South Indian Bank net up 19% in second quarter

Emphasis on retail lending and low-cost deposits enabled South Indian Bank register an 19 per cent increase in its net profit in the second quarter of this fiscal. The Kerala-based bank has achieved a net profit of ₹110.52 crore compared with ₹93.38 crore in the corresponding quarter of the previous fiscal. According to VG Mathew, Managing Director and CEO, realignment […]

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South Indian Bank bags award

South Indian Bank has been conferred with the Export Excellence Award 2014-15 in the Best Financial Institution Category (Southern Region), in recognition of the bank’s Forex Earnings and Services to Exporters. The award instituted by the Federation of Indian Export Organisations was received by V.G. Mathew, MD & CEO of the bank from Nirmala Sitharaman, Minister of State for Commerce […]

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South Indian Bank Posts Robust Q2FY17

South Indian Bank (SIBL) has declared its Q2FY17 results on Friday. The bank’s net total income has increased by 16.1 per cent to Rs 591 crore in Q2FY17 as compared to same period in previous financial year. Its NIM stands at 2.75 per cent in Q2FY17 against 2.81 per cent in Q2FY16. SIBL’s PAT has increased by 18.8 per cent […]

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