Latest News on South Indian Bank
On International Women’s Day, South Indian Bank Honors Inspiring Women Leaders with the launch of ‘Women Like You’, a Heartwarming Coffee Table Book
On International Women’s Day, South Indian Bank launched a special coffee table book, “Women Like You”, which chronicles the inspirational stories of 52 remarkable women from various fields. The book was unveiled by Ms. Lakshmi Ramakrishna Srinivas, Director of South Indian Bank, at a grand event in Bengaluru, attended by distinguished guests, industry leaders, and women customers.
The book features stories of ordinary women who have overcome challenges with strength and resilience, achieving lasting success. The evening’s celebration honored women achievers who have broken barriers and paved their own paths to success, serving as a testament to the fact that every successful woman has a story worth reading and emulating.
The event was headlined by international para-athlete and Padma Shri and Arjuna awardee Dr. Malathi Holla, who shared her inspiring journey in the session “Wings to Fly – An Inspiring Journey”. The evening also featured a panel discussion on “The Art of Balance” moderated by sports and celebrity anchor Madhu Mailankody, which brought together a panel of women achievers to discuss strategies for achieving personal and professional fulfillment.
The panellists included Sreedevi Ragavan, Founder of Tattvamassi and Board of Governors of IIM Kozhikode, Rasika Iyer, Co-founder and CMO of Tata Soulfull, Priya Sunder, Co-founder and Director of Peak Alpha Investments, and Simi Sabhaney, Chief Growth Officer of Dentsu India.
The celebration concluded with a mesmerizing performance by Saxophone Subbalaxmi, the first female saxophonist to hold a world record for playing the instrument for the longest duration. The event reaffirmed the bank’s commitment to empowering women by recognizing their achievements and strengthening its engagement with customers and the community.
South Indian Bank introduces its latest innovation, ‘SIB QUICKPL’, a cutting-edge personal loan platform for seamless borrowing experiences.
South Indian Bank has launched SIB QUICKPL, a digital platform for instant personal loans for new customers. The online platform allows salaried and self-employed individuals with good credit profiles to apply for unsecured personal loans with a completely paperless process, which can be completed in just 10 minutes. The loan amount is credited directly to a savings account with any bank in India.
The platform eliminates the need for document uploads by integrating with the Account Aggregator framework and Income Tax portal for verification. This means customers can apply for loans online without any hassle. The loan application process is fast, transparent, and customer-friendly, making it convenient for individuals to access financing options tailored to their needs.
South Indian Bank has been offering pre-approved personal loans to its existing customers through digital channels since 2019, with disbursal in under a minute. With SIB QUICKPL, the bank is now expanding this service to new customers. The platform is available on the bank’s website, https://pl.southindianbank.com/quickpl/.
Sanchay Sinha, Chief General Manager and Head of Retail Assets at South Indian Bank, highlighted the significance of SIB QUICKPL, stating, "We believe this initiative will empower individuals by offering quick, transparent, and customer-friendly financing options tailored to their dynamic lifestyles." With SIB QUICKPL, South Indian Bank aims to provide easy and convenient access to financing options for individuals, further strengthening its position as a major private sector bank in India.
South Indian Bank Unveils ‘SIB QUICKPL’, a Revolutionary Digital Platform for Instant Personal Loans
South Indian Bank, a private sector bank based in Kerala, has launched “SIB QUICKPL”, a digital personal loan platform designed for new customers. The platform uses a fully digital and paperless process, allowing individuals with good credit profiles to receive an unsecured personal loan and have the funds credited to their savings account within just 10 minutes. The platform is accessible through the bank’s website and can be used by both salaried and self-employed individuals.
The launch of SIB QUICKPL is the latest innovation in the bank’s efforts to provide quick, transparent, and customer-friendly financial solutions. The platform leverages the digital infrastructure of the country, using the Account Aggregator framework to integrate directly with the Income Tax portal for seamless verification. This reduces the need for document uploads and facilitates a faster processing time.
According to Sanchay Sinha, CGM & Head – Retail Assets, the SIB QUICKPL platform reflects the bank’s vision of blending technology with trust, offering seamless financial solutions to new customers. The initiative is designed to provide people with the financial power to fulfill their dreams and aspirations, taking into account the dynamic nature of modern Indian lifestyles.
South Indian Bank has been offering pre-approved personal loans to its existing customers through digital channels since 2019, and with SIB QUICKPL, the bank is now extending this service to new customers. The platform is a significant milestone in the bank’s digital transformation journey, aimed at providing customers with quick and convenient financing options.
With SIB QUICKPL, South Indian Bank is demonstrating its commitment to innovation and customer satisfaction, making personal financing more accessible and faster for individuals in India. The platform is designed to be user-friendly, convenient, and transparent, reflecting the bank’s goal of providing a seamless experience for its customers.
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South Indian Bank claimed five prestigious awards at the 20th edition of the International Banking Awards 2024, solidifying its position as a leader in the industry.
South Indian Bank (SIB) was recognized at the 20th edition of the Annual Banking Technology Awards 2024 for its innovative approach to banking technology. The awards, organized by the Indian Banks’ Association (IBA), recognize banks that have adopted modern digital solutions to bring about transformational changes in their businesses. SIB was declared the winner in the “Best Tech Talent & Organization” category, while receiving special mentions in four other categories: “Best Digital Sales, Payments & Engagement”, “Best IT Risk Management”, “Best Fintech, & DPI Adoption”, and “Best Financial Inclusion” (as a runner-up). The bank’s Managing Director and CEO, Mr. P R Seshadri, expressed his joy and pride at the recognition, highlighting the bank’s commitment to using technology to enhance customer experience, drive financial inclusion, and ensure secure digital transactions. He noted that the awards encourage the bank to continue its drive towards continuous innovation, uncovering novel banking solutions for all stakeholders, and solidifying its position as a forward-thinking financial institution.
South Indian Bank Unveils ‘SIB Quick FD’, a Convenient Way to Open and Manage Fixed Deposits
South Indian Bank has introduced a new product variant, SIB Quick FD, which allows customers to open fixed deposits (FDs) digitally using funds from other bank accounts through UPI. This innovative solution enables customers to invest in FDs seamlessly and conveniently, eliminating the need for a prior relationship with the bank.
The SIB Quick FD is a paperless and hassle-free process that can be completed in just 5 minutes. Customers only need to provide their PAN and Aadhaar details, making the on-boarding process streamlined and efficient. The product offers flexible terms, with FDs starting from just ₹1,000 and competitive interest rates. Additionally, deposits are insured up to ₹5 lakhs, ensuring peace of mind for customers.
One of the key benefits of SIB Quick FD is its 24/7 availability, allowing customers to open FDs at any time that suits them. The process is also UPI-enabled, enabling customers to fund their FDs quickly and easily. With SIB Quick FD, South Indian Bank continues to drive innovation and enhance customer experience through digital banking solutions.
Overall, SIB Quick FD is an attractive and secure way for customers to invest in FDs, with the added convenience of online on-boarding and UPI funding. The product’s competitive interest rates and flexible terms make it accessible to a wider audience, providing a higher return on investment. With its 24/7 availability and DICGC insurance coverage, SIB Quick FD is an ideal option for customers looking to invest in FDs.