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…
Read More…
Category: South Indian Bank
Azmat Habibulla, CMO, South Indian Bank for joining us as our illustrious speaker! – Exchange4Media
Azmat Habibulla, CMO, South Indian Bank for joining us as our illustrious speaker! Exchange4Media
Read More…
South Indian Bank Appoints VJ Kurian As Chairman – BW Businessworld
South Indian Bank Appoints VJ Kurian As Chairman BW Businessworld
Read More…
Buy South Indian Bank; target of Rs 31: ICICI Securities
Story continues below Advertisement
ICICI Securities research report on South Indian Bank
Despite muted loan growth, South Indian Bank (SIB) reported a strong Q2FY24 with PAT at INR 2.75bn (97bps RoA), driven by benign credit costs while asset quality improved. In the last three years, SIB has come a long way and we believe the ongoing transformation journey should re-accelerate under Mr Seshadri. Notwithstanding some pressure on near-term NIMs, we see stable FY25 YoY NIMs aided by favourable mix and low LDR. We revise our earnings estimates…
Read More…
SIB to attach Bomas bank accounts over Sh104m debt
Standard Investment Bank (SIB) has been allowed to attach two bank accounts belonging to Bomas of Kenya over a debt of Sh104 million.Standard Investment Bank (SIB) has been allowed to attach two bank accounts belonging to Bomas of Kenya over a debt of Sh104 million, arising from an arbitral award.Justice Alfred Mabeya ruled that Bomas of Kenya has not denied that the amount is yet to be settled and the argument that the money in the two bank accounts at KCB, Moi Avenue Branch, was not enough to pay the entire amount, was no reason to deny the bank from attaching the accounts.“In view of the foregoing, I am satisfied that the application is meritorious and I allow the same as prayed,”…
Read More…
Non-customers of South Indian Bank will need OVD for note exchange – Times of India
Non-customers of South Indian Bank will need OVD for note exchange Times of India
Read More…
sobha share price: Big movers on D-Street: What should investors do with South Indian Bank, HUL and Sobha?
Equity benchmarks ended lower in highly volatile trade on Thursday, let down by profit booking and weakness in the global markets.Among the sectors, auto gained 0.41%, IT was up 0.43%, while banking, metals, and financials dragged.Stocks that were in focus include names like South Indian Bank, which gained 9.57%, HUL, which was up 0.88% and Sobha, whose shares have risen nearly 7% on Thursday.Here’s what Amol Athawale, VP-Technical Research at Kotak Securities, recommends investors should do with these stocks when the market resumes trading today:South Indian Bank — Buy above Rs 18Last Thursday, the stock rallied nearly 10%. Despite tepid market conditions, the stock held positive…
Read More…
Max Life ties up with SIB to offer life insurance solutions
Mumbai, Aug 01 Max Life Insurance has announced its partnership with South Indian Bank, a premier private sector bank in India. 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…
Read More…
South Indian Bank shares zoom 159% from 52-week low; time to buy, sell or hold? – Business Today
South Indian Bank shares zoom 159% from 52-week low; time to buy, sell or hold? Business Today
Read More…
South Indian Bank Partners with actyv.ai to Offer GST-Based Loans and Wins Digital CX Awards
Bengaluru (Karnataka) [India], June 9: actyv.ai, a leading AI-powered enterprise SaaS platform with embedded B2B BNPL and insurance offerings, has congratulated its partner South Indian Bank for winning the prestigious Digital CX Awards in Singapore recently. The Awards, instituted by Singapore-based ‘The Digital Banker’, recognize excellence in providing exceptional digital experiences to customers. The bank won the award under the SME loans category for its remarkable performance in providing GST-based loans through a Technology platform.
The South Indian Bank is a major private sector bank in India with its headquarters located in Thrissur, Kerala. The bank has an extensive…
Read More…