Is South Indian Bank merged with any bank?
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
private sector banks
Is South Indian Bank RBI approved?
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
Salim Gangadharan
Why is South Indian Bank 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.20-Jan-2022
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 it good to buy South Indian Bank share?
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.
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.
What is the rating of South Indian Bank?
Short Term Ratings
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 -20.45% from the last price of 17.60.
Is South Indian Bank Profitable?
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.
No minimum balance needs to be maintained. An ATM card is provided at no additional cost. 10 cheque leaves are provided for free.
What is SIB full form?
Answer: The full form of S.I.B is the Special Investigation Branch.
South Indian Bank (SIB) was incorporated in 1908 by a group of enterprising men at Thrissur. One of the earliest banks in South India, South Indian Bank came into being during the Swadeshi movement.
How many branches does SIB have in India?
South Indian Bank has 956 branches in 30 states / union territories of India.
South Indian Bank Ltd. The company has a good dividend track report and has consistently declared dividends for the last 5 years.
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
What will be the future of South Indian Bank?
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
The lender reported better-than-expected September quarter results, with operating performance improving for the third consecutive quarter. ICICI Securities has revised its price target on the stock to Rs 13 from Rs 8, as it upgraded its earnings estimates by 75 per cent for FY23 and 50 per cent for FY24E.25-Oct-2022
What are the products of South Indian Bank?
Is South Indian Bank merged with any bank?