South Indian Bank Limited (SIB) Overview
South Indian Bank Limited (SIB) is a private sector bank headquartered in Thrissur, Kerala (India). It was established in 1929 and has now become one of the leading banks in South India.
The Bank has a pan-India presence with a network of over 800 branches and approximately 1,200 ATMs across 28 states and 4 union territories.
SIB offers a wide range of banking and financial services to its customers including personal banking, corporate banking, NRI banking, MSME banking and treasury operations.
The bank’s personal banking products and services include ProductsCredit cards, Mutual Fund Trading, Demat account, Consumer banking, Corporate banking, Finance and Insurance,
Includes Mortgage loans, Private banking, Wealth management, Investment banking. The Bank’s corporate banking services include Working Capital Finance, Term Loan, Trade Finance and Cash Management services.
The bank has a strong focus on digital banking and offers its customers a wide range of digital products and services including internet banking, mobile banking, UPI payments and e-wallets.
SIB has also launched its mobile wallet, SIB mirror plus, which allows customers to make digital payments, transfer money and recharge their mobile phones.
SIBs have a strong presence in the NRI market and provide a range of services to NRIs including NRI savings accounts, NRI fixed deposits, remittances and foreign currency loans. The Bank also has representative offices in Dubai and Abu Dhabi to cater to the needs of NRIs in the UAE.
SIB has a strong focus on financial inclusion and has launched several initiatives for inclusion among the underprivileged sections of the society along with increasing financial literacy.
The bank has also partnered with various NGOs to offer financial literacy programs and launched a mobile ATM service to reach remote and underbanked areas.
With this, SIB has become the first bank in Kerala to implement the corporate core banking system. SIB has also been awarded many awards and honors for its performance and services.
The bank was awarded the Best Bank in Kerala award by the State Forum of Bankers Club in 2020. It has also been recognized as the Best Bank for NRI Services in UAE by the World Banking and Finance Awards.
Talking about financial performance, SIB has registered a steady growth in its revenues and profits over the last few years. The company’s market currently is around Rs 3200 crore.
Finally, South Indian Bank Limited is a leading private sector bank in South India with a strong focus on digital banking and financial inclusion.
The Bank offers a wide range of banking and financial services to its customers and has a strong presence in the NRI market. With its strong financial performance and commitment to customer service, SIB is poised to continue its growth in the years to come. Is.
Business Model Of South Indian Bank
South Indian Bank Limited (SIB) is a private sector bank which works on a traditional banking model.
The business model of the bank provides its customers with banking and financial services including personal banking, corporate banking, NRI banking, MSME banking and treasury operations.
personal banking: SIB offers a range of personal banking products and services, including Savings Accounts, Current Accounts, Fixed Deposits,
Recurring Deposits, Personal Loans, Home Loans, Car Loans and Credit Cards are included. The main objective of the Bank is to meet the financial needs of its customers in all these areas and offers products and services keeping in mind individual requirements.
corporate banking: The Bank provides working capital finance, term loan, trade finance and cash management services and other corporate banking services to the customers. SIB caters to the financial needs of small, medium and large enterprises.
NRI Banking: SIB has a strong presence in the NRI market and offers a range of services to NRIs including NRI Savings Accounts, NRI Fixed Deposit, Remittance and foreign currency loans. To easily deliver these services to the customers, there are representative offices in Dubai and Abu Dhabi.
MSME Banking: SIB gives special focus to MSME Banking and provides a wide range of services to all types of enterprises – small, large and medium. The company has a dedicated team to deliver these services
Treasury Department: SIB’s treasury department is an important part of its business model. The treasury department of the bank provides services related to the management of its Investments, Foreign Exchange Operations and other treasury related functions.
The bank has a well organized team to handle its treasury operations and ensure the best returns on investment.
Digital Banking: SIB like other banks it also has special focus on digital banking and it also provides services related to digital products to its customers.
The bank has invested significantly in providing its digital services and offers the facilities of Internet Banking, Mobile Banking, UPI Payments & E-Wallets.
SIB has also launched its mobile wallet, SIB Mirror+, which allows customers to make digital payments, transfer money and recharge their mobile phones.
Financial Inclusion: A strong network has been established for financial inclusion of SIB. Along with this, the company has also organized many types of literacy programs to increase financial literacy.
Along with this, the company has also started a mobile ATM service to reach out-of-the-way areas and under-banked areas.
The business model of South Indian Bank Limited is focused on offering a wide range of banking and financial services to its customers.
Performance Of South Indian Bank
South Indian Bank (SIB) has been consistently performing well in the banking sector in the last few years. The financial performance of the bank has been very good. The bank has performed well even during the Covid-19 pandemic.
Financial performance: In the financial year 2022, SIB has performed very well. This year’s net profit of the bank has been quite good. Talking about the market cap of this bank, it is a small cap company whose market cap is around Rs 3,300 crore. |
Digital Banking: South Indian Bank is investing significantly in pursuing digital banking to improve customer convenience and enhance operational efficiency.
The bank has launched several digital products and services including internet banking, mobile banking, e-wallet and UPI. The Bank has enhanced its services through digital channels keeping in mind the growing preference for digital banking among customers.
Branch Network Expansion: SIB is expanding its branch network to increase its presence in new markets and as per the capacity of the markets.
The bank serves Indians as well as especially NRIs and is also strengthening its presence in the digital space by launching new digital products and services.
Risk Management: SIB has put in place a strong risk management team and policy to manage credit, market, liquidity and operational risks.
The risk management policies and procedures of the Bank are in line with the guidelines of the Reserve Bank of India (RBI).
Corporate Social Responsibility: SIB has not shied away from corporate social responsibility and has always made various efforts to promote development and social welfare.
And has consistently done different things for education, health care and environment. South Indian South has also started its own CSR initiatives,
It also includes the SIB Green Initiative, which promotes environmental sustainability, and the SIB Sparsh programme, which provides support to children with special needs.
The Bank has been honored with many awards and accolades for its good work and is continuously moving forward with its expansion.
Overall, South Indian Bank has demonstrated strong financial performance, resilience in the face of challenges and commitment to customer service and corporate social responsibility.
The bank is completely dedicated to everything from digital marketing to environment and social security, that is why the bank has been working as a reliable bank for so many years.
Fundamental analysis of South Indian Bank
Fundamental analysis is used to determine the intrinsic value of any company and to know the financial and economic principles. Let us have a look at the fundamental analysis of South Indian Bank here:-
Financial analysis: Financial statements of SIB show that the bank has been performing well over the years. According to the information given by the company, the net profit in Q2 F23 was around Rs 223.10 crore which indicates a good profit.
capital adequacy: The capital adequacy ratio (CAR) of SIBs stood at about 15.85% as of March 31, 2022, which was well above the regulatory requirement. The Bank’s CAR has consistently been above the regulatory requirement over the past few years, indicating that the Bank has adequate capital to withstand potential losses.
Management: SIB has a capable management team that has been able to handle the bank in challenging times. Although the recruitment work is going on in the management team of the bank, still the bank has some experienced teams which are sufficient to handle the bank.
Industry analysis: SIB operates in the highly competitive Indian banking industry, with almost the lead among public sector banks.
However, with the entry of new private sector banks and increasing preference for digital banking among customers, the banking industry in India has seen significant changes over the last few years.
SIB has been able to meet the challenges posed by these changes by investing heavily in digital initiatives and expanding its branch network. The bank’s focus on customer service and corporate social responsibility has also helped it become a strong brand in the banking industry.
Evaluation: South Indian Bank stock is currently trading at a price-to-earnings (P/E) ratio of around 4.73. The price-to-book (P/B) ratio of the bank is around 0.56, which is higher than the industry average. is approximately less than 1.28, thus the performance of the company is quite good.
Risk: Like any other company, SIBs may face multiple risks, including credit risk, market risk, operational risk and regulatory risk. The bank also faces a large amount of competition in the banking industry, which may affect its market share and profitability.
Overall, the fundamentals of the bank are mixed but the bank is continuously moving towards its growth and the company’s revenue also seems to be moving towards profit.
Share Holders Of South Indian Bank
| Shareholding Pattern - South Indian Bank Ltd. | ||
| Holder’s Name | No of Shares | % Share Holding |
| NoOfShares | 2092741018 | 100% |
| Promoters | 0 | 0% |
| ForeignInstitutions | 311575246 | 14.89% |
| NBanksMutualFunds | 0 | 0% |
| Others | 293001142 | 14% |
| GeneralPublic | 1344196703 | 64.23% |
| FinancialInstitutions | 143967927 | 6.88% |
Services Given By South Indian Bank
South Indian Bank (SIB) provides a variety of banking services to its customers. Let us know some of the services provided by the bank:-
Retail Banking: SIB offers a variety of Retail Banking services including Savings Accounts, Current Accounts, Fixed Deposits, Recurring Deposits and Loans. These savings accounts of the bank have attractive and good interest rates,
Come with free debit card and other benefits. The Bank’s current accounts are tailor-made to meet the needs of all types of small, large and medium businesses. The loan portfolio of the bank includes Personal Loan, Home Loan, Car Loan and Gold Loan.
Corporate Banking: SIB offers a range of Corporate Banking services including working capital finance, term loans, project finance, export finance, import finance and trade finance.
NRI Banking: SIB provides a variety of banking services to NRIs including Savings Accounts, Fixed Deposits and Remittance services.
The NRI savings accounts of the bank come with attractive interest rates, free debit card and other benefits due to which NRIs prefer to associate with this bank and the company’s n.r.i. That’s why good customers are on the list
Digital Banking: SIB also provides many types of digital banking services to its customers including Mobile Banking, Internet Banking and UPI payments.
In this way, the bank provides all types of digital banking facilities to its customers.
Money Management: SIB provides money management services to its customers including Mutual Funds, Insurance and Portfolio Management services.
Priority Banking: SIB provides Priority Banking facility to its high-net-worth customers. These services include personalized banking solutions, dedicated relationship managers and exclusive banking lounges.
GOVERNMENT SECTOR: SIB provides a variety of banking services to the government sector, including cash management services, tax collection and disbursement services.
Overall, SIB offers a range of banking services to its customers to meet the needs of private, businesses, NRIs and government sector.
South Indian Bank Share Price History
South Indian Bank (SIB) is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) in India. Let us know the share price history of the bank:-
The share price of SIB has been fluctuating over the last few decades. The share price reached its peak at Rs. 1000. The share price of the Bank on NSE can be seen trading at a share price of ₹ 25 in October 2010.
And then a steady decline began over the next few years. There were several factors leading to the decline, including rising bad loans,
Weak economic conditions and regulatory concerns were included. After which, after continuous ups and downs, in 2014, the share price is seen trading around ₹ 29.
After which, after going through ups and downs, the share price of the bank is seen trading around ₹ 32.50 in the beginning of 2018, one of the main reasons for this can be understood as strong earnings growth and positive investor sentiment.
After a sharp decline in 2018, SIB’s share price is on a recovery path. The bank improved its financial performance,
The company is moving forward with a focus on managing its bad debt and expanding its digital capabilities.
Bank share prices have been largely supported by positive investor sentiment and a bounce back in the broader banking sector.
SIB is seen doing well and is trading around ₹15 as it moves towards its recovery in 2023.
It is important to note that SIB’s share price is influenced by many factors.
In the end we can say that despite the ups and downs in the share price of SIB, it seems to be moving ahead through its development and services.
South Indian Bank Similar Stocks
| Name | Last Price | Market Cap. (Rs. cr.) | Net Interest Income | Net Profit | Total Assets |
| HDFC Bank | 1,666.65 | 929,947.83 | 127,753.11 | 36,961.33 | 2,068,535.05 |
| ICICI Bank | 901.30 | 629,392.25 | 86,374.55 | 23,339.49 | 1,411,297.74 |
| Kotak Mahindra | 1,895.15 | 376,482.27 | 27,038.82 | 8,572.69 | 429,428.40 |
| Axis Bank | 864.55 | 266,036.93 | 67,376.83 | 13,025.48 | 1,175,178.11 |
| IndusInd Bank | 1,124.35 | 87,237.78 | 30,822.44 | 4,611.12 | 401,974.57 |
| IDBI Bank | 51.70 | 55,589.92 | 18,295.29 | 2,439.27 | 301,419.37 |
| AU Small Financ | 688.65 | 45,915.40 | 5,921.73 | 1,129.83 | 69,077.80 |
| Yes Bank | 15.35 | 44,138.58 | 19,023.51 | 1,066.21 | 318,220.22 |
| IDFC First Bank | 55.15 | 36,498.94 | 17,172.68 | 145.49 | 190,181.61 |
| Bandhan Bank | 206.70 | 33,295.99 | 13,871.12 | 125.79 | 138,866.54 |
| Federal Bank | 131.35 | 27,794.29 | 13,660.76 | 1,889.82 | 220,946.29 |
| City Union Bank | 129.95 | 9,621.71 | 4,104.78 | 760.17 | 61,530.91 |
| RBL Bank | 154.35 | 9,254.33 | 8,175.79 | -74.74 | 106,208.59 |
| Equitas Bank | 70.75 | 7,861.54 | 3,459.67 | 280.73 | 26,951.90 |
| Karur Vysya | 97.65 | 7,832.05 | 5,587.67 | 673.27 | 80,043.72 |
| TMB | 404.20 | 6,400.57 | 3,833.86 | 821.91 | 52,858.48 |
| JK Bank | 52.55 | 5,420.43 | 8,013.48 | 501.56 | 130,602.41 |
| Ujjivan Small | 26.65 | 5,209.29 | 2,812.81 | -414.58 | 23,604.46 |
| CSB Bank | 285.60 | 4,954.76 | 2,038.31 | 458.49 | 25,356.27 |
| Karnataka Bank | 130.60 | 4,073.97 | 6,221.66 | 508.62 | 92,040.56 |
| South Ind Bk | 15.85 | 3,316.99 | 6,586.54 | 44.98 | 100,052.43 |
| DCB Bank | 102.40 | 3,189.78 | 3,512.77 | 287.50 | 44,840.13 |
| Suryoday Small | 99.70 | 1,058.40 | 941.82 | -93.03 | 8,180.18 |
| Dhanlaxmi Bank | 16.65 | 421.27 | 916.64 | 35.90 | 13,795.76 |
| Lakshmi Vilas | 7.65 | 257.59 | 2,206.69 | -836.04 | 24,421.51 |
| StanChart PLC | 36.35 | 63.45 | – | – | 175,938.11 |
The History Of South Indian Bank
South Indian Bank (SIB) was established in the year 1929 in Thrissur, Kerala, India. The bank was founded by a group of entrepreneurial individuals from the area with the aim of providing easy banking services to the local people.
During the early years of its operations, SIB focused on providing banking services to the local farming community. The founders of the bank believed that
That there is more potential for growth and development in this area, they should utilize it.
In the 1960s and 1970s, SIB underwent a major transformation, as the bank’s management and operations were modernized.
The bank adopted new techniques and systems and expanded its product and service offerings to better serve its customers.
The bank has also established a network of branches and ATMs across the country to make its services more accessible to customers.
In the 1990s and 2000s, SIB continued to grow and expand as the opening up of the Indian economy led to more competition in the banking sector. The bank introduced new products and services such as internet banking and mobile banking to meet the changing needs of customers. Has also started.
In recent years, SIB has paid special attention to strengthening its core business and improving its financial performance and has also invested heavily in digital platforms.
In 2019, SIB celebrated its 90th anniversary, a major milestone in the bank’s history. The Bank has grown from a small regional bank to a national institution,
Whose presence is in the entire country. Today, SIB has over 800 branches and ATMs in India, and serves millions of customers across various sectors.
SIB has received many honors and awards for its performance and contribution to the banking sector.
SIB has been given many honors for being a leader in environmental as well as social responsibilities.
Overall, South Indian Bank has a rich and diverse history of more than 90 years. The Bank adapts itself from time to time as per the needs and times of its customers which is why the Bank is moving towards its growth.
Net Worth Of South Indian Bank
Market capitalization South Indian Bank stock is Rs 3,316.99 Cr.
Income Statement Analysis Of South Indian Bank
| Financial Year | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,383.52 | 5,783.29 | 6,074.62 | 6,562.64 | 7,030.05 | 7,602.73 | 8,809.55 | 8,490.92 | 7,620.44 | 7,566.34 |
EBITDA | 773.51 | 466.80 | 576.69 | 665.59 | 563.61 | 450.14 | 227.26 | 169.30 | -8.13 | 796.61 |
| PBIT | 728.90 | 467.91 | 509.66 | 600.21 | 499.88 | 380.50 | 149.56 | 86.65 | -92.15 | 796.61 |
| PBT | 728.90 | 467.91 | 509.66 | 600.21 | 499.88 | 380.50 | 149.56 | 86.65 | -92.15 | 796.61 |
| Net Income | 507.49 | 307.20 | 333.26 | 392.49 | 334.88 | 247.53 | 104.60 | 61.90 | 44.82 | 713.83 |
| EPS | 3.42 | 2.06 | 2.23 | 2.38 | 1.85 | 1.37 | 0.58 | 0.32 | 0.21 | 3.41 |
| DPS | 0.72 | 0.54 | 0.45 | 0.40 | 0.40 | 0.25 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.21 | 0.26 | 0.20 | 0.17 | 0.22 | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 |
Valuation Of South Indian Bank(You Can Click On Chart For live)
Vision & Value South Indian Bank
SIB is committed to delivering value to its customers, shareholders and employees as well as the community at large. The vision of the Bank is to become a leading player in the Indian banking sector by providing innovative and customer centric financial settlement.
For which SIB is continuously making efforts, keeping in mind its Integrity, Transparency, Innovation and Social Responsibilities,
It is continuously growing with focus on various areas ranging from providing cutting-edge solutions to providing better customer service and providing digital platforms to meet the emerging needs.
Competitor Comparision Of South Indian Bank
| COMPANY | PRICE | P/E | P/B | MKT. CAP | 52W L | 52W H |
|---|---|---|---|---|---|---|
| HDFC Bank | ₹1,666.65(-1.52%) | 21.56 | 3.79 | ₹9,41,115.20Cr | 1,271.60 | 1,702.40 |
| ICICI Bank | ₹901.30(+0.26%) | 19.99 | 3.43 | ₹6,27,786.10Cr | 669.95 | 958.20 |
| SBI | ₹544.00(+2.07%) | 10.10 | 1.56 | ₹4,75,637.20Cr | 430.70 | 629.55 |
| Kotak Mahindra Bank | ₹1,895.15(+1.37%) | 26.05 | 3.82 | ₹3,71,905.80Cr | 1,631.00 | 1,997.55 |
| Axis Bank | ₹864.55(+0.02%) | 12.95 | 2.24 | ₹2,65,975.40Cr | 618.25 | 970.00 |
| Bank of Baroda | ₹176.35(+2.89%) | 7.58 | 0.96 | ₹88,637.15Cr | 89.85 | 197.20 |
| IndusInd Bank | ₹1,124.35(+1.36%) | 12.66 | 1.79 | ₹86,070.06Cr | 763.20 | 1,275.80 |
| IDBI Bank | ₹51.70(0.00%) | 17.25 | 1.31 | ₹55,589.92Cr | 30.50 | 62.00 |
| Canara Bank | ₹297.45(+2.13%) | 5.37 | 0.76 | ₹52,836.54Cr | 171.75 | 341.70 |
| PNB | ₹48.80(+2.20%) | 28.97 | 0.54 | ₹52,577.60Cr | 28.05 | 62.00 |
Speciality Of South Indian Bank In Its Sector
South Indian Bank is a leading player in the Indian banking sector, with several characteristics that differentiate it from other banks including its strong regional presence, customer-centric approach, emphasis on technology,
Focus on SME and retail customers, strong risk management practice and commitment to CSR makes it the preferred bank for customers in South India.
SIB’s focus on innovation and continuous improvement assures that That the bank remains ahead of the curve, and continues to deliver value to its customers and stakeholders.
Balance Sheet Of South Indian Bank
| BALANCE SHEET OF SOUTH INDIAN BANK (in Rs. Cr.) | MAR 22 | MAR 21 | MAR 20 | MAR 19 | MAR 18 | |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | ||
| EQUITIES AND LIABILITIES | ||||||
| SHAREHOLDER’S FUNDS | ||||||
| Equity Share Capital | 209.27 | 209.27 | 180.97 | 180.97 | 180.88 | |
| TOTAL SHARE CAPITAL | 209.27 | 209.27 | 180.97 | 180.97 | 180.88 | |
| Revaluation Reserve | 0.00 | 316.99 | 321.09 | 238.59 | 240.32 | |
| Reserves and Surplus | 5,643.86 | 5,280.90 | 4,972.73 | 4,915.77 | 4,820.02 | |
| Total Reserves and Surplus | 5,643.86 | 5,597.89 | 5,293.83 | 5,154.36 | 5,060.34 | |
| TOTAL SHAREHOLDERS FUNDS | 5,854.42 | 5,809.24 | 5,477.35 | 5,337.07 | 5,243.17 | |
| Deposits | 89,142.11 | 82,710.55 | 83,033.89 | 80,420.12 | 72,029.59 | |
| Borrowings | 3,294.49 | 4,108.27 | 6,893.23 | 4,903.20 | 4,043.38 | |
| Other Liabilities and Provisions | 1,761.40 | 1,521.11 | 1,628.43 | 1,618.82 | 1,369.73 | |
| TOTAL CAPITAL AND LIABILITIES | 100,052.42 | 94,149.17 | 97,032.90 | 92,279.22 | 82,685.87 | |
| ASSETS | ||||||
| Cash and Balances with Reserve Bank of India | 3,676.61 | 3,304.71 | 2,805.98 | 3,661.82 | 3,258.24 | |
| Balances with Banks Money at Call and Short Notice | 7,526.82 | 5,463.17 | 1,383.78 | 1,160.94 | 962.81 | |
| Investments | 21,445.01 | 20,321.08 | 20,625.27 | 19,081.38 | 18,363.08 | |
| Advances | 59,993.39 | 58,056.48 | 64,439.47 | 62,693.74 | 54,562.89 | |
| Fixed Assets | 811.05 | 795.17 | 800.04 | 708.66 | 680.78 | |
| Other Assets | 6,599.54 | 6,208.57 | 6,978.35 | 4,972.68 | 4,858.08 | |
| TOTAL ASSETS | 100,052.42 | 94,149.17 | 97,032.90 | 92,279.22 | 82,685.87 | |
| OTHER ADDITIONAL INFORMATION | ||||||
| Number of Branches | 935.00 | 935.00 | 935.00 | 870.00 | 854.00 | |
| Number of Employees | 9,219.00 | 8,314.00 | 8,570.00 | 8,440.00 | 7,946.00 | |
| Capital Adequacy Ratios (%) | 15.86 | 15.42 | 13.41 | 12.61 | 12.70 | |
| KEY PERFORMANCE INDICATORS | ||||||
| Tier 1 (%) | 13.22 | 12.79 | 10.79 | 9.97 | 10.41 | |
| Tier 2 (%) | 2.64 | 2.63 | 2.62 | 2.64 | 2.28 | |
| ASSETS QUALITY | ||||||
| Gross NPA | 3,648.09 | 4,143.24 | 3,261.77 | 3,131.66 | 1,980.30 | |
| Gross NPA (%) | 6.00 | 7.00 | 5.00 | 5.00 | 4.00 | |
| Net NPA | 1,777.77 | 2,734.52 | 2,150.78 | 2,163.62 | 1,415.80 | |
| Net NPA (%) | 2.97 | 4.71 | 3.34 | 3.45 | 2.60 | |
| Net NPA To Advances (%) | 3.00 | 5.00 | 3.00 | 3.00 | 3.00 | |
| CONTINGENT LIABILITIES, COMMITMENTS | ||||||
| Bills for Collection | 1,752.96 | 1,758.19 | 1,780.09 | 1,436.09 | 1,192.87 | |
| Contingent Liabilities | 33,764.70 | 10,875.13 | 10,752.76 | 9,669.37 | 0.00 |
Annual Reports Of South Indian Bank
South Indian Bank Share Price Today Live Chart
South Indian Bank Business Analysis
South Indian Bank Financial Strength
Talking about the strengths of South Indian Bank, South Indian Bank is financially strong and stable with a healthy balance sheet, strong capital adequacy and a diversified loan portfolio.
Despite the challenging economic environment, the Bank has maintained a strong asset quality, healthy profitability and improved operating efficiency. SIB’s increasing deposits,
Strong liquidity position and focus on building strong customer relationships can be considered indicators of its strong financial position.
The Bank’s strong fundamentals and focus on innovation and continuous improvement make it a preferred bank for customers and stakeholders.
South Indian Bank Share Price Target 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030,2040
We here at financesharetargets. in is going to give you approximate information about stock predictions, price predictions and targets for 2022, 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030 and 2040.
Please keep one thing in mind that this forecast, prediction or any target is only a suggestion given by our analysis.
It is almost impossible for any forecast/prediction to be correct. Errors are always present in any analysis, but we try our best to give you good price stock forecasts/predictions.
If we look at the share price returns of South Indian Bank on NSE in the last 6 months, it has given a return of about 61.31% to its investors in the last 6 months from the present.
The company is seeing a continuous increase in its share price from the beginning of April 2023 till the third week of the month.
Due to which it is being estimated that the share price of the bank may increase further due to which the first target for South Indian Bank Share Price Target can be achieved at ₹ 20 and the second target at ₹ 40.
South Indian Bank Share Price Target 2024
South Indian Bank is about 94 years old bank. And despite the many ups and downs it has gone through over the years, the bank has been continuously moving towards expansion through its new services and through its large network.
And today this bank has become one of the leading private sector banks and it also gives competition to many private sector banks, with all this the bank is continuously moving forward.
And if we talk about the share price of the company, till now it has been seen trading around its good share price and the way the company is expanding its network.
In such a situation, as the bank develops further in the coming time, its share price will increase and better returns can be expected.
In view of this, according to our analysis, the first target for South Indian Bank Share Price Target 2024 can be at ₹50 and the second target can be at ₹70.
South Indian Bank Share Price Target 2025
South Indian Bank provides different types of services to its customers like personal banking, corporate banking etc.
And the bank has also included different types of products in its portfolio. The Bank has a diverse portfolio of products and services. The Bank is continuously moving forward in this field through its efforts.
And is continuously striving for its development due to which the company has also received good profits in the last few years.
In such a situation, its share price can also be expected to increase with the development of the bank in the coming time, due to which the first target can be at ₹ 80 and the second target at ₹ 100 by 2025.
South Indian Bank Share Price Target 2026
The biggest feature of South Indian Bank is that it has a good presence in the NRI market as well. The bank provides almost all types of NRI services starting from NRI savings accounts.
To provide these services to the customers easily and in time, the company has established representative offices in Dubai and Abu Dhabi, through which the bank extends its facilities to NRIs.
In this way, the Bank is continuously developing in this field and the Bank is continuously connecting with more and more people through these services.
In such a situation, the bank can be expected to expand further in the coming time, considering that according to our analysis, the first target for South Indian Bank Share Price Target 2026 can be at ₹ 110 and the second target can be at ₹ 130.
South Indian Bank Share Price Target 2027
South Indian Bank is also connecting with customers through digital banking. Through this, the bank is investing heavily in improving customer convenience and modernizing its operational efficiency. The bank is making internet as per the modern needs.
Banking Mobile offers many digital products and services including banking e-wallet and UPI, thus the Bank tries to keep itself in line with the times.
This mainly helps the bank in providing timely service to the customers. In this way, the bank continuously tries to connect with more and more customers. This can be understood as the specialty of the bank.
This is also one of the reasons that the bank seems to be continuously moving towards development, hence in the coming time, as the bank develops, its share price will increase and better returns can be expected.
Considering this, according to our analysis, the first target for South Indian Bank Share Price Target 2027 can be achieved at ₹ 140 and the second target can be achieved at ₹ 160.
South Indian Bank Share Price Target 2028
This bank is continuously striving to increase its presence in new markets and expand its branch network as per the capacity of the markets. This bank provides services to Indians as well as NRIs.
In this way, the bank is continuously engaged in developing its services and its branches, due to which the bank can be expected to develop further in the coming time. Along with this, the first target for South Indian Bank Share Price Target 2028 is ₹ 170. And the second target can be at ₹190.
South Indian Bank Share Price Target 2029
South Indian Bank also provides treasury related services. The Bank Category Department provides a well-organized team to ensure good returns to its investors. The Bank provides services related to management of various treasury related functions.
In this way, the bank is also doing good work in this department and is moving towards its development, due to which in the coming time, the company will earn more profits and its share price will increase and better returns can be expected.
Considering this, according to our analysis, the first target for South Indian Bank Share Price Target 2029 can be at ₹ 200 and the second target can be at ₹ 220.
South Indian Bank Share Price Target 2030
South Indian Bank has more than 930 branches, about 4 service branches, and about 18 regional offices located across India. Along with this, the bank has more than 1200 ATMs and more than 100 cash deposit machines available.
In this way, a good network of the bank is present all over India, this shows the expansion of the bank and the way the bank is continuously moving forward focusing on its development.
In such a situation, with the development of the bank in the coming time, its share price can be expected to increase and better returns, seeing this, according to our analysis, the first target for South Indian Bank Share Price Target 2030 is ₹ 230 and the second target is ₹ 250. But it can happen.
South Indian Bank Share Price Target 2040
The way the bank is providing its services to the people through its large network and its products, it is also trying to develop its network further by paying attention to innovation as per the times.
With this, the bank can be expected to develop in the coming times. Due to which, in the coming time, the share price of the company can be expected to increase and better returns can also be expected.
In view of this, according to our analysis, the first target for South Indian Bank Share Price Target 2040 can be at ₹ 480 and the second target at ₹ 500.
Cash Flow Statement Of South Indian Bank
| CASH FLOW OF SOUTH INDIAN BANK (in Rs. Cr.) | MAR 22 | MAR 21 | MAR 20 | MAR 19 | MAR 18 | |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | ||
| NET PROFIT/LOSS BEFORE EXTRAORDINARY ITEMS AND TAX | 44.98 | 61.91 | 104.59 | 247.53 | 334.89 | |
| Net CashFlow From Operating Activities | 4,351.54 | 5,808.41 | 656.00 | 1,677.92 | 792.86 | |
| Net Cash Used In Investing Activities | -1,740.58 | -1,092.20 | -1,577.49 | -1,174.53 | -823.77 | |
| Net Cash Used From Financing Activities | -175.41 | -138.09 | 288.50 | 98.31 | 364.25 | |
| Foreign Exchange Gains / Losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| NET INC/DEC IN CASH AND CASH EQUIVALENTS | 2,435.55 | 4,578.12 | -632.99 | 601.71 | 333.33 | |
| Cash And Cash Equivalents Begin of Year | 8,767.88 | 4,189.76 | 4,822.75 | 4,221.05 | 3,887.72 | |
| Cash And Cash Equivalents End Of Year | 11,203.43 | 8,767.88 | 4,189.76 | 4,822.75 | 4,221.05 |
Profit & Loss Of South Indian Bank
| PROFIT & LOSS ACCOUNT OF SOUTH INDIAN BANK (in Rs. Cr.) | MAR 22 | MAR 21 | MAR 20 | MAR 19 | MAR 18 | |
| 12 mths | 12 mths | 12 mths | 12 mths | 12 mths | ||
| INCOME | ||||||
| Interest / Discount on Advances / Bills | 5,069.34 | 5,767.63 | 6,159.17 | 5,396.44 | 4,769.18 | |
| Income from Investments | 1,039.81 | 1,309.00 | 1,391.06 | 1,286.14 | 1,269.50 | |
| Interest on Balance with RBI and Other Inter-Bank funds | 333.73 | 47.85 | 39.97 | 35.52 | 19.07 | |
| Others | 143.66 | 180.97 | 173.60 | 158.42 | 135.06 | |
| TOTAL INTEREST EARNED | 6,586.54 | 7,305.44 | 7,763.80 | 6,876.52 | 6,192.81 | |
| Other Income | 1,034.10 | 1,185.48 | 1,045.75 | 726.21 | 837.24 | |
| TOTAL INCOME | 7,620.64 | 8,490.92 | 8,809.55 | 7,602.74 | 7,030.06 | |
| EXPENDITURE | ||||||
| Interest Expended | 4,346.78 | 4,898.54 | 5,446.30 | 4,856.82 | 4,227.29 | |
| Payments to and Provisions for Employees | 1,197.89 | 1,228.36 | 941.35 | 821.43 | 713.22 | |
| Depreciation | 84.02 | 82.65 | 77.70 | 69.64 | 63.73 | |
| Operating Expenses (excludes Employee Cost & Depreciation) | 744.38 | 663.46 | 698.56 | 615.87 | 545.03 | |
| TOTAL OPERATING EXPENSES | 2,026.29 | 1,974.47 | 1,717.61 | 1,506.93 | 1,321.98 | |
| Provision Towards Income Tax | 5.95 | 66.66 | 86.14 | 139.35 | 142.28 | |
| Provision Towards Deferred Tax | -131.02 | -41.91 | -41.18 | -6.38 | 22.72 | |
| Other Provisions and Contingencies | 1,327.66 | 1,531.25 | 1,496.09 | 858.48 | 0.00 | |
| TOTAL PROVISIONS AND CONTINGENCIES | 1,202.59 | 1,556.00 | 1,541.05 | 991.45 | 1,145.90 | |
| TOTAL EXPENDITURE | 7,575.66 | 8,429.01 | 8,704.96 | 7,355.20 | 6,695.16 | |
| NET PROFIT / LOSS FOR THE YEAR | 44.98 | 61.91 | 104.59 | 247.53 | 334.89 | |
| NET PROFIT / LOSS AFTER EI & PRIOR YEAR ITEMS | 44.98 | 61.91 | 104.59 | 247.53 | 334.89 | |
| Profit / Loss Brought Forward | 4.63 | 125.95 | 276.73 | 354.03 | 355.66 | |
| TOTAL PROFIT / LOSS AVAILABLE FOR APPROPRIATIONS | 49.61 | 187.86 | 381.32 | 601.57 | 690.55 | |
| APPROPRIATIONS | ||||||
| Transfer To / From Statutory Reserve | 11.25 | 15.48 | 26.15 | 61.89 | 83.73 | |
| Transfer To / From Capital Reserve | 76.23 | 167.76 | 174.68 | 36.37 | 29.88 | |
| Transfer To / From Revenue And Other Reserves | 0.00 | 0.00 | 0.00 | 47.17 | 50.00 | |
| Dividend and Dividend Tax for The Previous Year | 0.00 | 0.00 | 54.54 | 0.00 | 86.36 | |
| Equity Share Dividend | 0.00 | 0.00 | 0.00 | 72.38 | 0.00 | |
| Tax On Dividend | 0.00 | 0.00 | 0.00 | 14.88 | 0.00 | |
| Balance Carried Over To Balance Sheet | -37.87 | 4.63 | 125.95 | 276.73 | 354.03 | |
| TOTAL APPROPRIATIONS | 49.61 | 187.86 | 381.32 | 601.57 | 690.55 | |
| OTHER INFORMATION | ||||||
| EARNINGS PER SHARE | ||||||
| Basic EPS (Rs.) | 0.21 | 0.34 | 0.58 | 1.37 | 1.86 | |
| Diluted EPS (Rs.) | 0.21 | 0.34 | 0.58 | 1.37 | 1.85 | |
| DIVIDEND PERCENTAGE | ||||||
| Equity Dividend Rate (%) | 0.00 | 0.00 | 0.00 | 25.00 | 40.00 |
Financial Results Of South Indian Bank
Quarterly Results Of South Indian Bank
| QUARTERLY RESULTS OF SOUTH INDIAN BANK (in Rs. Cr.) | DEC ’22 | SEP ’22 | JUN ’22 | MAR ’22 | DEC ’21 | |
| INTEREST EARNED | ||||||
| (a) Int. /Disc. on Adv/Bills | 1,501.10 | 1,364.61 | 1,257.13 | 1,254.40 | 1,265.47 | |
| (b) Income on Investment | 332.84 | 314.29 | 294.42 | 273.46 | 262.62 | |
| (c) Int. on balances With RBI | 40.80 | 31.77 | 40.50 | 75.55 | 108.54 | |
| others | 23.53 | 29.47 | 29.76 | 32.02 | 34.50 | |
| Other Income | -34.18 | 255.10 | 246.34 | 203.95 | 221.98 | |
| EXPENDITURE | ||||||
| Interest Expended | 1,073.12 | 1,013.77 | 1,018.43 | 1,037.69 | 1,098.26 | |
| Employees Cost | 335.65 | 328.21 | 307.26 | 284.04 | 314.27 | |
| Other Expenses | 252.08 | 227.54 | 225.64 | 229.71 | 200.63 | |
| Depreciation | — | — | — | — | — | |
| Operating Profit before Provisions and contingencies | 203.24 | 425.72 | 316.82 | 287.94 | 279.95 | |
| Provisions And Contingencies | 41.43 | 179.29 | 139.41 | 77.71 | 346.37 | |
| Exceptional Items | — | — | — | — | — | |
| P/L Before Tax | 161.81 | 246.43 | 177.41 | 210.23 | -66.42 | |
| Tax | 59.06 | 23.33 | 62.06 | -61.81 | -16.11 | |
| P/L After Tax from Ordinary Activities | 102.75 | 223.10 | 115.35 | 272.04 | -50.31 | |
| Prior Year Adjustments | — | — | — | — | — | |
| Extra Ordinary Items | — | — | — | — | — | |
| Net Profit/(Loss) For the Period | 102.75 | 223.10 | 115.35 | 272.04 | -50.31 | |
| Equity Share Capital | 209.27 | 209.27 | 209.27 | 209.27 | 209.27 | |
| Reserves Excluding Revaluation Reserves | — | — | — | — | — | |
| Equity Dividend Rate (%) | — | — | — | — | — | |
| ANALYTICAL RATIOS | ||||||
| a) % of Share by Govt. | — | — | — | — | — | |
| b) Capital Adequacy Ratio – Basel -I | — | — | — | — | — | |
| c) Capital Adequacy Ratio – Basel -II | — | — | — | — | — | |
| EPS BEFORE EXTRA ORDINARY | ||||||
| Basic EPS | 0.49 | 1.07 | 0.55 | 1.30 | -0.24 | |
| Diluted EPS | 0.49 | 1.07 | 0.55 | 1.30 | -0.24 | |
| EPS AFTER EXTRA ORDINARY | ||||||
| Basic EPS. | 0.49 | 1.07 | 0.55 | 1.30 | -0.24 | |
| Diluted EPS. | 0.49 | 1.07 | 0.55 | 1.30 | -0.24 | |
| NPA RATIOS : | ||||||
| i) Gross NPA | 3,843.57 | 3,856.13 | 3,798.64 | 3,648.09 | 3,883.01 | |
| ii) Net NPA | 1,529.90 | 1,647.13 | 1,800.54 | 1,777.77 | 2,018.75 | |
| i) % of Gross NPA | 5.48 | 5.67 | 5.87 | 5.90 | 6.56 | |
| ii) % of Net NPA | 2.26 | 2.51 | 2.87 | 2.97 | 3.52 | |
| Return on Assets % | 0.38 | 0.85 | 0.46 | 1.10 | -0.20 | |
| PUBLIC SHARE HOLDING | ||||||
| No Of Shares (Crores) | — | — | — | — | — | |
| Share Holding (%) | — | — | — | — | — | |
| PROMOTERS AND PROMOTER GROUP SHAREHOLDING | ||||||
| A) PLEDGED/ENCUMBERED | ||||||
| – Number of shares (Crores) | — | — | — | — | — | |
| – Per. of shares (as a % of the total sh. of prom. and promoter group) | — | — | — | — | — | |
| – Per. of shares (as a % of the total Share Cap. of the company) | — | — | — | — | — | |
| B) NON-ENCUMBERED | ||||||
| – Number of shares (Crores). | — | — | — | — | — | |
| – Per. of shares (as a % of the total sh. of prom. and promoter group). | — | — | — | — | — | |
| – Per. of shares (as a % of the total Share Cap. of the company). | — | — | — | — | — | |
| yrc | 202212 | 202209 | 202206 | 202203 | 202112 |
Pe Ratio & Book Ratio Of South Indian Bank
| P/E Ratio | 4.6 |
| PEG Ratio | 0 |
| Market Cap Cr | 3,317 |
| Price to Book Ratio | 0.6 |
| EPS | 0.2 |
| Dividend | 0 |
| Relative Strength Index | 45.07 |
| Money Flow Index | 48.29 |
| MACD Signal | -0.53 |
| Average True Range | 0.69 |
Company Latest Infra Share News Study
You can easily find the latest infrastructure stock news by searching online news websites or financial news outlets.
Some popular choices include Reuters, Bloomberg, CNBC, and Economic Times.
You may also consider setting up alerts or notifications for news related to South Indian Bank or the infrastructure industry, so you can stay updated on the latest developments.
About Investing In South Indian Bank
Before you invest in the shares of South Indian Bank or any other company, there is a method of the company,
Investigating and analyzing trends in the industry is essential for any investment. In-depth research and thinking is necessary. We tell you some points.
By reading which you can ensure your investment:-
Evaluating the company’s financial performance, growth potential and industry trends.
Assessing the company’s management teams and its track record.
Evaluating the competitive position of the company, its financial strengths, weaknesses and looking into the future.
Viewing the company’s valuation and financial metrics that fall short of the company’s value.
If you want to reduce the risk of investment. So you can also go to different companies and by looking at them you can ensure investment.
Current Status Of Company
Let us tell you the current status that the growth of this company has gone down which is worrying, you can see it through the live chart provided by us.
Link – LIVE CHART
How To Buy Share
To buy shares of South Indian Bank or any other company, you have to follow these steps:
Open a Demat Account: A demat account is a type of account where your purchased shares are stored electronically. You can open a Demat account with a bank, financial institution or brokerage firm.
Fund your account: After opening a demat account, you need to deposit money into it to buy shares. You can transfer money to your demat account through net banking or by visiting your bank branch.
Choose a Broker: To buy shares, you need to choose a broker who can execute your trades. You can select a broker based on their reputation, commission fees and other services they provide.
Placing Orders: After choosing a broker, you can place orders to buy shares of Shilpa Medicare Limited through their online trading platform or by calling their customer care.
Keep an eye on your investments: After buying shares, it is important to monitor your investments regularly to stay updated with the company’s performance and market trends.
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4.Angel Broking
- ICICI Direct
Expert Opinion On South Indian Bank
Our suggestion On South Indian Bank
South Indian Bank is trying to promote all its products domestically and internationally.
Due to which the expansion of this company can be estimated in the near future due to which its shares can be expected to increase. In such a situation, if you are an experienced investor.
So you can decide for yourself whether you should invest in this company or not and if you are an investor.
So you must take information related to investment from the company and you can also visit the company’s website to get its basic information and also you must take advice from your financial advisor.
According to us, investors are investing in this company, who are getting proper benefits from this company.
Conclusion
In the end we want to tell you that South Indian Bank is an Indian company.
Like every company, this is also a company which has its own risks and its own challenges. You should decide to invest only after seeing these and thinking for yourself so that you can get the best profit.
This company takes decisions keeping in mind both good diligence and caution for its customers.
Is company a good stock to buy ?
I can provide information about the company’s financials, operations and other relevant factors that can help investors make informed decisions.
Ultimately, it is important to do your own research, assess your risk tolerance and investment goals, and consult a financial advisor before making any investment decisions.
FAQ
Below are some common questions that people ask about South Indian Bank (SIB).
What does South Indian Bank (SIB) mean?
SIB is a bank based in Thrissur, Kerala, India which is not run by the government. This bank started in 1929 and is much older than other banks in India.
What does South Indian Bank offer?
SIB offers its customers savings and current accounts, fixed deposits, loans, credit cards, debit cards, internet banking,
Provides various banking and money related support like mobile banking and wealth management services.
How do I create a South Indian Bank account?
You can visit any SIB branch to open a bank account. To open an account, you will need to provide documents that show.
About who you are and where you live, like your ID and a bill with your address on it. This is called KYC (Know Your Customer).
What percentage does South Indian Bank pay for keeping money in its bank or charges for borrowing money from them?
SIB offers different interest rates for deposits and loans. It depends on what kind of product you keep the money on and for how long you keep the money.
You can find out how much money the bank will give you to keep your money by visiting their website or visiting their office.
Can you use South Indian Bank online to do banking stuff?
SIB allows its customers to do banking online and on their phones. You can use these services to see how much money you have,
You can move money to another account, pay for things, and do other things.
What is the phone number for South Indian Bank customer service?
SIB’s customer care phone number is 1800-425-1809. Call this number for help with questions and problems about your banking.
Is South Indian Bank in other countries?
SIB has offices in Abu Dhabi and Dubai, and also has a partnership in the Maldives called SIBL Maldives Pte. Ltd.
How can I get a loan from South Indian Bank?
You can ask to borrow money from SIB by visiting a bank location or applying on their website.
To get a loan, you have to provide papers that show who you are (like a passport or driving license) and how much money you make (like pay slips or tax returns).
How much money do you need to keep in your savings account in South Indian Bank?
Every savings account with SIB requires a different minimum balance depending on the type and location of the account.
You can find out how much money you need to keep in your account by visiting your bank or visiting their website.
Can I trust South Indian Bank for banking safely?
SIB is a safe bank with licenses and regulations to protect its customers’ money and information.
The bank has taken measures to prevent people from doing bad things like lying or stealing.
How do I change my password for South Indian Bank Online Banking?
If you forget your Internet Banking password, visit SIB website and click “Forgot Password” on the login page to reset it.
Click on. To change your password, you must tell us your user ID and the phone number you provided to us.
What is the maximum amount I can withdraw from SIB ATM?
The maximum amount of money you can withdraw from a SIB ATM is decided by the bank. What kind of card do you have and where are you,
It may vary depending on this. You can find out how much you can withdraw from an ATM or ask the customer service of the bank.
Does South Indian Bank have credit cards?
SIB offers various types of credit cards to its customers such as Visa and MasterCard. You can get a credit card by visiting a bank or using the internet.
Can I open an account with South Indian Bank even if I am not living in India?
Yes, SIB provides banking services for NRIs and you can create an account in the bank if you are an NRI.
To create an account, you’ll need to show your ID, such as a passport, and proof of where you live.
Does South Indian Bank take money if we use its online or mobile banking services?
You do not need to pay anything to use SIB’s internet or mobile banking services.
You may have to pay to use data on your phone or the Internet.
How do I check how much money is in my South Indian Bank account?
To find out how much money is in your SIB account, use their internet or mobile banking tools.
You can check how much money you have in your account by visiting a bank or using a special machine called a SIB ATM.
If I lose my South Indian Bank credit card, how do I stop someone else from using it?
To stop someone from using your credit card, you can call the SIB customer care number or use the bank’s internet or mobile banking services.
If your card is lost or stolen, tell your bank quickly. This prevents anyone from using it to do bad things.
How can I change my phone number and address with South Indian Bank?
You can change your phone number and email address by visiting the bank, logging in to the bank’s website or using the bank’s mobile app.
Does South Indian Bank have any special scheme for old people?
SIB has benefits like better interest on savings and cheaper loans for older people. You can check the information about these schemes online on the bank’s website or by visiting any bank location.
What code does South Indian Bank use?
SWIFT code of SIB is SOININ55. (Already Simple) You may need this code to send money to your SIB account from other countries.
How do I start a savings account with South Indian Bank which cannot be used for a certain period? (FD account)
You can open an FD account with SIB by visiting the branch or using their internet or mobile banking services.
To open an FD account, you will need to provide your PAN card, address proof and additional KYC documents.
Can I transfer money from my South Indian Bank account to accounts in other banks?
You can send money from your SIB Bank account to other banks using NEFT, RTGS, or IMPS.
You can start transferring money using the bank’s website or phone app.
What is the rate of return on money earned on South Indian Bank Savings Account?
The amount you have in your savings account with SIB determines how much interest you will earn.
If you keep more money in your account, the bank will give you more money in return. This is called interest rate. You can find out about the interest rates by visiting the bank’s website or visiting any branch.
How can I get a loan from South Indian Bank?
You can ask for money from SIB by visiting the bank or using their internet or mobile services.
To take a loan, you have to provide information about how much money you get and other important things. The bank gives different types of loans, such as loans for people, for houses and for vehicles.
Can I share bank account with South Indian Bank?
You can open an account in association with SIB. To open your account, you will need to provide documentation proving your identity and how you wish to handle the account.
Does South Indian Bank sell insurance products?
SIB offers various types of insurance to its customers such as life insurance, health insurance and general insurance.
To know more about these items, visit the bank’s website or visit a branch.
Can I get a credit card from South Indian Bank by applying online?
You can get a SIB credit card by filling an application form on their website. this is easy!
To get a credit card, you’ll need to share information about yourself and how much money you make.
Do South Indian Bank employees get any extra goodies?
SIB gives its employees good things, like health insurance, retirement savings, and extra pay if they do a good job.
The bank helps its employees learn and become better at their jobs by giving them training and opportunities to learn more.
How can I say that I am not happy with South Indian Bank?
You can let SIB know if something goes wrong by calling, emailing or visiting a SIB branch.
The Bank has a special system to help customers with complaints and suggestions.
How to find a South Indian Bank branch or ATM near where I am?
If you want to find your nearest bank branch or ATM, you can use the “Branch/ATM Locator” on the bank’s website or their mobile banking app.
Can use the tool. If you need help finding a bank or ATM, you can call the bank’s customer care number.
Does South Indian Bank have any special offer for senior citizens?
SIB helps the elderly in a special way, they get more money on their savings, do not have to pay for chequebooks,
And some fees are charged. You can find out about these good things by visiting the bank’s website or visiting any branch.
How do I know how much money is in my account in South Indian Bank?
You can check how much money is in your SIB Bank account by using their website or app on your phone.
You can check how much money is in your account by visiting the bank branch or by making a missed call to the bank.
What is the minimum amount you should have in your savings account with South Indian Bank?
Depending on the location of the SIB branch, different types of savings accounts in SIB may have a different minimum balance requirement.
You can find out how much money you should have in your bank account by checking the bank’s website or visiting one of their branches.
Does South Indian Bank have any special benefits for its customers living outside India?
SIB helps NRI customers with special services like banking, home loans and deposit accounts. The bank helps its customers living abroad with a special desk. They get extra support and attention.
How do I sign up for Internet Banking with South Indian Bank?
To start using SIB Internet Banking, visit the bank’s website and select the “Internet Banking” option to sign up.
To complete sign up, you’ll need to provide your account information and follow the instructions.
What is the maximum amount I can borrow from South Indian Bank?
How much money you can borrow from SIB depends on various things such as how much you earn,
How good your credit is and what type of loan you want. If you want to know how big a sum of money you can borrow from a bank, you can check it on their website or go to a branch and ask.
Can I get my South Indian Bank statement from the internet?
You can get your SIB account details online by logging into your Internet Banking account and selecting “Account Details”.
If you want a paper copy of your account statement, you can ask for it by visiting a bank branch.
What should I do if I lose my debit card from South Indian Bank?
If you lose your SIB debit card or it is stolen, you can stop it from being used by calling the bank’s customer care number or using its mobile banking app.
You can visit the bank office to stop your debit card from working.
How much money can I withdraw from SIB ATM in a day?
The amount of money you can withdraw from a SIB ATM in a day depends on the type of card you have got and where the ATM is located.
You can find out how much money you can withdraw from the bank by visiting its website or calling its customer service.
Can you invest in South Indian Bank?
SIB gives its customers various ways to invest their money. These include mutual funds,
Things like fixed deposits and recurring deposits are included. You can check these things on the bank’s website or by visiting any bank location.
Can I create South Indian Bank account on the internet?
You can easily create a South Indian Bank account through their website by selecting “Apply Online”.
To open an account, you have to fill an application form and provide the required documents.
Does South Indian Bank have credit cards?
South Indian Bank provides credit cards to its customers. Banks have many types of credit cards, each of which has different things you can get.
Some of these things include points that you can use to get rewards, getting some cash back when you spend money,
And you can pay less money for food and the things you buy. You can find out about the bank’s credit cards by visiting their website or visiting their office.
What do I need to do to take a loan from South Indian Bank?
To borrow money from South Indian Bank, you can visit one of their offices or apply on their website.
To apply for a loan, you must have the correct papers and meet the rules.
How long does it take for South Indian Bank to approve a loan request?
How much time it takes for South Indian Bank to approve a loan depends on various things such as the type of loan it is,
How much money is being borrowed, and if the application includes everything required. Generally, it takes 3 to 7 days for the loan application to be approved.
Are there any insurance products available with South Indian Bank?
South Indian Bank offers various types of insurance to its customers, such as life insurance, medical insurance and regular insurance.
You can find out about these products on the bank’s website or by visiting any branch.
How can I contact South Indian Bank customer support?
You can contact South Indian Bank toll-free by calling 1800-425-1809. As an alternative,
You can email them at customercare@sib.co.in. You can visit a bank location or use their app to speak to customer service.
Which code does South Indian Bank use to send and receive money globally?
The code used by South Indian Bank for international money transfer is called SWIFT code and it is SOININ55. This is the code to send money to a bank in another country.
Can I trade online with South Indian Bank?
South Indian Bank allows its customers to trade online in association with Geojit Financial Services.
People can use the bank’s website to trade stocks, products and money.
Can I send money to another bank account using South Indian Bank’s phone app?
You can use the South Indian Bank mobile app to transfer your money to another bank account.
To complete the transfer, you’ll need to provide the recipient’s information and prove that it’s really you.
Does South Indian Bank give additional benefits to its employees?
South Indian Bank gives various perks to its employees like health insurance, retirement packages and awards based on their work performance.
The bank teaches its employees how to be better in their work by giving them training programs.
Note –
The stock forecast/price forecast/target given on our website is only for information and educational purpose for stock market participants/traders/investors.
The content we provide here should not be construed as any financial advice or any other type of advice to invest or trade. One should do their own research and analysis before acting on these comments for any stock as the information is only tentative.
Trading and investing involves high risk, please consult your financial advisor before taking any decision and no responsibility will be taken by Financesharetargets.in for any consequences that may arise from acting on these comments.
