South Indian Bank

The South Indian Bank Ltd.

South Indian Bank Head Office
Company type	Public
Traded as	BSE:  532218 NSE:  SOUTHBANK
Industry	Banking Financial services
Founded	1929;96 years ago (1929)
Headquarters	Thrissur, Kerala, India
Key people	V J Kurian (Chairman) P R Seshadri (MD & CEO) [1] [2]
Products	Credit 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]
Operating income	₹1,867.67 crore (US$220 million) (2024) [3]
Net income	₹1,070.08 crore (US$130 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]
Subsidiaries	SIB Operations and Services Limited [6]
Capital ratio	19.91% [3]
Rating	CRISIL A1+ [7]
Website	southindianbank.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

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

• 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

• Banks portal

• Banking in India
• List of banks in India
• Reserve Bank of India
• Indian Financial System Code
• List of largest banks
• List of companies of India
• Make in India

References

1. "Board of Directors - South Indian Bank". southindianbank.com. Retrieved 8 October 2020.
2. " southindianbank.com (31 March 2024).
6. "SIBOSL (Wholly Owned Subsidiary)".
8. southindianbank.com
9. "About us". South Indian Bank Ltd. Retrieved 23 February 2010.
10. "SOUTH INDIAN BANK LIMITED". Zauba Corp.

External links

• Official web site
• Interview of Dr. V.A Joseph, Former Managing Director & CEO, South Indian Bank