The South Indian Bank Limited
Established in 1929, South Indian Bank was the first ‘scheduled bank’ amongst the private banks in Kerala. It has strong presence in south India and particularly in Kerala. South Indian Bank provides retail and corporate banking, para banking activities such as debit card, third party financial product distribution, in addition to Treasury and Foreign Exchange Business.
What The files
- Others97
- Important69
- Investor Meet53
- Updates22
- Board Meeting15
- PPTs7
The South Indian Bank Limited has announced that a proposed nationwide bank strike may impact normal branch operations. However, ATMs and digital channels will remain fully functional to serve customers uninterrupted.
South Indian Bank increased its Marginal Cost of Funds Based Lending Rates (MCLR). Overnight MCLR is now 8.15%, with the one-year rate at 9.45%. This will impact loan pricing and could influence net interest margins.
South Indian Bank is expanding its network by opening five new branches in Kannur, Kerala. These new locations—Panoor, Edoor, Ulikkal, Mattool, and Mayyil—are set to enhance market reach and deepen penetration.
South Indian Bank expands its operational footprint with a new branch opening at Gachibowli Road, Kondapur, Hyderabad. This strategic move aims to enhance its presence and customer reach in the region.
Kotak Mahindra Mutual Fund acquired 1.47 Cr South Indian Bank shares via open market, boosting its total stake to 5.16%. This crosses the 5% mark, signaling increased institutional confidence in the bank.