Is South Indian Bank a good stock to buy?
1. Is The South Indian Bank Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that The South Indian Bank Ltd is a below average quality company.
Saraswat Co-operative Bank, the biggest cooperative bank in the country, has taken over Mumbai-based The South Indian Co-operative Bank, offering huge relief to about 66,000 depositors.01-Sept-2008
Is South Indian Bank share target price?
View 3 reports from 2 analysts offering long term price targets for South Indian Bank Ltd.. South Indian Bank Ltd. has an average target of 14.00. The consensus estimate represents a downside of -23.71% from the last price of 18.35.
Salim Gangadharan is the Chairman and Non-Executive Independent Director of the Board of our Bank. Mr. Gangadharan holds a Master's Degree in Economics from the University of Kerala. He is also a certified associate of the Indian Institute of Bankers.
Why is SIB in loss?
Private sector lender South Indian Bank reported Rs 50.3 crore net loss in the December quarter, owing to fall in both interest income and other income while its asset quality deteriorated sharply. The loss was however 45 per cent less compared to the year ago period's loss of Rs 91.6 crore.20-Jan-2022
SBI with an average customer ratings of 3.5 is equally comparable to South Indian Bank with an average customer rating of 3.5, and hence, the customer can expect the same kind of service levels from these banks.
Is South Indian Bank taken over?
South Indian Co-operative merges with Saraswat Bank - The Economic Times.
Thrissur based South Indian Bank reported a net profit of Rs 223.1 crore during the quarter ended September 2022, compared to a Rs 187 crore loss in the same period a year ago on lower provisioning and higher net interest margins.Market Dashboard. NSE. BSE.
Who is buying South State Bank?
In connection with the merger, the Company announced the appointment of two Atlantic Capital directors to the boards of SouthState and SouthState Bank.28-Feb-2022
South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.31-Dec-2020
Will South Indian Bank give dividend?
South Indian Bank Ltd. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
Asset quality of the lender improved as gross non-performing assets (NPAs) fell to 5.67 per cent of gross advances as of end-September 2022 from 6.65 per cent by end of September 2021.
Is South Indian Bank under RBI?
The FIRST among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act. The FIRST bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992.
South Indian Bank had earlier been appointed as the Agency Bank of the Reserve Bank of India. South Indian Bank customers will soon be able to pay their direct and indirect taxes through South Indian Bank's digital channels like SIBerNet Internet Banking and SIB Mirror+ Mobile Banking as well as through the branches.13-Jan-2022
Which bank is best Canara or South Indian Bank?
Which is a better bank for Home Loan – Canara Bank or South Indian Bank? Canara Bank offers lower Home Loan EMI at ₹ 772 on a Home Loan for 30 Years as compared to South Indian Bank with a minimum EMI of ₹ 787 for 30 Years.
Net NPAs dropped 134 bps to 2.51 percent from 3.85 percent on a year-on-year basis.26-Oct-2022
What is the minimum balance of SIB?
South Indian Bank Minimum Balance Requirement
Answer: The full form of S.I.B is the Special Investigation Branch.
How is the performance of South Indian Bank?
As on 16 Dec, 2022, 03:59 PM IST South Indian Bnk share price was down by 5.81% basis the previous closing price of Rs 20.15. South Indian Bnk share price was Rs 19.45. Return Performance of South Indian Bnk Shares: 1 Week: South Indian Bnk share price moved up by 7.16%
Headquartered in Mumbai, Housing Development Finance Corporation Ltd. HDFC is the largest private sector bank in India & also No. 1 Bank in India according to the bank ranking in India.06-Dec-2022
Is SIB nationalized?
Unsourced material may be challenged and removed. South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India.
Is South Indian Bank a good stock to buy?