Latest Updates Around The World
A group of smaller private and PSU banks with sizeable gold loans are turning the gold boom into a balance sheet bonanza, while rising prices and a surge in secured credit demand are boosting growth, margins and asset quality.In the December quarter, CSB Bank led the pack with gold loans constituting a whopping 51% of […]
Among private banks, South Indian Bank’s total advances and deposits rose by 11 per cent and 12 per cent, respectively, to ₹ 96,765 crore and ₹ 1.18 lakh crore at the end of December. | Photo credit: REUTERS/AJAY VERMA Bank lending continued to grow faster than deposits in the third quarter of FY26, according to […]
South Indian Bank has announced the launch of RuPay Contactless SIB Paytag Sticker, NFC (Near Field Communication) enabled payment instrument, designed to provide customers with a faster, secure and frictionless payment experience. The compact NFC sticker easily attaches to personal accessories such as mobile phones, wallets or card holders, allowing customers to make quick tap-and-pay […]
South Indian Bank has launched a new digital loan facility – a loan against investment funds – so that customers can use loans against their investment funds. The application process of the loan is completely digital and paperless and ensures rapid payment with minimal procedures. This innovative service was introduced in collaboration with Ark Neo […]
Care Ratings Ltd has upgraded the creditworthiness of the South Indian Bank’s Basel III tier II debts of care A+ stable to ensure. According to the rating agency, the upward revision was based on the improvement of the risk profile and the asset quality of the bank. The revision in the long-term ratings assigned to […]
With an inheritance of 96 years, the Thrissur -based South Indian Bank is now focusing on supporting companies in the communities around its branches, so that they can grow in time and sufficient financing. “Our nuclear philosophy is to be a ‘by-cycle money shooter’ who is not only in good times by family businesses, but […]
