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South Indian Bank

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The South Indian Bank Ltd.
Company typePublic
BSE: 532218
NSE: SOUTHBANK
IndustryBanking
Financial services
Founded1929; 96 years ago (1929)
HeadquartersThrissur, Kerala, India
Key people
  • V J Kurian
    (Chairman)
  • P R Seshadri
    (MD & CEO)
[1][2]
ProductsCredit cards, Mutual Fund Trading, Demat account, Consumer banking, Corporate banking, Finance and Insurance, Mortgage loans, Private banking, Wealth management, Investment banking
Revenue₹10,128 Crores (FY2023-24) [3]
Increase ₹1,867.67 crore (US$220 million) (2024) [3]
Increase ₹1,070.08 crore (US$120 million) (2024) [3]
Total assets₹1,17,412.79 Crores (FY 2023-24) [3]
Total equity₹6960Crore (As of 31 December 2024) [4]
Number of employees
9,962 (As of 31 December 2024) [5]
SubsidiariesSIB Operations and Services Limited [6]
Capital ratio19.91% [3]
RatingCRISIL A1+ [7]
Websitesouthindianbank.com

The South Indian Bank Limited (SIB) is a major private-sector bank headquartered at Thrissur in Kerala, India. As of 31 December 2024, the bank had a network of 955 banking outlets (954 branches and 1 service branch) and 1290 ATMs/CRMs (1159 ATMs and 131 CRMs) spanning 26 states and 4 union territories). [8][9]

History of SIB

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Old logo

South Indian Bank was registered in 1929 under the Companies Act.[10] It commenced business on 29 January 1929 at Round South, Thrissur.

It was included in the second schedule of the Reserve Bank of India and became a scheduled bank on 7 August 1946. SIB was the first scheduled bank in the private sector in Kerala to get the license under Section 22 of the Banking Regulation Act, 1949 from the RBI on 17 June 1957.

The bank has won the 'UiPath Automation Excellence Awards 2021' for Best Automation under crisis for business continuity.[citation needed]

Board of directors

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  • V J Kurian IAS (Retd.) - Chairman
  • P R Seshadri - Managing Director and CEO
  • M George Korah - Director
  • Pradeep M. Godbole - Director
  • Paul Antony IAS (Retd.) - Director
  • R A Sankaranarayanan - Director
  • Benny P Thomas - Director
  • Lakshmi Ramakrishna Srinivas - Director
  • Jose Joseph Kattoor - Director
  • Dolphy Jose - Executive Director

See also

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References

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  1. ^ "Board of Directors - South Indian Bank". southindianbank.com. Retrieved 8 October 2020.
  2. ^ " southindianbank.com (31 March 2024).
  3. ^ a b c d e Cite error: The named reference https://www.southindianbank.com/userfiles/file/annual_report_sib_2023-24.pdf was invoked but never defined (see the help page).
  4. ^ Cite error: The named reference https://ticker.finology.in/company/SOUTHBANK was invoked but never defined (see the help page).
  5. ^ Cite error: The named reference https://www.southindianbank.com/userfiles/file/sib_investor_presentation_q4_fy2023-24.pdf was invoked but never defined (see the help page).
  6. ^ "SIBOSL (Wholly Owned Subsidiary)".
  7. ^ Cite error: The named reference https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/TheSouthIndianBankLimited_October%2003_%202024_RR_353348.html was invoked but never defined (see the help page).
  8. ^ southindianbank.com
  9. ^ "About us". South Indian Bank Ltd. Retrieved 23 February 2010.
  10. ^ "SOUTH INDIAN BANK LIMITED". Zauba Corp.
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