South Indian Bank shares rally 13% as Q3 net up three times. Key details MSN
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Category: South Indian Bank
CASA ratio may return to peak in a year: South Indian Bank MD – msnNOW
CASA ratio may return to peak in a year: South Indian Bank MD msnNOW
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Abdullahi Adan: Banker leads Kenya’s first shariah-compliant investment bank at SIB
Friday January 19 2024
Abdullahi Omar Adan is on to his next challenge of leading Kenya’s first Shariah-compliant investment banking arm — SIB Najah.
After building Somalia’s Sombank from the ground up as CEO, Abdullahi Omar Adan is on to his next challenge of leading Kenya’s first Shariah-compliant investment banking arm — SIB Najah — armed with more than 17 years of experience in banking and management.
How was your experience building a bank from the rubble and living and working in Somalia?
Having worked on the inception of Islamic banking in the region, which began in Kenya, gave me quite the experience having worked at First Community Bank before moving to Chase…
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South Indian Bank to focus more on MSME, retail businesses this year, says MD & CEO P R Seshadri
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Kerala-headquartered South Indian Bank (SIB) is planning to sharpen its focus towards micro, small, and medium enterprises (MSMEs) and retail businesses this year as part of the lender’s business expansion plan, said the bank’s newly joined Managing Director (MD) and Chief Executive Officer (CEO) P R Seshadri to Moneycontrol in an exclusive interview.
“We want to get some growth on the MSME and retail sides of the house this year. So for that, we are doing a bunch of things in that business. Our focus is on…
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Zee Media and South Indian Bank see brisk trading
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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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SIB achieves AED 841.5 mil net profit, an increase of 31% at 2023
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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Induslnd Bank Net Profit Surges To ₹2,301.49 Cr; Poonawalla Fincorp Net Profit Rises To ₹265.14 Cr
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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Enactus-IIT Delhi, South Indian Bank invite applications for SIB Finathon | Education News
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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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
Source: https://www.moneycontrol.com/
rights issues: Companies in rights rush, seek Rs 50,000 crore
Mumbai: After a gap of four years, rights issues are poised to reclaim prominence in the world of corporate financing as Indian companies expand capacities and strengthen capital buffers for future acquisitions.About four dozen companies, including Indian Oil, Grasim, Tata Consumer, South Indian Bank, UPL, among others, have either declared or are contemplating rights issues to mobilise funds amounting to more than ₹50,000 crore.This resurgence follows a record-breaking achievement in 2020, when 20 companies collectively raised ₹65,000 crore.Indian Oil and Bharat Petroleum Corp. (BPCL), are looking to raise about ₹22,000 crore and ₹18,000 crore, respectively, through rights…
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