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South
Indian Bank Ltd (SIB)
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Type
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Private
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Trade
as
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BSE:
532218, NSE: SOUTHBANK
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Industry
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Banking
Financial
Services
Insurance
Capital
markets
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Founded
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1929
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Headquarters
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Thrissur,
Kerala, India
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Key
people
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Dr
V.A. Joseph,
Managing Director and Chief Executive Officer
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Products
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Loans,
Savings, Investment vehicles, Insurance etc.
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Website
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South
Indian Bank Limited (SIB) is a private sector bank headquartered at Thrissur in
Kerala, India. It is headed by Dr.V A Joseph, Managing Director & CEO of
the bank. South Indian Bank has 580 branches and 3 extension counters spread
across more than 26 states and union territories in India. It has set up 375
ATMs all over India. In the current year 2010-11, the bank is planning to add
60 more branches throughout India which aims in having presence in all the
states of India. The current growth plan of the bank is to establish 750 branches,
750 ATMs and 75000 crores of business by the end of financial year 2013. The
bank offers major services in various segments of accounts and deposits, loans,
mutual funds, insurance, money transfers and other value added services. The
Kerala Government had given permission to SIB to accept commercial taxes. The
bank has been appointed as the largest service provider (point of sale) for the
New Pension Scheme (India) launched by the Government of India.
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