1. Open a new document in Photoshop.
2. Type letter 'C' as shown :-
3. Apply gradient overlay (colors = #0062A1 and #0F608F) as shown :-
4. Text after applying gradient overlay :-
5. With the help of pen tool, draw the paths as shown :-
6. Apply gradient overlay as shown :-
7. Path after applying above layer style :-
8. On middle path, apply gradient overlay with similar colors, but with these settings :-
9. And on the last path apply these settings
10. Image after applying above layer styles :-
11. Now, control+click on the text layer to select it. Go to select>modify>contract and type 2 as the value to contract :-
12. Press shift+control+i to inverse the selection. Now, press
shift+alt+control key together and click on the text layer to have a
selection like this :-
13. Create a new layer. Click on gradient tool, create a gradient like shown and fill the selection :-
14. Create a new layer, draw this shape with elliptical marquee tool
and fill with light gray color. Use blur tool with high feather brush
to blur this shape. Our text is ready :-