Category: South Indian Bank

1 / 9Eureka Forbes | Lunolux, a firm backed by private equity firm Advent International, is likely to sell up to 12% stake (2.3 crore shares) in health and hygiene products maker via block deals, sources privy to the developments told CNBC Awaaz. The floor price of the deal is set at ₹494.75 per share, with a maximum allowable discount of 3%.2 / 9NBCC | State-owned on Wednesday said it has been granted an in-principle approval by the Greater Noida Authority for the redevelopment of five projects associated with the Amrapali Group. The projects, estimated at a value of around ₹10,000 crore, include Centurian Park, Golf Homes, Leisure Park, Leisure Valley, and Dream Valley, all located…
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Source: https://www.cnbctv18.com/photos/market/stocks/stocks-to-watch-eureka-forbes-nbcc-brigade-enterprises-south-indian-bank-grasim-and-more-19105861.htm

New Delhi: Max Life Insurance Company Ltd. on Tuesday announced its partnership with private leder South Indian Bank. Through this partnership, SIB customers will now have access to an extensive range of Max Life Insurance’s products tailored to meet their specific needs, including protection, savings and retirement solutions. South Indian Bank is a pioneer in technology-based banking, offering an array of digital products and services with 940 branches across India. The Bank recently declared a net profit of Rs. 775.09 Cr for the FY 22-23, highest ever in the history of the Bank. V. Viswanand, Deputy Managing Director, Max Life said, “Max Life is sharply focused on growing its…
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Source: https://www.indiablooms.com/finance-details/18837/max-life-ties-up-with-south-indian-bank-to-offer-life-insurance-solutions.html

Ashok Leyland Limited has signed a Memorandum of Understanding with South Indian Bank for financing dealers under the Bank’s dealer finance program. Under this partnership, the Bank will provide competitive dealer finance options to the dealers of Ashok Leyland Limited.

Speaking on the partnership, Gopal Mahadevan, Director and Chief Financial Officer, Ashok Leyland Limited said, “We are pleased to partner with South Indian Bank. This alliance will offer appropriate inventory financing solutions to our network of dealers. We, Ashok Leyland and South Indian Bank, are committed to provide exceptional customer experiences.”

Speaking on the alliance, Biji S S, Senior General…
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Source: https://www.financialexpress.com/business/express-mobility/ashok-leyland-tie-up-with-south-indian-bank-for-dealer-financing/3464464/lite/

The board of directors of South Indian Bank on March 28 considered the request of managing director & CEO Murali Ramakrishnan to not apply for an extension of his tenure after September 30, on account of personal and family reasons, as per an exchange notice by the bank.

“This is to inform that the board of directors of the Bank, in their meeting held today, i.e., March 28, 2023, considered the request of Mr. Murali Ramakrishnan, managing director & CEO, not to offer himself for re-appointment due to personal reasons/family circumstances, on completion of his current term, i.e. up to September 30, 2023,” the notice said.

It added that the board has constituted a search committee…
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Source: https://www.financialexpress.com/business/banking-finance-south-indian-bank-md-murali-ramakrishnan-opts-out-of-re-appointment-3025244/lite/

Private sector lender RBL Bank Ltd. on Thursday announced the appointment of banking industry veteran Murali Ramakrishnan as an independent director on its board.Ramakrishnan, who retired as the managing director and chief executive of South Indian Bank till 2023, has been appointed for four years starting from Thursday, a statement said.He has been associated with the banking industry for 37 years, which also includes two decades at ICICI Bank, as per the statement. During his career, he has handled various facets of banking including retail, small and medium enterprise, corporate, project finance, international business, risk, policy in both domestic and international markets.
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Source: https://www.ndtvprofit.com/amp/business/rbl-bank-appoints-ex-south-indian-bank-managing-director-as-independent-director