the front and rear diff case - plates . super free and stabile . the wire connects to a ballpoint which is fitted with a pivot ball to the wishbone . the works !
- the front and rear shock towers are durable hard anodised 4 . 5mm 7075 t6 aluminium units , cnc machined . 4 positons each for shock - angle and 6 for roll centre .
- big bore shock with hard coated dual - system caps and hard coated bodies . durable polished steel 3 . 5mm rods are used with hard anodised caps and threaded shock - bodies . a new seal pack consists of machined bushings and new x - rings and is kept in place with a small inside clip . the shock pistons are machined delrin units for best performance . the shock - tops in the kit can be used membrane style or emulsion type with seals .
- race shock spring which are hand - selected and paired . the shock springs are grinded flat for perfect operation .
- the rear wing holder is a super durable and light one piece moulded unit . the holder has 4 different angle spacer to chose from .
- a new avenger style body is developed for the srx8e with medium level downforce . cab - forward style body with small fin on the roof for stability . nice flowing sides with small rear upward fins for rear downforce . top quality polycarbonate . the body has nice trim lines for easy cutting . same for the body holes . a masking sheet is included to assist with paintjob preps .


the catholic syrian bank limited ( csb ) is an indian private sector bank with its headquarters at thrissur , kerala , india .

it is one of the oldest banks in india .

the bank has a network of over 420 branches and more than 240 atms across india .

catholic syrian bank

the board of directors of catholic syrian bank has appointed anand krishnamurthy as the new managing director & chief executive officer of catholic syrian bank .
catholic syrian bank federal bank bank of india m . venugopalan v . p . iswardas larsen & toubro bank of ayudhia ganesh bank of kurundwad tamilnad mercantile bank s . santhanakrishnan
for all the branches of
catholic syrian bank ltd .
in
thrissur
district )
catholic syrian bank ltd . branches , kerala , all branch addresses , phone , ifsc code , micr code , urltoken
thrissur : tony john akkare , s . swaminathan and prakash g . tole were re - elected members of the director board of catholic syrian bank on thursday .
catholic syrian bank ceo c . v . r . rajendran says the bank has hired jm financial as the merchant banker for the qualified institutional placement ( qip ) . photo : hemant mishra / mint
the products and services of the catholic syrian bank are meant to provide utmost customer satisfaction . by being a customer of the bank , one can be assured of financial stability and high returns . some of the well known segments under which the services of the bank are based are :
kochi : three new members were elected to the board of kerala - base catholic syrian bank ( csb ) on friday at the bank’s annual general body meeting . the new additions gain significance in light of almost year - long attempts to merge csb with kerala - based federal bank .
directors of the catholic syrian bank ltd are subbaiah singala , maniedath madhavan nambiar , ashish ahluwalia , madhavan karunakaran menon , thomas mathew , rajendran chinna veerappan , trikkur seetharaman anantharaman , radha unni , chirakkekaran bobbyjos , .
kochi : in what could be termed as a new year bonanza for thrissur - based catholic syrian bank ( csb ) , the reserve bank of india ( rbi ) has granted approval to fairfax financial holdings , promoted by canadian billionaire prem watsa , to buy majority stake in the bank .
the earliest banks were mostly on community lines , which is in line with both the indian and global experience . the malayali bank , promoted by namboodiris , was the first such bank in 1919 . this was followed by chaldean syrian bank , named after chaldean christians of thrissur . in 1921 , c . r . iyyunni , a lawyer and social activist , set up catholic syrian bank . tamil brahmins of thrissur formed their own dhanalakshmi bank in 1927 .
thrissur is home to three major banks—catholic syrian bank , dhanalakshmi bank and south indian bank . these banks are currently classified as old private sector banks—they are among the few managed to survive in the private banking sector over the years . their history is quite remarkable and needs to be discussed briefly .
ranking among the well known private banks in india , the catholic syrian bank is an organization that is preferred by lots of customers across the country . it offers a number of customized solutions and services of high standards to fulfill the needs and preferences of the customers and help them to enjoy financial stability . the catholic syrian bank has a strong presence in the rural areas in india and is a well known financial organization related to the agricultural sector .
the catholic syrian bank ltd ' s annual general meeting ( agm ) was last held on 25 september 2017 and as per records from ministry of corporate affairs ( mca ) , its balance sheet was last filed on 31 march 2017 .
welcome to the catholic syrian bank . incorporated in 1920 , csb is one of the pioneers of the banking industry in india . with a very progressive work environment and an increasingly youthful employee demographic , joining csb will give you space and opportunity to flourish .
insurance is a major part of the products and services of catholic syrian bank . there are long term insurance benefits as well as short term insurance benefits . one can avail car insurance , health insurance , housing insurance and lots more from the bank . some of the popular insurance products that are offered :
“the board has given the approval to raise up to rs400 crore through a qip before end october . we have appointed jm financial as the merchant banker , ” said c . v . r . rajendran , managing director and chief executive of catholic syrian bank .
to increase its overseas presence , the catholic syrian bank offers a number of high class services and financial solutions to the non resident indians . most of the banking transactions are carried online which makes it more hassle free , easy and convenient . some of the well known accounts which are offered by the bank are :
mumbai : kerala based - catholic syrian bank ( csb ) ltd is looking to raise as much as rs400 crore by selling shares to financial institutions , following the collapse of its plan to sell a major stake to prem watsa owned fairfax financial holdings ltd over differences in valuation .
john chandy , a local businessman and the convener of catholic syrian bank protection committee , an organisation that was formed when chansrichawla picked up his stake in the bank , believes the board prefers a merger . he wouldn’t give any evidence , but that’s the general perception as well — but for the disagreement on valuation , the merger would have gone through .
banking and financial services sector has seen the biggest qips , led by state bank of india ( sbi ) and kotak mahindra bank . other banks that have tapped the qip route this year include yes bank , federal bank , dcb bank and united bank of india , which have collectively raised close to rs8 , 000 crore .
out of the nine banks , just four remain today , with three of them from trichur . a remarkable feat , considering the fact that there are only 12 old private sector banks in india now . the catholic syrian bank is about to celebrate its 100th birthday in 2020 and the other two are about to enter their 90s .
the catholic syrian bank ltd ' s corporate identification number is ( cin ) u65191kl1920plc000175 and its registration number is 175 . its email address is board @ urltoken and its registered address is head office ,
csb bhavan
, post box no . 502 , st . mary ' s college road , thrissur kl 680020 in , - , .
south indian bank was an exception . the 42 businessmen who formed the bank did not want the bank to be affiliated to a community or religion . thus , they chose the name “south indian bank” and registered it in 1929 .
guide : - click to refresh corresponding list field disabled / not selected please look for the correct name of the bank , e . g .
federal bank
is actually
the federal bank .
thingalaya ( banks in the south : past , present and their future , 2009 ) , in his exceptional work on india’s banking history , says that there were about 38 banks in thrissur alone . most of these banks were on community lines as their names indicate ( cochin nayar bank , mar appraem bank , mar thoma syrian bank , etc . ) , some were dedicated to hindu gods ( lakshmi prasad bank , sree radhakrishna bank , etc . ) and others were more generic ( bharata union bank , cochin reserve bank , etc . ) . from these 38 banks , we have three surviving banks , which makes their overall achievement even more impressive .
csb would be an ideal fit . there would be no cultural issues , as both banks serve in the same market . only about 16 branches would have to be relocated . a merger would make federal bank the biggest private bank in the south after icici bank and hdfc bank .
obviously , all this attention irks iswardas , who wants to retain the bank’s independence and the catholic syrian community in kochi , backed by the church that wants it to retain its community identity . their answer ? to treble the business of the bank to rs . 30 , 000 crore in two years , expand its footprint , create a presence in all states in the country and raise money from the market to fuel that growth . iswardas hopes that this would discourage existing investors from selling out .
the catholic syrian bank ltd is a public incorporated on 26 november 1920 . it is classified as non - govt company and is registered at registrar of companies , ernakulam . its authorized share capital is rs . 1 , 200 , 000 , 000 and its paid up capital is rs . 809 , 620 , 800 . it is inolved in monetary intermediation [ this group includes the obtaining of funds in the form of deposits ]
head office the catholic syrian bank ltd csb bhavan , head office : p . b no . 502 , st . mary ' s college road , thrissur - 680 020 kerala , india phone : 91 - 487 - 2333020 , 2333277 , 2333420 , 2333477 , 2333493 , 2333472 , 2333469 , 2333445 , 2333261 , 2338760 , 2338759 , 2338762 , 2321137 , 2332186 , 2332058 , 6451706 , 6451708 , 6451709 fax : 91 - 487 - 2333435 website : urltoken
catholic syrian bank’s qip plans comes at a time when fund raising through this route has touched a record this year . mint reported on 6 september that 18 companies raised rs34 , 881 . 5 crore through qips so far this year . after this , bajaj finance raised nearly rs4 , 500 crore through a qip in early september , raising total qips to rs38 , 681 crore , and beating the 2009 record of 54 companies raising rs34 , 675 . 75 crore through this route .
for iswardas , ironically , the biggest support would come from the representatives of the catholic syrian community . the csb protection committee is headed by the archbishop of thrissur diocese . it’s a powerful institution there . several churches , seminaries , trusts and institutions come under it . it runs 14 hospitals , six colleges , five professional colleges , training institutes , many schools . father raphael thattil , vicar general of the archdeocese , says the bank isn’t a mere commercial entity . the diocese , he says , is dead against any merger or the loss of the bank’s identity .
“we would like to see three years of profitability before we go for an ipo . meanwhile , we believe that fund - raising through qip will help us meet the bank’s capital requirement for the next two years , ” rajendran added . at the end of march , catholic syrian bank had a capital adequacy ratio of 12 . 15 % , higher than the 10 . 25 % mandated by basel - iii norms . but it needs to beef up its capital position to grow its loan book faster than the 3 . 4 % rate in 2016 - 17 . the bank had reported two years of losses before showing a profit of rs1 . 5 crore in 2016 - 17 .
iswardas’ office is on the fourth floor of csb towers , an undistinguished building surrounded by educational institutions — st . thomas college , st . mary’s college a couple of schools — not far from the heart of thrissur . some of these are run by thrissur diocese , a powerful christian institution that has had a long association with the bank . the church continues to bank with csb . the bank was started by the syrian christian community in thrissur back in the 1920s .
in 1994 , csb seemed to be a good pick , and he bought 36 percent stake from the syrian christian community , which originally promoted the bank . however , things were anything but smooth — there were court cases saying he flouted foreign exchange norms and there was stiff resistance from the church .
his first target was lord krishna bank . the talks proceeded well enough and the two banks agreed in principle for a merger . but unions were against it , shareholders didn’t agree on the valuations , and he saw centurian bank of punjab snatching away his prize . a year later , he did acquire a bank ( ganesh bank of kurundwad ) . it gave federal bank an additional 32 branches and a footprint in maharashtra , but nothing of the size he desired .
link your aadhaar with your csb bank account by clicking on the link below . you can also click the link to verify if your aadhaar details are already updated in your bank account .
the petition argued that fatima nagar cooperative bank was a “cooperative society and not a banking company” .
• the travancore banking enquiry committee ' s report in 1930 noted that nearly 190 banks were found to be functioning in the state in that year ! of the 190 banks , just six had paid - up capital of rs1 lakh or more . out of the 184 banks with capital less than rs1 lakh , there were 10 banks with paid - up capital less than rs1 , 000 . the largest bank was the travancore national bank with capital of rs1 . 5 lakh and the smallest was catholic little flower bank , with paid up capital of just rs280 .
krishnamurthy has been associated with the bank for the past one year and was previously responsible for corporate banking , sme business and the integrated treasury operations of the bank as its head of wholesale banking and treasury .
from the day he took over the reins of federal bank five years ago , venugopalan was unhappy with its size . he had just stepped down as the boss of bank of india , which had 2 , 600 branches , over 10 , 000 employees and rs . 150 , 000 crore of business . federal bank had about 420 branches , 6 , 000 employees and rs . 23 , 000 crore of business at that time . it was a step down . for federal bank employees , he was “a big banker in a small bank . ” so what ? he would make the bank bigger . and acquire , if need be .
iype peter , a former federal bank employee who was elected to the csb board last year had quit in january , paving the way for s . santhanakrishnan , who quit the federal bank board , to join the csb board and hasten the merger process . federal bank currently holds a 4 . 99 % stake in csb .
the 10 percent rule effectively ended his ambition to control a bank in india . he had to give up .
that perception gains some credence from the fact that s . santhanakrishnan , a former federal bank director , now sits on csb’s board . a chartered accountant , he founded his firm sridhar & santhanam in 1977 . a highly networked professional , he went to the board of federal bank when icici bank had a stake in it . he was with venugopalan as he grew it “from a small , regional kerala bank to a good private sector bank . ” he was a votary of the merger , and it’s widely believed he moved to the board of csb to facilitate the merger , and make the transition easier . he was elected as the chairman of the bank recently ( rbi approval is pending ) .
7 - 10 years of experience in casa in in bank / financial industry with leadership experience of 3 - 5 years .
the bank had earlier planned to sell 15 per cent stake to a single investor , aif capital development of hong kong .
if a merger becomes inevitable , his resort would be the courts . litigants in tamilnad mercantile bank , another community bank based in tamil nadu , succeeded in stalling annual shareholder meetings for seven years and stopped board members from taking over for two years .
exp : min 3 years experience in audit and inspection of bank branches / offices . knowledge of ' credit ' is essential .
the rbi did not approve this , contending that maximum shareholding by a private equity investor in a bank should be up to 5 per cent . the bank later sold aif 5 per cent . gartmore and siguler guff got 4 . 5 per cent each .
it is for the first time that the rbi granting clearance for a bank to sell 51 per cent of its stake to a single private investor .
not many in india have heard of chansrichawla , a media - shy third - generation non - residend indian based in thailand . the affable sikh held 24 . 5 percent stake in the bank . but given that indian law doesn’t allow an investor to hold more than 10 percent in a bank , he sold 14 . 5 percent to 15 investors from india and abroad . this followed the lack of a deal in his talks with federal bank .
addressing a press conference later , members of the csb protection committee alleged they were manhandled by the “police , a section of bank employees and goondas” .
csb has also formed a three - member board committee to conduct due diligence and that the process was ongoing , he added . m . venugopalan , managing director of federal bank , had earlier said that his bank was open to having a say in the affairs of csb keeping in mind the possible
mr . chandy held the post of chairman of fatima nagar cooperative bank . he filed a petition in the thrissur munsiff court challenging the rejection of his nomination .
as for federal bank , one opportunity may have passed , but the doors aren’t entirely closed . chansrichawla’s last minute deal is yet to be approved , there is anantharaman with his 12 percent stake that could still be targeted and at least some csb backers may prefer to let a local bank take it over than an unknown investor .
in addition to these , the bank also offers loans and advances for nris who wish to set up business and commercial bases in india . some of them are :
a csb board member said on condition of anonymity that the new board was unanimously in favour of a merger with federal bank . however , the proposal would have to officially come from the federal bank . “with the new board at csb now all in favour of a merger , federal may now consider hastening things , ” he added .
the csb protection committee , patronised by the thrissur archdiocese , said it was against any move by nris to take over the csb because the church had contributed to the bank’s growth .
“we welcome the appointment of mr . anand krishnamurthy as the managing director & ceo of the bank . as md & ceo , mr . anand will continue to focus on initiatives to transform ourselves into a full service contemporary bank , ” said s . santhanakrishnan , part - time chairman of , csb . krishnamurthy replaced rakesh bhatia who had quit earlier this year citing personal reason . after this , the board of directors had sent a panel of three names to reserve bank of india out of which they had maintained that krishnamurthy was the first choice .
most of these banks turned out to be unstable and had to be closed . kerala was home to two of the largest and most controversial banking failures in indian history . the first was the travancore and quilon bank in 1938 and the other was the palai central bank . these banking shocks ( along with other shocks like partition ) created enormous turbulence in kerala’s banks .
meanwhile , the task before iswardas is to make investors see that the value of csb shares keep rising on the back of robust growth . “it’s not about size , ” iswardas says , “size of the bank comes second . i am looking at what the bank’s strengths are , and how best it can be used . if i do that , growth should follow naturally . ”
it’s a tough task : what csb plans to add in the next two years , state bank of india adds in a month . it’s ambitious , admits iswardas . “but look at our recent record . we managed to increase our advances by rs . 1 , 250 crore in the last three to four months . ” can he grow the bank so fast when the industry itself has slowed down ? a deutsche bank report says that loan growth is unlikely to scale previous peaks , even though it’s improving . public sector banks have reduced their targets , it points out .
before the board approved the qip , csb was looking to sell 51 % stake to fairfax but the deal did not go through since the bank felt the offer was too low . according to another person familiar with the development who spoke under condition of anonymity , vallabh bhansali , chairman of enam group on 23 may picked up a nearly 4 % stake in the bank at a valuation of rs160 per share , a 30 % premium to csb’s rs123 . 5 per share book value at the end of march . this also values the bank at around rs1 , 295 crore .
naturally , there has been no dearth of suitors . just 80 kilometres from iswardas’ office sits m . venugopalan , ceo of federal bank . this larger country cousin of csb has been trying to acquire it for the past two years in a bid to become the dominant bank in kerala . it bought a 5 percent stake and waited for a larger stake . it found a heaven - sent opportunity when the reserve bank of india set a march 31 , 2010 deadline for csb’s largest shareholder , sura chansrichawla , to bring down his 24 . 5 percent stake to less than 10 percent . here was a shareholder under compulsion to sell and a buyer eager to lap it up . for a while , it almost looked like csb would become an apple in federal bank’s basket .
t . s . anantharaman , another board member and a shareholder in the bank , says , for the investors , it’s a question of price . “they would like to see some return on their investments . ”
the bank plans to raise money through a qualified institutional placement ( qip ) , where listed companies sell shares , fully and partly convertible debentures , or any security other than convertible warrants , to a qualified institutional buyer .
to this day , venugopalan insists that the logic for the merger holds good . despite chansrichawla’s sale of stake to a new set of investors , federal bank hasn’t walked away from csb . it retains its 5 percent stake .
for chansrichawla , this was not the way things were supposed to go . he came here in the 1990s , looking at investment opportunities . banking was high up on chansrichawla’s priority list . a generation earlier , his family tried to get hold of a bank ( bank of ayudhia ) in thailand , but failed . as thai economy became more liberal , it was left to his generation to enter and expand his family’s interest in banking , finance and insurance .
the private equity infusion was to take the csb’s net worth beyond the reserve bank of india’s minimum requirement of rs . 300 crore . the csb had only rs . 229 . 39 crore in net worth in 2006 - 07 .
the basis of the exception , in the case of csb , is the need to ensure adequate capital availability for turning around the struggling bank . the deal assumes significance considering the 21 - year - long quest for control of csb .
in a rare study which looks at the history of one of the thrissur banks—south indian bank—m . k . das and thomas e . m . ( a southern odyssey : the story of south indian bank , 2014 ) analyse some of the reasons for trichur emerging as a banking centre . they say towns like cochin or mattancherry became important commercial centres due to favourable geography leading to trading opportunities in these towns . however , trichur emerged as a trading town because of state patronage .
a few months ago , mint on sunday editor sidin vadukut wrote about a visit to his home town of thrissur for his younger sister ' s wedding . he mentioned that he met a neighbour who was proud that his daughter had recently joined a bank .
as if this wasn’t enough , a three - way stalemate has just emerged showing that the battle for csb is far from over . chansrichawla , who was talking to federal bank to sell his stake , went ahead and sold it to an entirely new set of investors .
recently , csb had filed for an initial public offering for rs 400 crore . apart from csb , rbl has also filed for an ipo . both the lenders have been advised by the reserve bank of india over the past few years to gear up for an ipo .
25 crore . in addition to the domestic branches , there are around 5 nri branches of the bank as well as 5 industrial branches , 5 ssi branches and 4 service branches . all these branches work in coordination with each other and offer the high class facilities and services .
a good analysis . everyone ' s prayers must be with iswardas . one point we should note : majority of the directors on the board neither have any in depth idea about the business nor the culture of the bank . since the large shareholders dominate the board , their personal interest in selling their holding at a high price takes prominence over the growth of the bank . this is the source of the problem for any ceo . in fact mr . chansrichawla ' s representatives ( direct and indirect ) are more on the board despite rbi ' s clear instructions against .
here comes the twist . the share transfer is yet to be cleared by csb’s board . the rbi asked the bank to check if these 15 investors were acting in concert . the apparent implication was that if they belonged to one group , their combined stake would again violate the law .
venugopalan was ready to pay the price for strategic value . he offered a share swap in august 2009 under which shareholders of csb were to get 1 . 9 shares of federal bank for every share they held . this valued csb at rs . 700 crore . the deal looked almost done .
csb chairman s santhanakrishnan said fairfax india would invest ` 1 , 000 crore in the bank , and that the deal is likely to be closed by march 2017 . he said csb was not worried about fairfax acquiring majority stake , because the canadian firm would have voting right of only 15 per cent .
as the bank’s 86th annual general body meeting began here this morning , the csb protection committee demanded its adjournment citing sections 179 ( 1 ) and 180 of the companies act , 1956 , for alleged rejection of proxies , improper verification of documents / signatures and having not allowed representatives of the committee to scrutinise proxies .
indian financial system code ( ifsc ) . it is used for electronic payment applications like real time gross settlement ( rtgs ) , national electronic funds transfer ( neft ) , immediate payment service , an interbank electronic instant mobile money transfer service ( imps ) , and centralised funds management system ( cfms ) developed by reserve bank of india ( rbi ) . code has eleven characters
alpha numeric
in nature . first four characters represent bank , fifth character is default
0
left for future use and last six characters represent branch . micr code : magnetic ink character recognition as printed on cheque book to facilitate the processing of cheques .
while in opposite camps , iswardas and venugopalan have one thing in common . both have to struggle with their respective board of directors that may not always agree with their views . the csb board will approve a deal at the right price , while federal bank’s board won’t allow venugopalan to pay as much as he was willing to .
“as part of the terms of the deal , the rbi has sought a five - year lock - in for fairfax , and asked the firm to reduce its holding in the bank to 15 per cent in 12 years , ” said sources . “normally , it takes at least three - four years for the turnaround . the five - year lock - in has been fixed for certainty in this regard . a valuation exercise will commence shortly to determine value of the unlisted entity , ” added the sources , but did not specify any timeframe for the process . it is learnt that the bank would be issuing fresh shares to fairfax , which has substantial holdings in diversified financial firm iifl and the bangalore international airport .
meanwhile , csb would look at industrial clusters to tap the sme business . iswardas has asked rbi for permission to open 35 more branches . and for the first time , the bank would participate in campus recruitments . the plan is to touch rs . 19 , 000 crore in deposits plus loans by 2011 , and rs . 30 , 000 crore by 2012 .
iswardas has divided the branches into three categories ( rural , urban and semi - urban ) and has given each of them a focus area ( retail , corporate and small & medium enterprises , respectively ) . he set up a credit committee comprising of zonal and general managers to make decision - making faster . the 90 - year - old bank has several third generation customers , and it would try to deepen the ties .
at the time of bank nationalization in 1969 , there were 72 banks that had managed to survive in india . of these banks , nine were from kerala . and of these nine , four were scheduled banks and the other five non - scheduled banks . more importantly , seven of the nine banks were from the erstwhile cochin state and within these seven banks , four were from trichur ( the anglicized name for thrissur ; i will use both ) .
disclaimer : - we have tried our best to keep the latest information updated as available from rbi , users are requested to confirm information with the respective bank before using the information provided . the author reserves the right not to be responsible for the topicality , correctness , completeness or quality of the information provided . liability claims regarding damage caused by the use of any information provided , including any kind of information which is incomplete or incorrect , will therefore be rejected .
a few things are obviously missed out here . it must be noted that it is through supreme court ' s intervention and its order chawlas got the approval which was pending for a long time after the rbi declined to acknowledge the transfer . chawlas are not known to manage any business well in their own country and the bank they were having control in thailand was taken over by the government . it is largely believed that santana krishnan , venugopalan and chawlas pushed the merger proposal for their personal interest rather with larger objective of increasing shareholder value at both banks .
the next question : how did these banks help thrissur and kerala ? one way to assess this is to see the branch network of these banks in kerala . in 1970 , kerala had 642 bank branches out of which 60 % were from kerala - based banks . within the 60 % , thrissur - based banks constituted 22 % of the total branches . in terms of population per branch , kerala had 33 , 251 people per branch , which was the third - lowest amidst states after gujarat and punjab . the national average was 60 , 859 people per branch .
federal bank’s inherent growth must be some consolation to venugopalan . the net worth has risen to rs . 4 , 000 crore . the branch network is up to 670 from 420 . but it could have been much better with csb in the bag . he has set a goal to reach rs . 100 , 000 crore in total business and a network of 1 , 000 branches by 2011 . “last two years were difficult because of slowdown in the economy and there was a set back . we will anyway work towards the goal . ” the target did not include business through any acquisition . “that would have been a bonus , ” he says .
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fairbridge is a wholly - owned subsidiary of canadian billionaire prem watsa - owned fairfax financial holdings .
he has just 2 weeks left & i need rs . 5 . 5 lakh to save him .
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mint reported on 25 july that the private sector lender was considering various fund - raising options including a qip to raise short - term capital . it was even reconsidering a share sale , three years after it had filed a draft red herring prospectus .
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but outsiders , sure as hell , are interested in coming in . csb has built an exclusive franchise in kerala with total business of rs . 10 , 000 crore and 363 branches , reaching virtually every nook and corner of the malayalam country . for banks and businessmen looking to dominate the financial sector of the state that gets the highest level of foreign remittances in india , it is a tempting buy .
while further events have put the deal in a knotty situation , names of other indian businesses and non - banking financial companies constantly crop up as potential acquirers of csb . its star - studded shareholders list includes the likes of engineering conglomerate larsen & toubro .
with none of the three sides willing to yield an inch , a game of patience has begun . the big question is , who will blink first .
but when venugopalan took it to his board , the directors shot it down . they thought the price was too high . they got kpmg to do another valuation which put csb at rs . 400 crore . csb shareholders didn’t agree . the deal got stuck in the crevice between expectation and offer .
however , santhanakrishnan says csb has the potential to grow fast by itself . soon , it would get ready to raise money from the market , even though it’s too early to say which route it would take . he declined to comment on other options .
the committee had been working towards buying the shares back from chansrichawla . the church had commitment of rs . 250 crore from individual investors , chandy says . but , again price would have been the issue .
he will have a tough time competing with bigger banks , which can afford to offer lower rates for corporate clients . his growth plans also assume business from new branches in new markets , where he wouldn’t have the advantages he has in kerala ( namely , loyal customers ) and he will also have to compete with banks that are already entrenched in those markets . some of the smes among his target segment are export driven , and growth is unlikely to pick up on that front . that leaves him with retail customers , a segment that’s doing well , but the competition there is increasing not just from nbfcs but also from bigger banks .
he now has to convince prospective investors that he can keep the momentum . that will be a bigger challenge .
venugopalan , iswardas , chansriwala . three determined warriors . three different agendas . in the land where apostle st . thomas set foot 2 , 000 years ago and the country’s first mosque opened in the 7th century , it remains to be seen whose prayers will be answered .
( this story appears in the 30 april , 2010 issue of forbes india . you can buy our tablet version from urltoken . to visit our archives , click here . )
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but not mentally prepared to .
this piqued my curiosity . i asked the author whether the woman had joined one of the thrissur firms , as i knew the region is home to quite a few local banks . he responded by asking why i don’t write about the same—and here we are .
even before we discuss the histories of these individual banks , we need to discuss the history of banking in kerala . it is intriguing to unearth how financial intermediation has existed in this part of the world much before banks came into being .
edith jemima simcox ( primitive civilizations or outlines of the history ownership in archaic communities , 1894 ) , in a remarkable account on primitive civilizations , covers the region of malabar along with other regions . she mentions that “the dravidian kuri , or lottery , is said to have been handed down from very ancient times , and it is still commonly resorted to by anyone desiring to raise a sum of money for some special purpose , such as a daughter’s marriage” . the second volume of the same book covers china , where she notes very similar arrangements were used to raise capital , prompting the author to add , “the resemblance to the dravidian kuri , or lotteries , is obvious , and the institution in china may easily be as ancient as the characteristic form of mortgage also shared with the people of malabar . ”
these kuris ( more popularly known as chit funds today ) evolved for over a thousand years and are perhaps the oldest forms of financial intermediation . they started as the malabar region’s engagement in the spice trade over the centuries lead to the monetization of the economy . a mechanism was needed to transfer funds to those who needed it—as alluded to by simcox . this led to development of the kuri system , where members got funds on a rotation basis . in the absence of collateral , kuri was an interesting way to transfer funds from surplus units to deficit units , which is seen as a major role of financial system as well .
w . e . preston , who was member of royal commission on indian currency and finance ( 1926 ) , noted “ . . . it may be accepted that a system of banking that was eminently suited to india’s then requirements was in force in that country many centuries before the science of banking became an accomplished fact in england . ”
coming back to our topic , we zoom into the early 20th century , when indians were establishing joint stock banks in different parts of the country . under british india , the state of kerala as we know it today was divided into three parts : malabar in the north , cochin in the centre and travancore in the south . malabar came under the madras presidency and the other two were princely states .
within these three regions , a large number of banks mushroomed , most of them offshoots of existing kuri funds . there are multiple sources telling us about the high banking concentration in these three regions :
• the madras banking enquiry committee ( 1930 ) noted that there were around 66 banks in the entire presidency , with 32 of them in the malabar region . again , most of these banks were small .
• there was no separate committee to study banking in cochin . however , the report of the travancore - cochin banking enquiry commission ( 1956 ) noted that the princely state had 155 banks in 1936 , which declined to 109 in 1939 and to 68 in 1954 . the commission reported an even larger numbers of banks in travancore : 274 in 1932 - 33 , which declined to 85 in 1954 . whatever the sources of data , one thing is clear : these regions just had an amazingly high birth rate and death rate of banks .
out of the nearly 1 , 700 banks that closed in the country in the period between 1913 and 1970 , nearly 370 banks were from the kerala region . this excludes some of the malabar banks , which were counted as banks that closed in the madras presidency .
the sheer longevity of these banks is quite significant and demands adequate research . they remained small banks serving the hinterlands of kerala . in 1969 , the nine kerala banks comprised just 1 . 8 % of total deposits mobilized by all banks .
the next question is , why trichur ? the cochin - travancore banking commission ' s report noted that in cochin “most of the banks were largely centred in trichur , a commercial town with extensive rural areas lying all round which had also their banks” .
they highlight how sakthan thampuran , who was the king of cochin between 1751 and 1805 , shifted the capital from mattancherry to trichur . they cite the following reasons :
• both the dutch and british had bases at mattancherry and were warring for supremacy . sakthan did not want to take sides and shifted base to thrissur .
• the other reason was the central location of thrissur , which made governance easier in times where connectivity was poor .
• the third reason was strategic . thrissur historically served as a gateway for enemy armies , whether they were the zamorins of calicut or hyder ali / tippu sultan . by shifting the base , he revealed the military strategist in him .
with the shifting of the political base , economic activity too began to shift towards thrissur . the king promoted state trading in commodities , taking a cue from european traders . he built a small fleet of ships which he rented to private players , a forerunner to today’s coastal shipping activity . he also realized that many towns and villages of the state had product - specific markets . he ensured the prosperity of these markets by appointing officers to oversee the problems .
given this policy push , thrissur gradually evolved into a commercial centre . thus , as joint stock banks started thronging the region , thrissur became the default choice for most of promoters .
in 1972 , when first district - wise banking data was released , there were 70 banked centres in thrissur district , the eighth - highest in the country . more importantly , most of these banked centres were small rural centres with branches of local thrissur banks . there were 133 functioning offices in the district , which was 17th - highest among all the districts .
in terms of total deposits and credit volumes , the district does not fare as well , given the banks were mainly catering to the small depositor and borrower . however , in terms of number of deposit accounts and credit accounts , the tally is impressive . the number of credit accounts was 118 , 000 , 10th - highest in the country ( three districts from kerala were in the top 10 ) , whereas the number of deposit accounts was around 240 , 000 , making it 36th - highest in the country . the number of accounts again highlights that thrissur banks mainly catered to small customers .
apart from these inclusion parameters , these banks also provided employment opportunities to local people . most of them were community banks as their names indicate , whose initial workforce mainly comprised members of their own communities .
after reading so much about banks in thrissur , and poring over the data , one wonders just how many people know of its contribution to indian banking history .
and it ' s not just about banks . one of the better known nbfcs ( non - banking finance companies ) —mannapuram gold loan—also started in thrissur in 1949 . not to mention the fact that it has become a hub for several jewellery companies—such as kalyan jewellers—which are now beginning to expand their footprint across the country . gold and banking are , in fact , intrinsically connected as most of these banks lent against gold as collateral . moreover , it is not just about the past : one of the 10 small finance banks—esaf—started its journey in thrissur and is now headquartered in chennai .
there is so much to learn and understand about thrissur’s emergence and sustenance as a financial hub over a small scale . i have barely scratched the surface and would be delighted to learn from those who know much more about banking in the region .