Question: Is South Indian bank safe?

So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be ‘safe’, while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.

Is South Indian Bank a good bank?

South Indian Bank. Delhi: South Indian Bank was awarded ‘Best MSME Bank’ among Private Sector banks, by Associated Chambers of Commerce and Industry of India (ASSOCHAM). The award was bestowed on SIB in connection with the ‘7th MSMEs National Excellence Awards -2019’ by ASSOCHAM.

Is South Indian Bank safe investment?

One of the preferred investment options for all those who want to play safe, yet save more than what traditional saving avenues offer. South Indian Bank has tied-up with the leading Mutual Funds, so that you may pick and choose, as per your investment goals. LIC Mutual Fund Asset Management Ltd.

Is South Indian Bank a government bank?

South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India.

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What is the future of South Indian Bank?

South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.

Which is the No 1 private bank in India?

Based on Total sales and Market Capital HDFC Bank is the Largest No 1 Private bank in India with a turnover of Rs 105,161 Cr.

No Company Name
1 HDFC Bank
2 ICICI Bank
3 Axis Bank Ltd
4 Kotak Mahindra Bank Ltd

Which mutual funds are best to invest now?

EQUITY HYBRID DEBT OTHERS Filter

Scheme Name Plan Category Name
Kotak Bluechip Fund – Growth Regular Large Cap Fund
Quant Active Fund – Direct Plan – Growth Direct Plan Multi Cap Fund
Quant Active Fund – Growth Regular Multi Cap Fund
Mirae Asset Emerging Bluechip Fund – Direct Plan – Growth Direct Plan Large & Mid Cap Fund

Why is SIB share going down?

Investment Rationale

The brokerage said that South Indian Bank (SIB) reported muted core operating performance in Q1FY21 with pre-provisioning profit falling 24% QoQ largely due to muted NII growth (down 1.5% QoQ) coupled with lower other income.

What is the full form of SIB?

Special Investigation Branch – Wikipedia.

Which is the best bank in India?

This bank beat SBI, HDFC & ICICI to top Forbes’ ‘World’s Best Banks’ list in India

  • Rank 6 | Axis Bank.
  • Rank 5 | Kotak Mahindra Bank.
  • Rank 4 | HDFC Bank.
  • Rank 3 | ICICI Bank.
  • Rank 2 | CSB Bank.
  • Rank 1 | DBS Bank | DBS was ranked #1 out of 30 domestic and international banks in India for the second consecutive year.
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Is South Indian Bank merged with any bank?

banking analyst said. SIB shares ended almost flat at Rs 69.60 on the Bombay Stock Exchange on Tuesday. subsequently merged with bigger banks.

Is South Indian Bank Private?

One of the oldest banks in South India The South Indian Bank (SIB) came into being during the Swadeshi movement. The South Indian Bank Limited was incorporated on 29 January 1929 at Thrissur as a private limited company and was later converted into a public limited company on 11 August 1939.

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