The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on South Indian Bank Limited for non-compliance with certain provisions of the Reserve Bank of India Act, 1934. The penalty was imposed as the bank...
Read MoreHere is a summary of the content within the 200-word limit: The Reserve Bank of India (RBI) has imposed a penalty of Rs 59.20 lakh on South Indian Bank for failing to comply with interest rates and customer service instructions...
Read MoreThe Reserve Bank of India (RBI) has imposed a penalty of Rs 59.20 lakh on South Indian Bank for non-compliance with certain directions on interest rates on deposits and customer service. The penalty was imposed after a statutory...
Read MoreThe Reserve Bank of India (RBI) has imposed a penalty of ₹59.20 lakh on South Indian Bank for failing to comply with certain directions. The penalty was imposed after a statutory inspection for supervisory evaluation found...
Read MoreSouth Indian Bank has announced its Q1 results, showing a significant increase in net profit. For the quarter ended June 30, 2022, the bank reported a net profit of Rs. 294 crore, a year-on-year (YoY) growth of 45% compared to...
Read MoreSouth Indian Bank has launched a new Diwali campaign, “Rishton Se Hai Diwali, Har Din”, which focuses on the message that Diwali is not just a four-day festival, but a celebration of daily joy, love, and connections...
Read MoreSouth Indian Bank’s Managing Director and CEO, M S M A Hakim, was interviewed by Moneycontrol. In the interview, Hakim spoke about the bank’s efforts to plug credit card gaps. He mentioned that the bank had to...
Read MoreSouth Indian Bank has reported an 18% year-on-year increase in its net profit for the Q2 (July-September) period, totaling Rs 113.45 crore. The bank’s net interest income rose 22% to Rs 744 crore, driven by a 15% increase...
Read MoreSouth Indian Bank has announced changes to its Marginal Cost of Funds Based Lending Rates (MCLR) effective October 20, 2024. The changes were made in accordance with SEBI’s listing regulations. The revised MCLR rates are...
Read MoreSouth Indian Bank reported an 18% increase in profit to Rs 325 crore for the second quarter ended September 2024. This represents a significant growth from the net profit of Rs 275 crore in the same quarter a year ago. The...
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