Is it safe to keep money South Indian Bank?

Is South Indian Bank is safe?

Yes, of course. They are quite safe. Thanks to strong regulation and supervision by Reserve Bank of India and system of internal control of banks, they are well capitalized, well managed and effectively regulated.

Is it good to buy South Indian Bank?

Presently, SIB has the highest Tier-I capital amongst private banks at 13.1% providing more than sufficient headroom to grow at the targeted pace. The bank’s balance sheet is one of the strongest in the industry with a high Tier-1 capital, low RWA/IEA ratio (45%) and negligible net NPLs (0.4%).

What is the problem with South Indian Bank?

South Indian Bank’s (SIB) weak quarter was marred by high slippages from its corporate and small and medium enterprise (SME) book. Core business performance was lacklustre, with margin compression and weak non-interest income impacted by losses in the bond portfolio and higher costs due to gratuity-related expenses.

Which is the safest bank in India?

10 SAFEST BANKS TO PUT YOUR HARD-EARNED MONEY

  • HDFC BANK. The Housing Development Finance Corporation or HDFC was found in 1994 in India. …
  • AXIS BANK. …
  • IDFC BANK. …
  • STATE BANK OF INDIA. …
  • BANK OF BARODA. …
  • PUNJAB NATIONAL BANK. …
  • ICICI BANK. …
  • CANARA BANK.
IMPORTANT:  Frequent question: How do I get from Delhi to Kathmandu?

Is South Indian Bank A govt bank?

Unsourced material may be challenged and removed. South Indian Bank Ltd. 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.

Why is South Indian Bank falling?

South Indian Bank Q1 net profit plunges 87% to Rs 10.31 cr, NPAs rise. Private sector South Indian Bank (SIB) on Thursday reported an 87.4 per cent year-on-year decline in net profit to Rs 10.31 crore for the June quarter as interest income fell while proportion of bad assets soared.

Is South Indian Bank a penny stock?

One bank that many investors may have ignored is South Indian Bank. This penny stock traded at Rs 9.21 per share on Thursday and has gained by more than 26 per cent in just one month. … The stock made a year low at Rs 4.93 per share and is up by 64 per cent from its lows in 2020.

Is South Indian Bank share a good buy for long term?

As on 10th Aug 2021 SOUTHBANK Share Price closed @ 10.00 and we RECOMMEND Buy for LONG-TERM with Stoploss of 9.01 & Strong Sell for SHORT-TERM with Stoploss of 11.50 we also expect STOCK to react on Following IMPORTANT LEVELS.

SOUTHBANK Share Price.

IDEA 6.65 -3.62%
ZOMATO 125.20 -4.13%
MOTHERSUMI 223.20 -3.33%

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.

IMPORTANT:  Which is the best India Gate rice?

How can I close my South Indian Bank Account?

In order to close your bank account, the first step is to fill up an Account Closure Form. You can download it from bank’s website or alternatively, you can visit your branch, get the account closure form and fill it up properly. After that you need to sign it and submit it to the branch manager/ officer-in-charge.

How can I block my South Indian Bank ATM?

Contact South Indian Bank immediately by email at : sibcorporate@sib.co.in /customercare@sib.co.in /debitcard@sib.co.in by phone at:1800 102 9408 (Toll Free India) or 1800 425 1809 (BSNL)(Toll Free India) or 91-484 2388555 or +91 9446475458 or +91 484 2771343 or +91 484 3939345.

Dreams of India