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Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank Below the Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank   “The RBI’s Monetary Policy Committee (MPC) decision to retain the repo rate at 6.5% highlights its balanced approach to supporting growth while keeping inflation under control. Acknowledging growth-inflation concerns, the decision to reduce the Cash Reserve Ratio (CRR) by 50 basis points is a prudent move that will inject liquidity into the banking system. This well-...
Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank
Reaction On Monetary Policy Committee By Mr. Vinod Francis, GM & CFO, South Indian Bank
Source: PR Agency
2024-12-06 05:44:58 pm
Buy South Indian Bank Ltd For Target Rs.27 By Geojit Financial Services Ltd Moving forward with steady growth South Indian Bank (SIB), is a private sector bank headquartered in Kerala. The bank has 955 branches, with majority of them in South India. Currently, the bank has a loan book size of Rs.84,714cr and a deposit base of Rs.105,451cr. * In Q2FY25, the bank reports a 11%YoY growth in interest income to Rs. 2354.7cr, driven by 10.5%YoY growth in interest from loans. * Advances increased by 13% YoY during Q2FY25, driven by strong disbursements in personal ...
Buy South Indian Bank Ltd For Target Rs.27 By Geojit Financial Services Ltd
Buy South Indian Bank Ltd For Target Rs.27 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-10-31 12:43:21 pm
South Indian Bank Unveils Heart-warming Diwali Film South Indian Bank is delighted to announce the release of its new Diwali Brand film, "Rishton Se Hai Diwali, Har Din." This heart-warming campaign beautifully conveys the message that Diwali is much more than just a four-day festival—it is a celebration of the joy, love, and connections shared with loved ones every day.   With this Brand film, South Indian Bank continues to emphasize its long-standing philosophy of "Investing in Relationships since 1929." ...
South Indian Bank Unveils Heart-warming Diwali Film
South Indian Bank Unveils Heart-warming Diwali Film "Rishton Se Hai Diwali, Har Din"
Source: PR Agency
2024-10-24 05:29:28 pm
South Indian Bank posts a robust Net Profit of Rs. 325 Cr. in Q2 of FY 25 South Indian Bank had declared net profit of Rs. 324.69 Cr. for Q2 FY 2024-25 registering a growth of 18.15% compared to Rs. 274.81 Cr in Q2 FY 2023-24   Key Highlights Operating profit for the quarter increased by 19.51% from Rs. 460.44 Cr. in Q2 FY 24 to Rs. 550.25 Cr. in Q2 FY 25 * Net profit of the Bank for quarter is up by 18.15% from Rs. 274.81 Cr. in Q2 FY 24 to Rs. 324.69 Cr. in Q2 FY 25 * Gross NPA came down by 56 bps from 4.96% to 4.40% on Y-o-Y basis * Net NP...
South Indian Bank posts a robust Net Profit of Rs. 325 Cr. in Q2 of FY 25
South Indian Bank posts a robust Net Profit of Rs. 325 Cr. in Q2 of FY 25
Source: PR Agency
2024-10-16 05:35:58 pm
Accumulate South Indian Bank Ltd Rs. 32 By Geojit Financial Services Ltd Robust growth and improved profitability South Indian Bank, is a private sector bank headquartered in Kerala. The bank has 955 branches, with majority of them in South India. Currently, the bank has a loan book size of Rs.82,580cr and a deposit base of Rs.103,532cr. * The bank reported strong Q1 results, with key business parameters such as advance growth, asset quality, and PCR showing improvement. * Advances have remained strong, growing 11%YoY during Q1FY25, driven by strong disbu...
Accumulate South Indian Bank Ltd Rs. 32 By Geojit Financial Services Ltd
Accumulate South Indian Bank Ltd Rs. 32 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd
2024-07-29 12:53:18 pm
South Indian Bank kicks off to a Flying Start with a Solid Net Profit of Rs 294 Cr in Q1 of FY 25 Key Highlights * Operating profit for the quarter increased by 3.56% from Rs. 490.24 Cr. in Q1 FY 24 to Rs. 507.68 Cr. in Q1 FY 25 * Net profit of the Bank for quarter is up by 45.36% from Rs.202.35 Cr. in Q1 FY 24 to Rs.294.13 Cr. in Q1 FY 25 * GNPA came down by 63 bps from 5.13% to 4.50% on Y-o-Y basis * NNPA dropped by 41 bps from 1.85% to 1.44% on Y-o-Y basis * Net interest income went up from Rs. 807.77 Crore to Rs. 865.77 Crore, registering a growth of 7.18 % on Y-o-Y bas...
South Indian Bank kicks off to a Flying Start with a Solid Net Profit of Rs 294 Cr in Q1 of FY 25
South Indian Bank kicks off to a Flying Start with a Solid Net Profit of Rs 294 Cr in Q1 of FY 25
Source: PR Agency
2024-07-19 05:35:27 pm
South Indian Bank wins 4 awards at Infosys Finacle Innovation Awards 2024 South Indian Bank reaffirmed its position as a leader in innovation and excellence by clinching multiple awards at the Infosys Finacle Innovation Awards 2024. Recognized across various categories, including Business Model Innovation, Corporate Banking Innovation, Ecosystem-led Innovation, and Customer Engagement, the Bank's commitment to pioneering solutions was celebrated on a grand scale. SIB's pioneering initiative, SIB eDirect, secured the prestigious Platinum Winner title for ...
South Indian Bank wins 4 awards at Infosys Finacle Innovation Awards 2024
South Indian Bank wins 4 awards at Infosys Finacle Innovation Awards 2024
Source: PR Agency
2024-06-13 02:05:49 pm
Tata Motors rises on inking MoU with South Indian Bank for seamless commercial vehicle financing Tata Motors is currently trading at Rs. 1014.75, up by 14.30 points or 1.43% from its previous closing of Rs. 1000.45 on the BSE. The scrip opened at Rs. 1005.00 and has touched a high and low of Rs. 1019.55 and Rs. 999.00 respectively. So far 163658 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 474.60 on 02-May-2023. Last one week high and low of the scrip stood...
Tata Motors rises on inking MoU with South Indian Bank for seamless commercial vehicle financing
Tata Motors rises on inking MoU with South Indian Bank for seamless commercial vehicle financing
Source: Accord Fintech
2024-04-30 03:11:01 pm
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing South Indian Bank has signed an MoU (Memorandum of Understanding) with Ashok Leyland Limited for financing their dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide unmatched dealer finance options to the dealers of Ashok Leyland Limited.   With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding. This arrangement is mutually beneficial for the vehicle manufac...
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
Source: PR Agency
2024-04-19 08:49:47 am
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing South Indian Bank has signed an MoU (Memorandum of Understanding) with Ashok Leyland Limited for financing their dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide unmatched dealer finance options to the dealers of Ashok Leyland Limited.   With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding. This arrangement is mutually beneficial for the vehicle manufac...
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
South Indian Bank signs MOU with Ashok Leyland Limited for Dealer Financing
Source: PR Agency
2024-04-18 12:44:43 pm
Quote on the RBI monetary policy by Mr. P R Seshadri, MD & CEO, South Indian Bank Below the Quote on the RBI monetary policy by Mr. P R Seshadri, MD & CEO, South Indian Bank    “As the RBI Governor rightly pointed out, the global economy is still a blurred picture. Globally, inflation seems to be moving closer towards desired numbers and growth seems to be holding up, even for emerging economies. At the same time, new geo-political flashpoints such as the current disruption in the Red Sea, seem to be taking economies two steps back after each...
Quote on the RBI monetary policy by Mr. P R Seshadri, MD & CEO, South Indian Bank
Quote on the RBI monetary policy by Mr. P R Seshadri, MD & CEO, South Indian Bank
Source: South Indian Bank
2024-02-08 05:24:31 pm
Quote on the RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank Below the Quote from Mr. P R Seshadari MD & CEO of South Indian Bank on the RBI Monetary Policy   “As expected, The MPC has decided to keep the repo rate unchanged at 6.5% and SDF rate at 6.25%, and MSF rate & Bank rate at 6.75% respectively. The recommendations are consistent with the MPC’s calibrated measures to rein in sticky inflation. Through the MPC actions, RBI has managed to keep the Indian economy resilient, that has translated into a growth momentum...
Quote on the RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank
Quote on the RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank
Source: PR Agency
2023-12-09 03:25:27 pm
Quote on RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank Below the Quote on RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank   “As expected, The MPC has decided to keep the repo rate unchanged at 6.5% and SDF rate at 6.25%, and MSF rate & Bank rate at 6.75% respectively. The recommendations are consistent with the MPC’s calibrated measures to rein in sticky inflation. Through the MPC actions, RBI has managed to keep the Indian economy resilient, that has translated into a growth momentum in an...
Quote on RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank
Quote on RBI Monetary Policy by Mr. P R Seshadari MD & CEO of South Indian Bank
Source: PR Agency
2023-12-08 05:17:52 pm
South Indian Bank and Enactus IIT Delhi Announcing Winners of SIB Finathon South Indian Bank (SIB), in collaboration with Enactus - Indian Institute of Technology (IIT), Delhi, proudly announced the winners of its esteemed hackathon competition - SIB Finathon. SIB Finathon aligns with the Bank's commitment to fostering next-generation banking that encompasses innovation and the adoption of cutting-edge technology. The winners of the competition are Team Akatsuki from IIT, Delhi (First Prize – 3 lakhs), Team Hyperpersonalizers from IIT Roorkee (Second Pr...
South Indian Bank and Enactus IIT Delhi Announcing Winners of SIB Finathon
South Indian Bank and Enactus IIT Delhi Announcing Winners of SIB Finathon
Source: PR Agency
2023-11-06 02:24:05 pm
South Indian Bank delivers a strong Net Profit of Rs. 275 Crore for Q2 FY 24 South Indian Bank declared Net Profit of Rs. 275 Cr for Q2 FY 2023-24 registering a growth of 23.2% compared to Rs. 223 Cr in Q2 FY 2022-23.Key Highlights* Operating profit for the quarter increased by 8.2% from Rs. 426 Cr in Q2 FY 23 to Rs. 460 Cr in Q2 FY 24 * Net profit of the Bank for quarter is up by 23.2% from Rs. 223 Cr in Q2 FY 23 to Rs. 275 Cr in Q2 FY 24 * GNPA came down by 71 bps from 5.67% to 4.96% on Y-o-Y basis * NNPA dropped by 81 bps from 2.51% to 1.70% on Y-o-Y basis * Net in...
South Indian Bank delivers a strong Net Profit of Rs. 275 Crore for Q2 FY 24
South Indian Bank delivers a strong Net Profit of Rs. 275 Crore for Q2 FY 24
Source: PR Agency
2023-10-19 05:02:27 pm
South Indian Bank unveils Loan Against Securities (LAS) for Demat Account Holders South Indian Bank (SIB), one of the leading private sector banks with an over nine-decade legacy, has launched a new offering - Loan Against Securities (LAS). LAS has been crafted for South Indian Bank's Demat account holders, providing them with a unique opportunity to utilise their Nifty100 shares in Demat form to fulfil their diverse financial needs.Speaking on the launch,?Mr. Sanchay Kumar Sinha, CGM & Country Head- Retail Banking Department, South Indian Bank?said?"We keep our customers ...
South Indian Bank unveils Loan Against Securities (LAS) for Demat Account Holders
South Indian Bank unveils Loan Against Securities (LAS) for Demat Account Holders
Source: PR Agency
2023-10-06 02:25:39 pm
South Indian Bank Welcomes P R Seshadri as New MD & CEO South Indian Bank (SIB), one of India?s leading private sector banks with over nine-decade legacy has appointed P R Seshadri as its MD & CEO effective 1st of October 2023. He will succeed Mr. Murali Ramakrishnan who served a successful tenure from 1st October 2020 till 30th September 2023. With nearly 25 years of banking experience spanning domestic and international markets, Mr. P R Seshadri has held senior leadership positions at prestigious institutions, including K...
South Indian Bank Welcomes P R Seshadri as New MD & CEO
South Indian Bank Welcomes P R Seshadri as New MD & CEO
Source: PR Agency
2023-10-01 02:28:05 pm
South Indian Bank and enactus IIT Delhi invite applications for `SIB FINATHON` South Indian Bank, in association with the Enactus - Indian Institute of Technology (IIT) Delhi, invites applications for its Hackathon named SIB Finathon. The applications are invited from the brightest minds in the student community and are open to IIT students, engineering scholars, technology enthusiasts, and diverse professionals across the country. SIB - Finathon extends three exciting hackathon challenges: Gamification, Virtual Branch, and Hyper-personalization of the mobile app. ...
South Indian Bank and enactus IIT Delhi invite applications for `SIB FINATHON`
South Indian Bank and enactus IIT Delhi invite applications for `SIB FINATHON`
Source: PR Agency
2023-09-30 04:32:37 pm
Bajaj Allianz Life Insurance and South Indian Bank enters into strategic partnership Bajaj Allianz Life Insurance, one of India?s leading private life insurers, and South Indian Bank, a leading Indian private sector bank, announced their strategic partnership, today. The two?signed a corporate agency?arrangement in Kochi. Through this strategic partnership South Indian Bank?s customers? can now fulfil their long-term life goals by investing in Bajaj Allianz Life Insurance?s value-packed products across the bank?s 942 branches in the country.?Mr. Sanchay Kumar Sinha, CGM & Cou...
Bajaj Allianz Life Insurance and South Indian Bank enters into strategic partnership
Bajaj Allianz Life Insurance and South Indian Bank enters into strategic partnership
Source: PR Agency
2023-09-29 01:32:53 pm