Page 3 - South Indian Bank

South Indian Bank wins UiPath Automation award for work on robotics

Award was bestowed upon for bank's exceptional use of robotic process automation capabilities under crisis for solving severe operational constraints and ensuring business continuity

South Indian Bank reports Q2 net loss of Rs 187 crore on higher bad loans

The bank declared an operating profit of Rs 111.91 crore for the Q2 FY 22 as against Rs 390.94 crore for the Q2 FY21

South Indian Bank Q1 net profit plunges 87% to Rs 10.31 cr, NPAs rise

South Indian Bank (SIB) on Thursday reported an 87.4 per cent year-on-year decline in net profit to Rs 10.31 crore for the June quarter as interest income fell while proportion of bad assets soared.

South Indian Bank reports Rs 7 crore net profit in March quarter

The bank reported a net interest income of Rs 561 crore, down 6 per cent year-on-year (YoY)

South Indian Bank's Q4 deposits dip to Rs 82,710 cr from from Rs 83,034 cr

South Indian Bank's total deposits dipped marginally to Rs 82,710 crore in the January to March quarter from Rs 83,034 crore in the year-ago period

South Indian Bank to raise Rs 240 cr from life and general insurers

Lender plans to raise another Rs 510 crore to supports its Vision 2024

South Indian Bank posts Rs 92 cr loss in Dec qtr due to rise in bad loans

The bank had recorded a net profit of Rs 90.54 crore in the corresponding period of the previous financial year

South Indian Bank books Q3 loss at Rs 92 cr over Covid-related slippages

CEO sees quarterly loss mainly on account of stress in the economy due to the coronavirus pandemic.

Kerala-based South Indian Bank announces 6Cs strategy for Vision 2024

While current growth trends remain muted due to the Covid-19 pandemic, the bank is optimistic of a revival in growth from Q1FY22 onwards

South Indian Bank to acquire 6.67% stake in IBBIC Pvt Ltd for Rs 5 lakh

The South Indian Bank Limited will hold 6.67 per cent shareholding in IBBIC through acquisition of 50,000 equity shares with face value Rs 10 each.

Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

PE investors, foreign banks taking majority stakes may rescue old pvt banks

Several of these banks were placed under the Prompt Corrective Action (PCA) framework of additional regulator scrutiny but this does not seem to have stemmed the rot

South Indian Bank gets RBI's nod to set up non-financial subsidiary

Private sector lender South Indian Bank (SIB) on Wednesday said the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary.

MARKET WRAP: Indices snap 5-day rally, Sensex slips 345 pts; IT, autos fall

All that happened in the markets today

Market Ahead, July 6: Top factors that could guide markets this week

At 7:10 AM, SGX Nifty was trading more than 50 points higher at around 10,630 levels, indicating a higher opening for the Sensex and Nifty today

South Indian Bank posts Q4 loss of Rs 190 cr, income grows to Rs 2,342 cr

The bank made a one time provisioning of Rs 255 crore on some large value non performing assets (NPA) it sold to an asset reconstruction company in 2017

South Indian Bank announces rise of 8% in Q3 net profit at Rs 90.54 cr

The provision coverage ratio of the bank has improved to 50.37% from 41.17% a year ago

South Indian Bank needs Rs 1,000 cr tier-I capital in next 15 months

India Ratings and Research (Ind-Ra) has revised outlook for the lender from "stable" to "negative" and affirmed its long-term issuer rating at 'A+'

South Indian Bank announces acquisition of 150,000 shares in KIFML

The bank will hold 8.47 per cent shares post issuance

South Indian Bank seeks approval from shareholders for share issuance

People in the know said the bank expects the fund raising to support its plan to grow its advances by 20%