Category: South Indian Bank

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High-frequency trading firms on January 18 were active in Zee Media, South Indian Bank, and National Fertilisers Limited, making quick bucks by flipping trades in seconds. While South Indian Bank touched a 52-week high, Zee Media closed higher.
High-frequency trading firms (HTFs) – or algo firms on steroids –use complex algorithms and powerful computers to execute trades at lightning speeds. These firms typically try to capture the spread between the spot and futures prices, but recently they have been active…
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Source: https://www.moneycontrol.com/news/business/stocks/hft-scan-zee-media-and-south-indian-bank-see-brisk-trading-12080671.html/amp

Sharjah24: The Sharjah Islamic Bank (SIB) maintained its strong financial position amid global economic challenges. This confirms the SIB’s flexibility in the face of rising profit rates and global inflation rates, in addition to increasing banking competition, which confirms the success and effectiveness of the policies pursued by the SIB, which have led to achieving strong financial performance and continuous growth year after year.
Sharjah Islamic Bank sustains robust growth, achieving a 31% surge in net profits to AED 841.5 million in 2023, compared to AED 650.9 million in 2022. Operating profits also see a 23% rise, reaching AED 2.0 billion for 2023, up from AED 1.6 billion in…
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Source: https://www.sharjah24.ae/en/Articles/2024/01/18/SIB-achieves-AED-841-mil-net-profit-an-increase-of-31-at-2023

Dhampur Bio Organics Limited Q3 EarningsTotal Income: Rs 440.64 crore vs Rs 697.08 crore YoYTotal Expense: Rs 448.48 crore vs Rs 676.93 crore YoYNet Loss: Rs 5.64 crore vs Profit of Rs 14.94 crore YoY
Earnings season for the third-quarter of fiscal year 2024 (Q3FY24), from October to December, has kicked off. Companies across various sectors have began their quarterly financial announcements. During the Q3 earnings period, companies release their financial reports, outlining key metrics such as earnings, revenues, expenses, profits, losses, and other significant financial indicators.
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Source: https://www.freepressjournal.in/amp/business/earnings-q3-2024-live-south-indian-bank-net-profit-rises-to-30538-total-income-at-263623-cr

NewsEducationEnactus-IIT Delhi, South Indian Bank invite applications for SIB Finathon

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SIB Finathon has three hackathon challenges— gamification, virtual branch and hyper personalisation of the mobile app. The deadline to submit the applications is October 10.

SIB Finathon: The last date to apply is October 10 (Express photo by Abhinav Saha/ Representative Image)
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Enactus– Indian Institute of Technology (IIT) Delhi in association with South Indian Bank is inviting applications for its hackathon ‘SIB Finathon.’ The registrations are open…
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Source: https://indianexpress.com/article/education/enactus-iit-delhi-south-indian-bank-invite-applications-for-sib-finathon-8970034/lite/

SKYMET predicts India is likely to experience average monsoon conditions in 2024| Commodities corner

In the “Preliminary Monsoon Forecast Guidance for 2024,” Skymet foresees the approaching monsoon as being categorized as ‘normal.’ This year is likely to be one of those characterized by a robust commencement, progressing steadily and concluding approximately midway within the normal range. The standard range for normal rainfall is defined as 96-104% of LPA (868.6mm). Catch Manisha Gupta in conversation with G P Sharma, President, Meteorology & Climate CHange, Skymet

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Source: https://www.moneycontrol.com/

The banking credit penetration in India is still quite low when compared to global peers, but South Indian Bank sees this as an opportunity for growth. In an exclusive interview with Bizz Buzz, Thomas Joseph, EVP and Chief Business Officer of South Indian Bank, discusses the key initiatives that are driving the bank’s growth in FY23-24. He also talks about how the bank is planning to evolve and stay relevant in the face of competition from new-age banks and PSUs.Please elaborate on the key initiatives that are driving the growth of the bank in FY23-24.• Introduction of new products and services: We’re expanding our product range by improving existing services and introducing new ones…
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Source: https://www.bizzbuzz.news/amp/bizz-talk/south-indian-bank-sees-opportunity-in-indias-low-banking-credit-penetration-1254812

Azmat Habibulla, CMO, South Indian Bank for joining us as our illustrious speaker!  Exchange4Media
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Source: https://www.exchange4media.com/videos/azmat-habibulla-cmo-south-indian-bank-for-joining-us-as-our-illustrious-speaker-4302.html