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Stock of South Indian Bank jumps 6% after RBI approves appointment of new CEO The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval for the appointment of P.R. Seshadri as the Managing Director and Chief Executive Officer of the bank for a period of three years with effect from October 1. The stock closed at Rs 22.44, up Rs 1.36 or 6.4 per cent on the BSE. A meeting of the Board of Directors of the bank will be convened in due course to approve the appointment of Seshadri as the MD & CEO, and the approval of ...
Stock of South Indian Bank jumps 6% after RBI approves appointment of new CEO
Stock of South Indian Bank jumps 6% after RBI approves appointment of new CEO
Source: IANS
19/08/2023 8:58:58 AM
RBI approval for appointment of Mr. P R Seshadri as Managing Director & CEO of South Indian Bank Profile of Mr. P R Seshadri Mr. P R Seshadri is an accomplished banker with experiences spanning multiple businesses, functional lines and geographies. He has significant experiences in enterprise level management and in the management of all key commercial banking business lines and he has substantial experience in successfully managing investors, boards and regulatory relationships in multiple geographies. Mr. P R Seshadri is a respected business leader with a proven track record of buil...
RBI approval for appointment of Mr. P R Seshadri as Managing Director & CEO of South Indian Bank
RBI approval for appointment of Mr. P R Seshadri as Managing Director & CEO of South Indian Bank
Source: PR Agency
18/08/2023 11:00:34 AM
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank Below the Quote by Mr. Murali Ramakrishnan, MD & CEO of South Indian Bank based on RBI's monetary policy   "RBI’s MPC’s measures over the last few quarters have been effective in maintaining a tight leash on headline inflation while facilitating economic growth. The Indian economy has responded by staying resilient in the face of heightened geo-political uncertainties and a volatile international demand-supply equation. To sustain the momentum, the MPC has,...
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank
Source: PR Agency
10/08/2023 3:21:35 PM
Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers  In a bid to make this festive season special, Tata Motors, India’s leading automotive manufacturer, has joined hands with South Indian Bank, one of India’s leading private sector banks, to extend an exclusive Electric Vehicle Dealer Financing Program and offering comprehensive retail financing solutions to all customers.     The MoU for this partnership was signed by Mr. Ramesh Dorairajan, Senior General Manager – Network Management & EV Sales,...
Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers
Tata Motors joins hands with South Indian Bank, offers exclusive financing program for authorized passenger EV dealers
Source: PR Agency
7/08/2023 1:58:37 PM
South Indian Bank climbs on recording 15% growth in gross advances in Q1FY24 South Indian Bank is currently trading at Rs. 20.23, up by 0.49 points or 2.48% from its previous closing of Rs. 19.74 on the BSE. The scrip opened at Rs. 19.81 and has touched a high and low of Rs. 20.31 and Rs. 19.53 respectively. So far 4484856 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.80 on 15-Dec-2022 and a 52 week low of Rs. 7.67 on 05-Jul-2022. Last one week high and low of the scrip stood at Rs....
South Indian Bank climbs on recording 15% growth in gross advances in Q1FY24
South Indian Bank climbs on recording 15% growth in gross advances in Q1FY24
Source: Accord Fintech
5/07/2023 12:50:52 PM
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing South Indian Bank (SIB) today signed an MOU (Memorandum of Understanding) with Mahindra and Mahindra Ltd (Automobile division) for providing the latter’s dealers with financing solutions. Under the partnership, SIB will provide unmatched dealer finance solutions to M&M’s dealers, thereby meeting their vehicle inventory funding requirements.   Speaking on the alliance, Ms. Biji S.S, Senior General Manager & Group Business Head, South Indian Bank, said,&...
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing
South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing
Source: PR Agency
28/06/2023 3:11:36 PM
South Indian Bank introduces Digital Platform -- SIB SWIFTe for hassle free account opening  South Indian Bank has introduced SIB SWIFTe, an innovative and customer-centric digital account opening platform that eliminates the hassle of paper-based documentation. This cutting-edge platform prioritizes customer convenience and transforms the account opening process, enabling the bank to swiftly on-board customers in less than five minutes. By providing a seamless start-to-finish digital experience, the platform ensures that opening a Savings Account becomes an absolute pleasure f...
South Indian Bank introduces Digital Platform -- SIB SWIFTe for hassle free account opening
South Indian Bank introduces Digital Platform -- SIB SWIFTe for hassle free account opening
Source: PR Agency
9/06/2023 6:00:08 PM
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank Below Quote On RBI's Monetary Policy announcement By Mr Murali Ramakrishnan MD & CEO - South Indian Bank "The RBI deserves praise for its efforts in controlling inflation by prudently calibrating the policy repo rate through successive quarters. MPC’s well-timed rate hikes earlier have allowed it the leeway to keep the repo rate unchanged at 6.5% for the current cycle.   Inflation, however, still remains a concern and is expected to remain above ta...
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank
View on RBI Monetary Policy By Mr Murali Ramakrishnan, South Indian Bank
Source: PR Agency
8/06/2023 5:42:47 PM
Buy South Indian Bank Ltd For Target Rs..21 - Geojit Financial Services Ltd Improving fundamentals augur higher valuation South Indian Bank Ltd. is a private sector bank headquartered in Thrissur, Kerala. The bank has 940 branches, with the majority of them in South India * The bank is currently in a transformation stage, and key business parameters like advance growth, CASA ratio, asset quality, PCR, etc. have been showing significant improvement. * Advances have grown 16% YoY during Q4FY23, led by strong disbursements in corporate book. Advances are expect...
Buy South Indian Bank Ltd For Target Rs..21 - Geojit Financial Services Ltd
Buy South Indian Bank Ltd For Target Rs..21 - Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
3/06/2023 12:49:26 PM
South Indian Bank unveils its new branch at Mulund, Mumbai Mumbai: South Indian Bank today unveiled its new branch at Mulund, Mumbai with the aim of expanding its reach and cater to the growing demand for banking services in the area. The launch is in-line with the bank’s strategy to expand its operations and attract a larger customer base within the region and provide enhanced banking services. The new branch also houses an ATM and will cater to the financial and banking needs of the business and working class residing in and around Mu...
South Indian Bank unveils its new branch at Mulund, Mumbai
South Indian Bank unveils its new branch at Mulund, Mumbai
Source: PR Agency
31/05/2023 12:43:10 PM
South Indian Bank unveils its new branch at Mulund, Mumbai South Indian Bank today unveiled its new branch at Mulund, Mumbai with the aim of expanding its reach and cater to the growing demand for banking services in the area. The launch is in-line with the bank’s strategy to expand its operations and attract a larger customer base within the region and provide enhanced banking services. The new branch also houses an ATM and will cater to the financial and banking needs of the business and working class residing in and around Mumbai’s ...
South Indian Bank unveils its new branch at Mulund, Mumbai
South Indian Bank unveils its new branch at Mulund, Mumbai
Source: PR Agency
30/05/2023 3:44:48 PM
South Indian Bank earns global and national recognition for creating superior customer experience South Indian Bank (SIB), one of the leading and fastest growing private sector banks in India, won two prestigious awards for creating superior customer experience. South Indian Bank (SIB) has been recognised with ‘Outstanding Digital CX – SME Loans’ at the sixth Digital CX Awards held in Singapore, making it the second international award for the bank. SIB was honoured with the award in recognition of its innovative GST-based instant business loan digital journ...
South Indian Bank earns global and national recognition for creating superior customer experience
South Indian Bank earns global and national recognition for creating superior customer experience
Source: PR Agency
18/05/2023 3:16:58 PM
South Indian Bank trades jubilantly on reporting 23% rise in Q4 consolidated net profit South Indian Bank is currently trading at Rs. 17.98, up by 1.67 points or 10.24% from its previous closing of Rs. 16.31 on the BSE. The scrip opened at Rs. 17.50 and has touched a high and low of Rs. 18.20 and Rs. 17.50 respectively. So far 12354755 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.80 on 15-Dec-2022 and a 52 week low of Rs. 7.27 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
South Indian Bank trades jubilantly on reporting 23% rise in Q4 consolidated net profit
South Indian Bank trades jubilantly on reporting 23% rise in Q4 consolidated net profit
Source: Accord Fintech
12/05/2023 10:54:35 AM
South Indian Bank makes History by a Record Net Profit of Rs. 775.09 Crore and recommends dividend of 30% South Indian Bank declared net profit of Rs. 775.09 Cr for the FY 22-23, highest ever in the history of the bank. Growth in net profit is 1623.11% compared Previous Year. While declaring the results Murali Ramakrishnan MD & CEO of South Indian Bank added that the bank achieved its highest ever performance in the following areas.   Highest ever business of Rs. 1,63,743.42 Cr in the history of the Bank Highest ever net profit of Rs. 775.09 Cr in the history of the Bank ...
South Indian Bank makes History by a Record Net Profit of Rs. 775.09 Crore and recommends dividend of 30%
South Indian Bank makes History by a Record Net Profit of Rs. 775.09 Crore and recommends dividend of 30%
Source: PR Agency
11/05/2023 5:24:09 PM
South Indian Bank enables e-BG (Electronic Bank Guarantees) facility for its customers South Indian Bank has introduced an e-BG (Electronic Bank Guarantee) facility for its customers in partnership with National E-Governance Service Limited (NeSL). It facilitates API-based paperless issue of bank guarantees, eliminating the need for physical documentation and record maintenance. The bank issued its First e-BG favouring a leading Public Sector Unit on 29th April, 2023 for an amount of Rs.4.57 crore through NeSL. This is a noteworthy achievement that places the Bank in a select g...
South Indian Bank enables e-BG (Electronic Bank Guarantees) facility for its customers
South Indian Bank enables e-BG (Electronic Bank Guarantees) facility for its customers
Source: PR Agency
2/05/2023 1:55:19 PM
South Indian Bank Integrates with Central Board of Indirect Taxes (CBIC) for GST Collections South Indian Bank announced integration with the Central Board of Indirect Taxes for the collection of Goods & Service Tax Collection for its retail and corporate customers. The payment facility is LIVE, allowing all Taxpayers to remit GST using ‘Over the Counter Mode’ at Bank’s vast branch network. South Indian bank customers have the additional option to make payments via ‘Internet Banking’ facility as well making the process seamless, faster and hassle ...
South Indian Bank Integrates with Central Board of Indirect Taxes (CBIC) for GST Collections
South Indian Bank Integrates with Central Board of Indirect Taxes (CBIC) for GST Collections
Source: PR Agency
29/04/2023 9:45:37 AM
South Indian Bank expands its product portfolio with flexible savings accounts for NRIs South Indian Bank today announced the launch of flexible saving products for NRI customers. NRIs can now enjoy the flexibility to either maintain deposits or the prescribed savings account minimum balance with these products. South Indian Bank has been on the journey of simplifying banking needs and providing best in class customer experience. The roll out of SIB SEAFARER and SIB PULSE for mariners and healthcare professionals are just the instances for the same. Speaking on the launch,...
South Indian Bank expands its product portfolio with flexible savings accounts for NRIs
South Indian Bank expands its product portfolio with flexible savings accounts for NRIs
Source: PR Agency
17/04/2023 2:17:38 PM
South Indian Bank partners with Cholamandalam MS General Insurance Thrissur: South Indian Bank announces partnership with Cholamandalam MS General Insurance, to offer health and general insurance products to the customers. This partnership would enable customers of South Indian Bank to access the diverse range of insurance products offered by Cholamandalam MS General Insurance, thus fulfilling their need for protection against damage/ loss. The said arrangement aims to further enrich the Bank’s insurance offerings by enabling its customers to access...
South Indian Bank partners with Cholamandalam MS General Insurance
South Indian Bank partners with Cholamandalam MS General Insurance
Source: PR Agency
5/04/2023 5:52:03 PM
South Indian Bank Ties Up with Central Board of Direct Taxes (CBDT) for Direct Tax Collections South Indian Bank announced that it has associated with the Central Board of Direct Taxes for the collection of Direct Tax for retail and corporate tax payers. The payment facility is now LIVE, allowing any taxpayers to remit Direct Taxes under ‘Over the Counter Mode’ and specifically for SIB customers, payment can be made via ‘Over the Counter’ as well as ‘Internet Banking’ modes, thereby making the process seamless and faster like never before. Speakin...
South Indian Bank Ties Up with Central Board of Direct Taxes (CBDT) for Direct Tax Collections
South Indian Bank Ties Up with Central Board of Direct Taxes (CBDT) for Direct Tax Collections
Source: PR Agency
25/03/2023 2:37:54 PM
Hyderabad, Pune, and Bengaluru witnessing more than 50% of transactions in above 100,000 sq ft segment in 2022 || Knight Frank India According to Knight Frank India, leading international property consultancy, transactions for office spaces above 100,000 sq ft remained high in the IT office locations of Hyderabad, Pune, and Bengaluru in the calendar year 2022 (CY22). An estimated 53% of office area transacted were for spaces measuring 100,000 sq ft or more in Hyderabad and Pune, while it was 51% in Bengaluru. Share of area transacted across size categories in 2022   STEADY TRANSACTION PACE CONTINUED IN 20...
Hyderabad, Pune, and Bengaluru witnessing more than 50% of transactions in above 100,000 sq ft segment in 2022 || Knight Frank India
Hyderabad, Pune, and Bengaluru witnessing more than 50% of transactions in above 100,000 sq ft segment in 2022 || Knight Frank India
Source: PR Agency
24/03/2023 2:39:09 PM
South Indian Bank ties up with Central Board of Direct Taxes (CBDT) for Direct Tax Collections Thrissur: South Indian Bank announced that it has associated with the Central Board of Direct Taxes for the collection of Direct Tax for retail and corporate tax payers. The payment facility is now LIVE, allowing any taxpayers to remit Direct Taxes under ‘Over the Counter Mode’ and specifically for SIB customers, payment can be made via ‘Over the Counter’ as well as ‘Internet Banking’ modes, thereby making the process seamless and faster like never before. ...
South Indian Bank ties up with Central Board of Direct Taxes (CBDT) for Direct Tax Collections
South Indian Bank ties up with Central Board of Direct Taxes (CBDT) for Direct Tax Collections
Source: PR Agency
24/03/2023 2:36:19 PM
South Indian Bank launches new electrifying brand campaign, Trust Meets Tech since 1929 Chennai: South Indian Bank today in its 94th year, marks a milestone in its journey as it announces its new brand campaign, “Trust meets Tech since 1929.” The campaign is a nationwide multi media campaign, commencing from March 14, 2023. Through this novel campaign, the Bank aims to create PAN India awareness of brand South Indian Bank and communicate its inherent strengths of being a trustworthy, digital bank catering to all demographic profiles and ...
South Indian Bank launches new electrifying brand campaign, Trust Meets Tech since 1929
South Indian Bank launches new electrifying brand campaign, Trust Meets Tech since 1929
Source: PR Agency
14/03/2023 3:55:33 PM
Buy South Indian Bank Ltd For Target Rs..23 - Anand Rathi Share and Stock Brokers Asset quality stress peaks, earnings to pick up; retaining a Buy A ~3.1bn Security Receipts (SR) write-down hit the bank’s earnings hard during the quarter. Excluding this, RoAs would have been 0.82%, vs. 0.56% reported now. With most of the pandemic-related stress already recognised/re-structured, the focus now shifts towards growth. Key positives were 1) a pick-up in loan growth, 2) moderation of slippages and 3) strong improvement in margins. With credit growth picking up and mode...
Buy South Indian Bank Ltd For Target Rs..23 - Anand Rathi Share and Stock Brokers
Buy South Indian Bank Ltd For Target Rs..23 - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Share and Stock Brokers
24/02/2023 2:30:03 PM
South Indian Bank CEO and Managing Director Mr. Murali Ramakrishnan awarded `Business leader of the year` At a glittering ceremony held in Taj Lands’ End, Mumbai, ET Ascent bestowed Mr. Murali Ramakrishnan, MD and CEO, South Indian Bank, with the ‘Business Leader of the Year’ award. It was the 21st global and the sixth Indian edition of the recognition. ET Ascent’s ‘Business Leader of the Year’ award is a singular platform to recognize leaders for their transformational leadership. Over the years, it has felicitated leaders who have succeeded in making a dif...
South Indian Bank CEO and Managing Director Mr. Murali Ramakrishnan awarded `Business leader of the year`
South Indian Bank CEO and Managing Director Mr. Murali Ramakrishnan awarded `Business leader of the year`
Source: PR Agency
23/02/2023 12:37:31 PM
Post Budget Analysis : This year`s Union Budget is noteworthy on a number of counts Says Murali Ramakrishnan, The South Indian Bank Below is views on Union Budget 2023 by Mr. Murali Ramakrishnan MD and CEO of The South Indian Bank  "This year’s Union Budget is noteworthy on a number of counts. Effective implementation of schemes like opening of 47.8 crore PM Jan Dhan bank accounts will benefit common citizens.  With the establishment of the Urban Infrastructure Development Fund (UIDF), we expect infrastructure in tier 2 and tier 3 cities receiving a significant boost. The enabli...
Post Budget Analysis : This year`s Union Budget is noteworthy on a number of counts Says Murali Ramakrishnan, The South Indian Bank
Post Budget Analysis : This year`s Union Budget is noteworthy on a number of counts Says Murali Ramakrishnan, The South Indian Bank
Source: PR Agency
2/02/2023 12:18:59 PM
South Indian Bank Q3 FY 23 net profit at Rs. 102.75 Crore South Indian Bank had declared third quarterly results with a net profit of Rs. 102.75 Crore against a loss of Rs. 50.31 Crore during the corresponding period of the previous year. Mr. Murali Ramakrishnan, MD & CEO of the Bank, while announcing the results, informed that during the quarter ended December 31, 2022, Bank had provided an additional provision for depreciation on Security Receipts (SR) related to SRs acquired prior to March 31, 2017 amounting to Rs....
South Indian Bank Q3 FY 23 net profit at Rs. 102.75 Crore
South Indian Bank Q3 FY 23 net profit at Rs. 102.75 Crore
Source: PR Agency
25/01/2023 11:42:09 AM
India's first green bond sale to command `greenium` on strong demand The Indian government expects to issue its first green bonds at a 'greenium,' with yields below prevailing market rates, and has identified 400 billion rupees ($4.92 billion) in projects that can be funded with the proceeds, said two government sources. The government plans to raise 160 billion rupees through green bonds for the current fiscal ending March 31, with the first tranche of 80 billion rupees scheduled for auction on Wednesday. The proceeds would be used for 'gree...
India's first green bond sale to command `greenium` on strong demand
India's first green bond sale to command `greenium` on strong demand
Source: Reuters
24/01/2023 2:01:53 PM
South Indian Bank opens a new branch at Matunga in Mumbai The central suburb of Matunga will be home to the 21st branch of South Indian Bank in Mumbai. The new branch will cater to the financial and banking needs of the business and working class residing in and around Mumbai’s central suburbs. It is one of Mumbai’s bustling and thriving areas, business-wise. The Matunga branch will house an ATM and provide facilities to customers for branch banking and availing of various loans. Mr. N S Venkatesh, CEO of Association of Mutual...
South Indian Bank opens a new branch at Matunga in Mumbai
South Indian Bank opens a new branch at Matunga in Mumbai
Source: PR Agency
23/01/2023 12:34:46 PM
South Indian Bank zooms on recording 18% growth in gross advances in Q3FY23 South Indian Bank is currently trading at Rs. 20.30, up by 1.05 points or 5.45% from its previous closing of Rs. 19.25 on the BSE. The scrip opened at Rs. 19.90 and has touched a high and low of Rs. 21.25 and Rs. 19.80 respectively. So far 3992665 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.80 on 15-Dec-2022 and a 52 week low of Rs. 7.27 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
South Indian Bank zooms on recording 18% growth in gross advances in Q3FY23
South Indian Bank zooms on recording 18% growth in gross advances in Q3FY23
Source: Accord Fintech
3/01/2023 3:58:03 PM
South Indian Bank to not exercise call option on Tier-II bonds South Indian Bank has decided not to exercise a call option, due on Monday, on its Basel III-compliant tier-II bonds that allows the private lender to redeem them before maturity, a company spokesperson said on Friday. Interest rates have been rising and if the bank exercises the call option, it will likely not be able to raise fresh funds below the 9.5% coupon on this paper, a senior executive at the bank said, speaking on condition of anonymity as the matter is not yet public. The exe...
South Indian Bank to not exercise call option on Tier-II bonds
South Indian Bank to not exercise call option on Tier-II bonds
Source: Reuters
26/11/2022 11:09:05 AM
Hold South Indian Bank Ltd For Target Rs.8 - ICICI Securities Core performance improving; elevated stressed asset pool poses credit cost risk in FY23E South Indian Bank’s (SIB) Q1FY23 financial performance continued to improve for the second consecutive quarter with advances growth at 5% QoQ, cost / income ratio down 100bps QoQ to 63%, and credit cost settling much lower at 1%. However, RoA remained subdued at 0.5%. Steady improvement in CASA ratio to 34% vs 30.4% in Q1FY22, and bulk-deposits down 63% YoY, reflect SIB’s liability strength...
Hold South Indian Bank Ltd For Target Rs.8 - ICICI Securities
Hold South Indian Bank Ltd For Target Rs.8 - ICICI Securities
Source: ICICI Securities Ltd
28/07/2022 1:28:12 PM
South Indian Bank surges on reporting consolidated net profit of Rs 115.48 crore in Q1 South Indian Bank is currently trading at Rs 7.96, up by 0.09 points or 1.14% from its previous closing of Rs. 7.87 on the BSE. The scrip opened at Rs. 7.90 and has touched a high and low of Rs. 8.10 and Rs. 7.90 respectively. So far 1197490 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 11.29 on 27-Jul-2021 and a 52 week low of Rs. 7.27 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 8.18 ...
South Indian Bank surges on reporting consolidated net profit of Rs 115.48 crore in Q1
South Indian Bank surges on reporting consolidated net profit of Rs 115.48 crore in Q1
Source: Accord Fintech
27/07/2022 12:26:11 PM
South Indian Bank jumps after its gross advance rises 11% in first quarter of FY23 South Indian Bank is currently trading at Rs. 7.89, up by 0.28 points or 3.68% from its previous closing of Rs. 7.61 on the BSE. The scrip opened at Rs. 7.74 and has touched a high and low of Rs. 7.95 and Rs. 7.67 respectively. So far 881955 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.19 on 12-Jul-2021 and a 52 week low of Rs. 7.27 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 7.95 ...
South Indian Bank jumps after its gross advance rises 11% in first quarter of FY23
South Indian Bank jumps after its gross advance rises 11% in first quarter of FY23
Source: Accord Fintech
5/07/2022 12:19:03 PM
South Indian Bank gains on buzz of getting authorised by RBI to collect direct and indirect taxes The South Indian Bank is currently trading at Rs. 9.13, up by 0.06 points or 0.66% from its previous closing of Rs. 9.07 on the BSE. The scrip opened at Rs. 9.15 and has touched a high and low of Rs. 9.24 and Rs. 9.05 respectively. So far 1263189 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.95 on 22-Jun-2021 and a 52 week low of Rs. 7.54 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. ...
South Indian Bank gains on buzz of getting authorised by RBI to collect direct and indirect taxes
South Indian Bank gains on buzz of getting authorised by RBI to collect direct and indirect taxes
Source: Accord Fintech
14/01/2022 1:10:42 PM
Hold South Indian Bank Ltd For Target Rs. 12 - ICICI Securities Core performance muted; lingering elevated credit cost to delay profitability improvement South Indian Bank’s (SIB) FY21 performance has to be seen in the context of new management redefining business strategies (hired seven business vertical heads from leading private sector banks) and, on most metrics, delivering results too. Strengthening the liability franchise with an increasingly granular deposit base (CASA at 30% and 55% decline in bulk deposits) and continuous reduction in th...
Hold South Indian Bank Ltd For Target Rs. 12 - ICICI Securities
Hold South Indian Bank Ltd For Target Rs. 12 - ICICI Securities
Source: ICICI Securities Ltd
18/06/2021 9:46:37 AM
Buy South Indian Bank Ltd For Target Rs.14 - Ventura Securities The South Indian Bank Ltd (SIB) based out of Thrissur (Kerala) is one of the earliest banks in South India. The bank, after reporting subdued numbers in the recent past has now recalibrated its approach with the new management and redefined business strategies. This is evident from its recent performance in which the bank has successfully improved its CASA deposits stood at an all-time high CASA ratio of 29.7% along with simultaneously decreasing its exposure in the Standard Large Corporate A...
Buy South Indian Bank Ltd For Target Rs.14 - Ventura Securities
Buy South Indian Bank Ltd For Target Rs.14 - Ventura Securities
Source: Ventura Securities Ltd
26/05/2021 10:38:45 AM
Update On South Indian Bank Ltd By Emkay Global Hope for turnaround with private banker at the helm but need long-term capital support Private banker to head the bank for the first time, raising hope for the much-needed turnaround: South Indian Bank (SIB) has long been plagued with asset-quality issues given its legacy corporate-heavy asset book built largely by PSU bankers heading the bank in the past, making it difficult for the bank to raise survival/growth capital. To avoid the fate of other weak small banks such as LVB and BOR cal...
Update On South Indian Bank Ltd By Emkay Global
Update On South Indian Bank Ltd By Emkay Global
Source: Emkay Global Financial Services Ltd
9/03/2021 10:18:20 AM
Key News South Indian Bank, Bandhan Bank & Jindal Steel Ltd by SPA Securities Key News South Indian Bank books Q3 loss at Rs 92 cr over Covid-related slippages South Indian Bank (SIB) reported a net loss of Rs 92 crore in the quarter ended December 2020, compared to Rs 91 crore during the same period a year ago. "The quarterly loss was mainly on account of credit cost on the higher proforma slippages during the third quarter, as a result of additional stress in the economy due to Covid pandemic," said Murali Ramakrishnan, MD & CEO of the Bank, addi...
Key News South Indian Bank, Bandhan Bank & Jindal Steel Ltd by SPA Securities
Key News South Indian Bank, Bandhan Bank & Jindal Steel Ltd by SPA Securities
Source: SPA Securities Ltd
22/01/2021 9:48:44 AM