A case was registered against Kiran, his business partners Ajay Mohan, Deepak Dharmapalan, and C G Babu, and their firms Catrix Luminant and Solar System, Prakash Engineering and Technology and GV Optic Solutions in connection with the fraud. The Crime Branch (CB) took over the probe from Thrissur West police.
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Category: South Indian Bank
South Indian Bank: Tata Motors ties up with South Indian Bank for commercial vehicle finance
Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across the auto major’s entire commercial vehicle portfolio, Tata Motors said in a statement. “For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealerships to achieve their business goals,” Rajesh Kaul, Tata Motors Commercial Vehicles Vice President & Business Head Trucks, said. Tata Motors sells an extensive range…
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South Indian Bank: Tata Motors ties up with South Indian Bank for commercial vehicle finance
Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding (MoU), South Indian Bank will offer financing solutions across the auto major’s entire commercial vehicle portfolio, Tata Motors said in a statement. “For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealerships to achieve their business goals,” Rajesh Kaul, Tata Motors Commercial Vehicles Vice President & Business Head Trucks, said. Tata Motors sells an extensive range…
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South Indian Bank Profit: South Indian Bank logs 23% rise in profit
Mumbai: Thrissur-based private lender South Indian Bank reported its highest-ever quarterly net profit at ₹333.9 crore in the March quarter. The bank saw its profit grow nearly 23% on-year versus the ₹272 crore reported in the corresponding quarter last year.For the full fiscal year 2022-23, the bank reported a profit of ₹775 crore. The bank also declared a dividend of 30 paise per equity share.Net interest income or the core income of the bank rose 43.4% on-year to ₹857.2 crore against ₹597.7 crore in the corresponding quarter last year.The gross non-performing asset ratio improved 76 basis points to 5.14% during the quarter versus 5.90% a year ago. Net non-performing ratio…
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SIB's net profit grows 22.5% in Q1 2024 | Emirates News Agency – wam.ae
SIB’s net profit grows 22.5% in Q1 2024 | Emirates News Agency wam.ae
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Source: https://wam.ae/article/b2s9qk7-sibs-net-profit-grows-225-2024
south indian bank q1 results: South Indian Bank Q1 Results: Net profit jumps 75% YoY on higher interest margins
Thrissur-based South India Bank recorded a 75% growth in net profit for the quarter ended June 30, on higher interest income. Net Profit for the quarter amounted to Rs 202.35 crore compared to Rs 115.35 crore in the same period a year ago. Net interest income went up 34 percent from Rs. 603.38 crore in the June’22 quarter to Rs. 807.77 crore in the latest quarter.Speaking to ET , Murali Ramakrishnan, MD & CEO of the Bank said that the bank managed to improve its net interest margin. “ Net interest margin for the quarter increased to 3.34 percent during the quarter from 2.74 percent in the same period a year ago” while the cost of funds rose from 4.5 percent in June’22 quarter to…
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Tata Motors signs MoU with South Indian Bank for commercial vehicle financing; stocks rise
Tata Motors MoU with South Indian Bank: Tata Motors announced on Monday, April 29, that it has signed a memorandum of understanding (MoU) with South Indian Bank to offer convenient financing solutions to its commercial vehicle customers and dealerships. South Indian Bank will offer financing across the entire commercial vehicle portfolio, and customers, the press release said, will benefit from the bank’s wide network and specially curated easy repayment plans.
“The alliance represents a significant stride towards providing enhanced support to dealerships, fostering growth, minimising collateral requirements, lowering the rate of interest, and streamlining credit processing,” the press…
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Tata Motors And South Indian Bank Collaborate For Commercial Vehicle Financing
Tata Motors on Monday said it has tied up with South Indian Bank to offer financing solutions to its commercial vehicle customers and dealerships. As part of the Memorandum of Understanding, South Indian Bank will offer financing solutions across the auto major’s entire commercial vehicle portfolio, Tata Motors said in a statement.”For our customers, easy access to financing solutions for their commercial vehicles is one of the key priorities for their operations. Our alliance aims to empower fleet owners and dealerships to achieve their business goals,” Rajesh Kaul, Tata Motors Commercial Vehicles Vice President & Business Head Trucks, said.Tata Motors sells an extensive range of sub…
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Lakshmi Ramakrishna Srinivas appointed as an Additional Director of SIB
Lakshmi Ramakrishna Srinivas has been appointed as the Additional Director (Non-Executive Independent Director) of South Indian Bank. Srinivas aged 60 years, is a Seasoned banker with extensive work experience of over 38 years in State Bank of India, banking behemoth, in various capacities. She holds BA (Hons), MA, CAIIB-Part-I. She started her banking career as a probationary officer of State Bank of India in 1985 and has superannuated as Chief General Manager & Head-Strategic Training Unit in June, 2023.
During the tenure in SBI, she has held assignments in all aspects of banking with specialization in Credit Management (Corporate and Retail) and…
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South Indian Bank’s Azmat Habibulla on achieving business opportunities with new age marketing tools, ET BrandEquity
Azmat HabibullaThe latest episode of ‘‘The Independent Marketer’ features Azmat Habibulla, chief marketing officer of South Indian Bank, who emphasises the importance of independence in marketing, usage of personalisation at scale to reach out to customers and equipping new age media technologies aligned with business opportunities. According to her, marketing should be independent, to get the best out of it. Speaking from the BFSI sector’s point of view, Habibulla stated that marketing cannot be a siloed function. She said, “In this industry, if marketing as a function works very closely with business to achieve its objectives, it becomes…
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