SOUTH INDIAN BANK

By,
Miss . Roselin Made Mr. Jyotiraditya Singh Mr . Sourabh Kondkar
(Bankedge batch no.19)
 Introduction
• South Indian Bank Limited (SIB) is a major private sector bank that was
founded in the year 1929 ( January 29, 1929). SIB is head quartered in
Thrissur city, Kerala , India.
• The bank offers banking and financial services to the customers. The
banking products mainly include loans, savings , investments vehicles,
insurance etc.
• The bank has strength of more than 838 branches ,20 regional offices, 42
ext. counters and 4 service branches spread across India.
• The bank also set up over 1244 ATMs and 4 Cash Deposit Machines all
over India.
• South Indian Bank has total assets of INR 74,312.15 crore (2017) with
capital ratio 12.37% and employs around 7,677 employees .
• Mr. Salim Gangadharan is an active chairman of the South Indian Bank
Limited.
 History of SIB

• South Indian Bank was registered as a Private Limited company under the
Companies Act of 1913 and commenced business on 29 Jan 1929.
• The SIB was founded by a group of 44 enterprising men of Thrissur ,
Kerala who contributed Rs. 500/- each to the initial paid-up capital of Rs.
22000/- .
• The main objective of the foundation of bank was to serve merchant
community of Thrissur and Malabar coast .
• The bank received very good support from the pubic and showed slow but
steady growth.
• SIB included in the second schedule of the Reserve Bank of India and
became a scheduled on August 07, 1946.
• SIB was the first schedule Bank in the private sector in the private sector in
Kerala to get the license under section 22 of the Banking Regulation Act
1949 from RBI on June 17,1957.
 Financial inclusion
• Till date , the bank has covered more than 100 villages and 15 urban
centres under financial inclusion and opened more than 10 exclusive FLC
centres ,which spreads across the states of Kerala, Tamil Nadu , Andhra
Pradesh and Chattisgarh.

• Recently South Indian Bank introduced “KIOSK Banking Model” as a

financial inclusion initiative in association with Akshaya e-centres in the
state of Kerala through the software service provider i.e Tata Consultancy
Services.

• KIOSK is for the people living in unbanked or underbanked areas can

avail basic banking facilities fro nearby common service centre without
visiting a regular bank branch.
 Fixed Deposit
SIB offers a wide range of retail products to the customers including fixed deposit .Let us
look into the Fixed Deposit schemes provided by SIB.

SIB Flexi Smart Deposit

Kalpakanidhi

SIB Flexi Deposit

SIB Tax Gain 2006

Fast Cash Deposit

Fixed Deposit
Recurring Deposit
SIB care
 Interest Rate Range & Mean Interest Rate
Interest Rate Range of contracted loans for the past quarter(July-September 2019)
for different categories of advance granted to individual borrowers.

Category Mean Interest Interest Rate Range

SIB Home Loan 9.27% 8.90%-13.95%

Mortgage Loan 11.11% 9.25%-13.80%

Car Loan 9.56% 9.25%-14.70%

Gold Loan (general) 10.36% 9.25%-10.90%

Gold Loan (agri) 9.41% 7.00%-9.65%

Education Loan 12.42% 9.00%-15.80%

Personal Loan 12.82% 9.50%-14.70%

Loan against commercial property 11.36% 10.95%-11.50%

 Deposit Rates

• General
Tenure Interest Rate
7 days to 45 days 4%
91 days 6%
181 days to less than 1 year 6.35%
1 year to 2 years 6.6-6.9%
Above 2 years to up to and including 10 6.6%
years
• Senior Citizen
Tenure Interest Rate
7 days to 45 days 4.5%
91 days 6.4%
181 days to less than a year 6.85%
1 year to 2 years 7.1%
Above 2 years to up to and including 10 7.1%
years
 NRI Banking
South Indian Bank offers wide range of products and services of which Non-
Resident Indians (NRIs) fall under various types of accounts .Below are various
types of NRI accounts.

NRE Rupee
Account

NRO Foreign
Rupee currency
Account Deposits
 Internet Banking
SIB offers a host of services to the customers through the introduction of internet
baking wherein the customers can enjoy online banking facility within the
comforts their own houses.

Online mobile bill payments.

Payments of credit cards.

Repayments of Loans.

Payments of donations and charity.

Payments related to religious purposes , educational institutions.

Statement of account

Payment of premium related to insurance .Also stoppage of payment of cheques.

 Additional value added services

Green PIN

Any branch banking

Demat services

National Pension Scheme

SIB Travel card ,SIB Academia

Centralized Direct Debit services

SIB Pure Gold

 Mile stones

• First among the private sector bank in Kerala to become a scheduled

bank .
• First private sector bank in India to open a currency chest in April
1992.
• First private sector bank to start an Industrial Finance Branch in
March 1933.
• First among the private sector bank in Kerala to open an overseas
branch June 1993.
• First Kerala based bank to implement Core Banking System.
• 8th largest branch network among private sector banks in India.
 References

• Official website of South Indian Bank.

(www.southindianbank.com)
• Paisabazaar.com
• Wikipedia
THANK YOU!