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South Indian Bank

South Indian Bank is one of the best private sector banks in India. The bank offers a host of products and services in areas like financial services, banking, capital markets and insurance.

About South Indian Bank

South Indian Bank was founded in 1929. The corporate headquarters of the bank are located in Thrissur, Kerala. It is one of the oldest banks in South India. South Indian Bank started its operations as a savings and credit institution. It made a modest beginning with a capital of only Rs. 22,000. After a long journey, the bank has been able to achieve a strong position in the Indian commercial banking industry. Currently, the bank has 580 branches, 3 extension counters and 382 ATMs. South Indian Bank is known all over India as a trendsetter in the field of financial intermediary services.

South Indian Bank provides principal services in different areas of deposits and accounts, loans, insurance, mutual funds and money transfers. The bank has also launched a number of value-added services for the benefit of the customers.

At present, the Managing Director & CEO of the bank is Dr. V.A. Joseph. The bank has a pan India presence with branches and offices in 26 states and union territories of the country.

South Indian Bank was the first private sector bank to receive the status of a scheduled bank in 1946 in keeping with the RBI Act.

Tie-Ups

The bank has tie-ups with the following financial institutions:

  1. ING Life
  2. Bajaj Allianz General Insurance Company Ltd.
  3. The Export Credit Guarantee Corporation of India
  4. Franklin Templeton
  5. ICICI Prudential AMC
  6. Sundaram BNP Paribas
  7. TATA Mutual Fund
  8. Reliance Mutual Funds
  9. UTI Mutual Funds
  10. HDFC Mutual Fund
  11. HSBC Investments
  12. Principal Mutual Funds
  13. Fidelity Fund Management Pvt Ltd.
  14. Birla Sun Life Asset Management Company Ltd.
  15. Fortis Investments
  16. DSP BlackRock Mutual Funds.




Landmarks achieved by the South Indian Bank

Given below are some of the landmarks achieved by the bank:

  1. In November 1992, it was the oldest private sector bank to inaugurate an NRI branch.
  2. It was the first private sector bank in India to arrange a Currency Chest on behalf of the Reserve Bank of India in April 1992.
  3. In June 1993, it was the first private sector bank in Kerala to inaugurate an Overseas Branch to promote export and import trade.
  4. In March 1993, it was the first private sector bank to open an Industrial Finance Branch.
  5. It was the first bank in Kerala to apply Core Banking System (CBS).
  6. It was the first bank in Kerala to design a completely integrated and in-house branch automation software other than the partial in-house automation solution functional from 1992.
  7. The bank has the third biggest branch network among the Indian private sector banks with all the branches having CBS facilities.

Awards won by South Indian Bank

The bank has won the following awards:

  1. No. 1 in Asset Quality- Business Today Ranking of Banks
  2. Best Bank in Asset Quality Award - Dun & Bradstreet
  3. Best NPA Manager- ASSOCHAM- ECO Pulse Survey.
  4. Top Performer in Asset Quality- Analyst 2008 Survey.
  5. Best Asian Banking Website - Asian Banking & Finance Magazine, Singapore.
  6. Best Old Private Sector Bank - Financial Express India's Best Banks 2008-2009.
  7. Best private sector bank in India in the service quality segment - Outlook Money - CFore Survey

Products and services of South Indian Bank

The wide array of products and services offered by South Indian Bank includes the following:

Personal Banking

  1. Accounts & Deposits
  2. Insurance
  3. Loans (Agriculture Loans, Educational Loans, Gold Loans, Personal Loan, Home Loans, Non Resident Indian Loans, Senior Citizen Loans and other loans)
  4. Money Transfers
  5. Value Added Services
  6. Mutual Funds

NRI Banking

  1. Insurance
  2. Accounts and deposits
  3. Money Transfers
  4. Loans (Home Loans, Pravasi Swagat, Personal Loans and SIB Flexi Loan)
  5. Mutual Funds
  6. Value Added Services

Business Banking

  1. Domestic Finance
  2. Business Accounts
  3. Money Transfers
  4. International Finance
  5. Value Added Services

South Indian Bank Contact Details

South Indian Bank Ltd.
Head Office
T.B Road, Mission Quarters, Thrissur 680 001, Kerala, India
Telephone Nos: +91-487-2420020, 2420058, 2420113
Email: sibcorporate@sib.co.in

http://www.southindianbank.com/



South Indian Bank

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