South Indian Bank: Difference between revisions

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{{Short description|Indian private sector banking company}}
{{Use Indian English|date=October 2015}}
{{Use Indian English|date=October 2015}}
{{Use dmy dates|date=October 2015}}
{{Use dmy dates|date=October 2015}}
{{Multiple issues
{{More citations needed|date=April 2012}}
|{{More citations needed|date=April 2012}}
{{Cleanup|date=November 2014|reason=Advertisement material.}}
}}
{{Infobox company
{{Infobox company
| name = South Indian Bank Ltd.
| name = The South Indian Bank Ltd.
| logo = South Indian Bank Logo.svg
| logo = South Indian Bank Logo.svg
| logo_size =  
| logo_size =  
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| traded_as = {{BSE|532218}}<br />{{NSE|SOUTHBANK}}
| traded_as = {{BSE|532218}}<br />{{NSE|SOUTHBANK}}
| industry = [[Banking]]<br />[[Financial service]]s
| industry = [[Banking]]<br />[[Financial service]]s
| founded = {{Start date and age|1929|01|29|df=yes}}
| founded = {{Start date and age|1929|df=yes}}
| key_people = {{ubl|[[Salim Gangadharan]] <br> {{small|(Chairman)}}|Murali Ramakrishnan <br> {{small|(MD & CEO)}}}} <ref>{{Cite web|title=Board of Directors - South Indian Bank|url=https://www.southindianbank.com/content/board-of-directors/855|access-date=2020-10-08|website=southindianbank.com}}</ref><ref name="BalSheet"/>
| key_people = {{ubl|V J Kurian<br> {{small|(Chairman)}}|P R Seshadri <br> {{small|(MD &amp; CEO)}}}} <ref>{{Cite web|title=Board of Directors - South Indian Bank|url=https://www.southindianbank.com/content/board-of-directors/855|access-date=2020-10-08|website=southindianbank.com}}</ref><ref name="BalSheet">[https://www.southindianbank.com/userfiles/file/annual_report_sib_2023-24.pdf"] southindianbank.com (31 March 2024).</ref>
| products = [[Credit card]]s, [[Mutual Funds|Mutual Fund Trading]], [[Demat account]], [[Retail banking|Consumer banking]], [[Commercial bank|Corporate banking]], [[Financial services|Finance and Insurance]], [[Mortgage loan]]s, [[Private banking]], [[Wealth management]], [[Investment banking]]
| products = [[Credit card]]s, [[Mutual Funds|Mutual Fund Trading]], [[Demat account]], [[Retail banking|Consumer banking]], [[Commercial bank|Corporate banking]], [[Financial services|Finance and Insurance]], [[Mortgage loan]]s, [[Private banking]], [[Wealth management]], [[Investment banking]]
| revenue = {{increase}}{{INRConvert|6562.64|c}} (2017)<ref name="BalSheet">[https://www.southindianbank.com/UserFiles/file/SIB%20AR%202016-17.pdf "Balance Sheet 31.03.2017"] southindianbank.com (16 March 2018).</ref>
| revenue = ₹11,226.74 Crores (FY2024-25) <ref name="https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf"/>
| operating_income = {{increase}} {{INRConvert|1214.59|c}} (2017)<ref name="BalSheet"/>
| operating_income = {{increase}} {{INRConvert|1756.89|c}} (2025) <ref name="https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf"/>
| net_income = {{increase}} {{INRConvert|392.50|c}} (2017)<ref name="BalSheet"/>
| net_income = {{increase}} {{INRConvert|1302.88|c}} (2025) <ref name="https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf"/>
| assets = {{increase}}{{INRConvert|74312.15|c}} (2017)<ref name="BalSheet"/>
| assets = ₹1,24,655.12 Crores (FY 2024-25) <ref name="https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf"/>
| equity =  
| equity = ₹9622Crore (As of 31 October 2025) <ref name="https://ticker.finology.in/company/SOUTHBANK"/>
| num_employees = 7,677 (2017) <ref name="BalSheet"/>
| num_employees = 9,369 (As of 31 March 2025) <ref name="https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf"/>
| ratio = 12.37% <ref name="BalSheet"/>
| subsid = SIB Operations and Services Limited <ref>{{Cite web |title=SIBOSL (Wholly Owned Subsidiary) |url=https://www.southindianbank.bank.in/investors-desk/shareholder-sub/sibosl-wholly-owned-subsidiary}}</ref>
| ratio = 19.31% <ref name="https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf"/>
| location = [[Thrissur]], [[Kerala]], [[India]]
| location = [[Thrissur]], [[Kerala]], [[India]]
| homepage = {{url|southindianbank.com}}
| rating = CRISIL A1+ <ref name="https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/TheSouthIndianBankLimited_October%2003_%202024_RR_353348.html"/>
| homepage = {{url|https://www.southindianbank.bank.in}}
}}
}}
 
'''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).<ref>[https://www.southindianbank.bank.in southindianbank.bank.in]</ref><ref>{{cite web |title=About us |url=https://www.southindianbank.bank.in/about-us/about-sib |access-date=2025-11-06 |website=The South Indian Bank Ltd |publisher=South Indian Bank Ltd}}</ref>
'''South Indian Bank Limited (SIB)''' is a major private sector bank headquartered at [[Thrissur]] in [[Kerala]], [[India]]. South Indian Bank has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India. The bank has also set up more than 1,500<ref>[https://www.southindianbank.com/Default.aspx southindianbank.com]</ref> [[Automated teller machine|ATM]]s and 91 Cash Deposit Machines.
 
==Milestones ==
* First among the private sector banks in Kerala to become a scheduled bank in 1946.
* First bank in the private sector in India to open a Currency Chest in April 1992.
* First private sector bank to open a NRI branch in Jhumritalaiya November 1992.
* First bank in the private sector to start an Industrial Finance Branch in March 1993.
* First among the private sector banks in Kerala to open an overseas branch in June 1993.
* Bank in Kerala to develop an in-house,  fully integrated branch automation software.
* First Kerala based bank to implement [[Core Banking System]].
* 8th largest branch network among private sector banks in India.<ref>{{cite web
|url=http://www.southindianbank.com/content/viewContentLvl1.aspx?linkIdLvl2=5&linkid=5
|title=About us
|publisher=South Indian Bank Ltd
|access-date=2010-02-23}}</ref>


==History of SIB==
==History of SIB==
[[File:Southindianbank logo.gif|thumb|left|190px|'''Old logo''']]
[[File:Southindianbank logo.gif|thumb|left|190px|'''Old logo''']]
South Indian Bank was registered as a Private Limited Company under the [[Companies Act, 2013|Companies Act of 2013]] and commenced business on 29 January 1929 at Round South, [[Thrissur]].
South Indian Bank was registered in 1929 under the [[Companies Act]].<ref>{{cite web |title=SOUTH INDIAN BANK LIMITED |url=https://www.zaubacorp.com/company/SOUTH-INDIAN-BANK-LIMITED/U65191KL1928PLC001011 |website=Zauba Corp}}</ref> It commenced business on 29 January 1929 at Round South, [[Thrissur]].


The South Indian Bank Ltd. was formed by a group of 44 enterprising men of Thrissur who contributed {{INR|500/-}} each to the initial paid-up capital of {{INR|22,000/-}}. Their main objective was to serve the merchant community of Thrissur by freeing them from the clutches of the money lenders who charged exorbitant rates of interest. The bank received very good support from the public at large. Initially, the growth was slow but steady. The number of branches opened each year testified its stability and popularity.{{citation needed|date=April 2018}}
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.


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|date=June 2022|reason=references required for said statements}}
 
==Financial inclusion & Financial Literacy Centres==
Till date, the bank has covered more than 150 villages and 15 urban centres under Financial Inclusion and opened more than 10 exclusive FLC Centres in the bank premises, which spreads across the states of Kerala, Tamil Nadu, Andhra Pradesh and Chhattisgarh. South Indian Bank has appointed direct Business Correspondents in the allotted villages and is supervised by a team of officers in the FIP Cell - Head Office. Recently South Indian Bank has introduced "KIOSK Banking Model" as a Financial Inclusion Initiative in association with Akshaya e-centres in the state of Kerala through the software service provider - M/s Tata Consultancy services... The kiosk is a kind of banking model, where people living in unbanked or underbanked areas can avail basic banking facilities from a nearby common service centre/BC Office without visiting a regular bank branch. Basic banking needs of the public like opening of an account, deposit and withdrawal of cash etc. is possible from these common service centre/BC Office.<ref>{{cite web
|url=http://www.southindianbank.com/content/viewContentLvl2.aspx?linkIdLvl2=11&linkId=592&sec=1
|title=Financial Inclusion Smart Card Account
|publisher=South Indian Bank Ltd
|access-date=2012-09-17}}</ref>


==Board of directors==
==Board of directors==
* [[Salim Gangadharan]], Chairman
* [[V. J. Kurian|V J Kurian]] IAS (Retd.) -  Chairman
* Murali Ramakrishnan - Managing Director & CEO
* P R Seshadri - Managing Director and CEO
* M George Korah - Director
* Pradeep M. Godbole - Director
* Pradeep M. Godbole - Director
* M. George Korah -Director
*[[Paul Antony (civil servant)|Paul Antony]] IAS (Retd.) - Director
* Dr. John Joseph - Director
*R A Sankaranarayanan - Director
* Francis Alapatt - Director
*Benny P Thomas - Director
* Achal Kumar Gupta  - Director
*Lakshmi Ramakrishna Srinivas - Director
* V. J. Kurian - Director
*Jose Joseph Kattoor - Director
* Ranjana Salgaocar - Director <ref>[http://www.southindianbank.com/content/viewContentLvl1.aspx?linkIdLvl2=854&linkId=855 southindianbank.com]</ref>
*Dolphy Jose - Executive Director


==See also==
==See also==
 
{{Portal|Banks}}
* [[Banking in India]]
* [[Banking in India]]
* [[List of banks in India]]
* [[List of banks in India]]
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==External links==
==External links==
{{Commons category|South Indian Bank}}
{{Commons category}}
* [http://www.southindianbank.com/ Official web site]
* [http://www.southindianbank.bank.in/ Official web site]
* [http://www.indiainfoline.com/Research/LeaderSpeak/Dr.-V.A-Joseph-Managing-Director-and-CEO-South-Indian-Bank/22607739 Interview of Dr. V.A Joseph, Former Managing Director & CEO, South Indian Bank]
* [http://www.indiainfoline.com/Research/LeaderSpeak/Dr.-V.A-Joseph-Managing-Director-and-CEO-South-Indian-Bank/22607739 Interview of Dr. V.A Joseph, Former Managing Director & CEO, South Indian Bank]


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{{Authority control}}
{{Authority control}}


[[Category:South Indian Bank| ]]
[[Category:Banks based in Thrissur]]
[[Category:Banks based in Thrissur]]
[[Category:Banks established in 1929]]
[[Category:Banks established in 1929]]
[[Category:Private sector banks in India]]
[[Category:Private sector banks in India]]
[[Category:Indian companies established in 1928]]
[[Category:Indian companies established in 1929]]
[[Category:Indian companies established in 1929]]
[[Category:South Indian Bank]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Latest revision as of 09:33, 22 March 2026


The South Indian Bank Ltd.
Traded asBSE: 532218
NSE: SOUTHBANK
IndustryBanking
Financial services
Founded1929; 97 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₹11,226.74 Crores (FY2024-25) [3]
Increase ₹1,756.89 crore (US$250 million) (2025) [3]
Increase ₹1,302.88 crore (US$180 million) (2025) [3]
Total assets₹1,24,655.12 Crores (FY 2024-25) [3]
Total equity₹9622Crore (As of 31 October 2025) [4]
Number of employees
9,369 (As of 31 March 2025) [3]
SubsidiariesSIB Operations and Services Limited [5]
Capital ratio class39 = tel19.31% [3]
RatingCRISIL A1+ [6]
Websitewww.southindianbank.bank.in

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).[7][8]

History of SIB[edit | edit source]

Old logo

South Indian Bank was registered in 1929 under the Companies Act.[9] 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[edit | edit source]

  • 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[edit | edit source]

References[edit | edit source]

  1. ↑ "Board of Directors - South Indian Bank". southindianbank.com. Retrieved 8 October 2020.
  2. ↑ " southindianbank.com (31 March 2024).
  3. ↑ 3.0 3.1 3.2 3.3 3.4 3.5 Cite error: Invalid <ref> tag; no text was provided for refs named https://www.southindianbank.bank.in/userfiles/file/south_indian_bank_annual_report_2024-25_interactive.pdf
  4. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named https://ticker.finology.in/company/SOUTHBANK
  5. ↑ "SIBOSL (Wholly Owned Subsidiary)".
  6. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/TheSouthIndianBankLimited_October%2003_%202024_RR_353348.html
  7. ↑ southindianbank.bank.in
  8. ↑ "About us". The South Indian Bank Ltd. South Indian Bank Ltd. Retrieved 6 November 2025.
  9. ↑ "SOUTH INDIAN BANK LIMITED". Zauba Corp.

External links[edit | edit source]

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