South Indian Bank

About the Bank

One of the oldest banks in Southern part of India, South Indian Bank Ltd was inaugurated during the period of Swadeshi movement at the time of independence. The founding of the bank was with the aim of accomplishment of the visions of a community of inventive individuals who joined collectively at Thrissur to offer people a secured, competent and service centric depository of savings. This facility was opened for community as a whole and entrepreneurs in order to free them from the grasps of fraud loan lenders besides offering requirement based loans at attractive interest rates.

Interpreting ideas of the founders of the bank as its business aim, the bank over its long journey has been able to present it as a vivacious, rapidly developing and service centric monetary agent.

With numerous sub-divisions across India, South Indian Bank Ltd takes pride of its comprehensive range of clients and is regarded as the most upbeat bank in India, assisted with a team of experienced and technologically well-informed professionals.

Landmarks

Some of the landmarks achieved by South Indian Bank Ltd are:

• The bank was among the first private sector banks in the state of Kerela to get the recognition of the organized bank under Reserve Bank of India Act in the year 1946.


• The bank was among the first private sector banks to launch an Exchange locker with due permission from Reserve Bank of India in the year 1992


• The bank was among the first private sector banks to introduce a NRI operational division in the year 1992


• The bank was among the first private sector banks to commence a Sectoral Credit Division in 1993


• The bank was among the first private sector banks to launch an international division in state of Kerela in an attempt to serve completely to the export and import trade in 1993


• The bank was among the first private sector banks to create a domestic, all inclusive and well-equipped division in the year 1992


• The bank was among the first private sector banks to employ fundamental banking network


• Among all Private Sector banks in India, South Indian Bank Ltd has the third biggest divisional set-up with all its sub-divisions under fundamental banking network

Products and Services

Some of the products and services offered by South Indian Bank Ltd are:

Personal Banking

• Business Accounts such as Current Account, Cash Credits(CC) , Mercantile Credits and Overdrafts(OD)
• Domestic Finance such as Working Capital finance, Non Fund Based finance and Long Term Finance
• International Finance for export and import activities
• Money Transfers such as Transfer of funds within India and Transfers of funds overseas
• Value Added Services such as Any Branch Banking, International ATM cum Debit Cards service, E-Banking, Cellphone Banking, Credit Card, Demat Services, general insurance and life insurance services

NRI Banking and Commercial Banking

• Accounts & Deposits such as NRE Rupee Account, Foreign Currency Deposits and NRO Rupee Account
• Loans such as Personal, Home, for NRIs coming back to India and Loan against property for both domestic and NRI clients
• Money Transfers such as Transfer of funds within India and Transfers of funds overseas
• Mutual Funds through its association with premier MF firms such as Reliance Mutual Funds, HSBC Investments, HDFC Mutual Fund, Fortis Investments, TATA Mutual Fund, Birla Sun Life Asset Management Company Ltd.
• Insurance such as General, Life and Health Insurance
• Value Added Services such as International ATM cum Debit Card, E-Banking, Demat Services, Cellphone Banking, Credit Card services and NRI Subdivision

Contact Details

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

Last Updated on 02^nd May 2011

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