| Date | Title | Description |
| 19.09.2024 | PayU Unveils Industry-First Biometric Authentication Solution for Card Payments | Mumbai, Maharashtra, India
PayU, one of India’s leading digital financial services providers, has introduced an industry-first biometric authentication solution for card payments – Flash Pay. Designed to simplify the payment experience, inc... |
| 21.08.2024 | JM Financial PE spices up portfolio with bet on Zoff Foods | Premium
Credit: Pixabay
JM Financial Private Equity, which has earlier invested in the likes of Spandana Sphoorty, LIC Housing, and South Indian Bank, has now bet on Zoff Foods, an online platform that sells spices and dry fruits. With the ... |
| 18.07.2024 | South Indian Bank reports 45% net profit growth in Q1 | South Indian Bank has registered a 45 per cent growth in its net profit in Q1 of FY25 at ₹294 crore compared with ₹202 crore in the same period of the previous fiscal year.
Also read: South Indian Bank net profit jumps 38% to ₹1,070 crore i... |
| 03.06.2024 | Rs 2,000 banknotes worth Rs 7,755 cr left with public; 97.82% returned | - |
| 01.06.2024 | Will take decisive steps to stabilise banking system: FM Sitharaman | - |
| 30.05.2024 | Unclaimed deposits with banks rise 26% to Rs 78,213 crore: RBI report | - |
| 26.05.2024 | Credit card spends fall 5% in April, pace of new card additions slower | Spends on credit cards moderated in April 2024 from the previous month, declining 4.84 per cent to ₹1.56-lakh crore, according to data by the Reserve Bank of India.
Spends in April traditionally see a fall, given that spends generally tend ... |
| 06.05.2024 | South Indian Bank targets 11-12% deposit growth in FY25: MD & CEO Seshadri | - |
| 06.05.2024 | Banks’ CASA share slips up to 700 bps in FY24 amid deposit stress, term deposits surge | The share of current account (CA) and saving account (SA) deposits as a share of total deposits fell for most banks during FY24, amid intensified pressure for retail deposit mobilisation and increased reliance on term and bulk deposits.
CAS... |
| 02.05.2024 | South Indian Bank net profit jumps 38% to ₹1,070 crore in FY24 | South Indian Bank has posted 38 per cent growth in net profit at ₹1,070.08 crore in FY 24, against ₹775.09 crore in FY23.
According to P.R. Seshadri, Managing Director & CEO, the bank registered growth across segments, with a focus on q... |
| 02.05.2024 | South Indian Bank Q4 results: Net profit dips 14% to Rs 288 crore | - |
| 02.05.2024 | Tata Motors partners South Indian Bank for vehicle finance | ECONOMY & POLICY Tata Motors partners South Indian Bank for vehicle finance
02 May 2024 1 Min Read CW Team
Tata Motors announced that it had entered into a partnership with South Indian Bank to provide financing solutions to its commerc... |
| 02.05.2024 | South Indian Bank Q4 results: Net profit down 14% at Rs 287.56 crore | - |
| 29.04.2024 | Tata Motors partners with South Indian Bank for commercial vehicle finance | - |
| 23.04.2024 | Ashok Leyland partners South Indian Bank for dealer finance | ECONOMY & POLICY Ashok Leyland partners South Indian Bank for dealer finance
23 Apr 2024 1 Min Read CW Team
Ashok Leyland announced that it had entered into an agreement with South Indian Bank to offer financing support to its dealers t... |
| 23.04.2024 | Flows into NRI deposits up 84.4% to $11.8 bn in April 2023-February 2024 | - |
| 18.04.2024 | Ashok Leyland partners with South Indian Bank for dealer financing | Ashok Leyland partners with South Indian Bank for dealer financing
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Commercial vehicle maker Ashok Leyland Ltd on Thursday said it has partnered with Sou... |
| 18.04.2024 | Ashok Leyland, South Indian Bank sign MoU to provide financing to dealers | - |
| 18.04.2024 | Ashok Leyland in pact with South Indian Bank for dealer financing | Ashok Leyland has signed an agreement with South Indian Bank to provide financing support to its dealers under the bank’s dealer finance scheme.
South Indian Bank will provide competitive dealer finance options to the dealers of the leading... |
| 04.04.2024 | Recent volatility won't affect rupee's exchange rate, say bankers | The Indian rupee's exchange rate will not be affected by the recent volatility in the currency's exchange-traded derivatives, which was sparked by traders furiously unwinding positions to comply with a central bank rule, four bankers said o... |
| 02.04.2024 | Nifty Realty hits fresh 16-yr high; surges 7% in 2 days on healthy outlook | Shares of real estate companies continued their upward movement, with the Nifty Realty index hitting a fresh multi-year high in Tuesday's intra-day trade on the back of healthy outlook.
The Nifty Realty index was up 2 per cent at 959.10 on ... |
| 02.04.2024 | Forex derivatives volumes to plummet 80% on mandatory exposure rule | The Indian central bank's soon-to-be-implemented regulation saying exchange-traded rupee derivative transactions can be used only for hedging will cause volumes to plunge more than 80%, dealing a major blow to the segment, six brokers said.... |
| 02.04.2024 | Results preview: IT firms may report muted Q4 growth, eyes on FY25 guidance | With the last quarter of 2023-24 (FY24) expected to have been soft owing to lower discretionary spend and macro uncertainty, many are hoping FY25 will be a year of recovery for the information-technology (IT) industry.
The fourth quarter, J... |
| 02.04.2024 | South Indian Bank, Karur Vysya Bank post double digit growth in deposits | Private sector lenders South Indian Bank and Karur Vysya Bank posted double digit growth in deposits at the end of the quarter ending March 31, 2024.
The deposits of South Indian Bank grew by 11.21 per cent year-on-year (Y-o-Y) to Rs 1,01,9... |
| 02.04.2024 | Lip service, broke every barrier: SC pulls up Ramdev in misleading ad case | The Supreme Court on Tuesday termed as “lip service” the apology tendered by Baba Ramdev and Patanjali Ayurved Managing Director Acharya Balkrishna in connection with the contempt notice issued to them for flouting its directions in the mis... |
| 21.03.2024 | Banks to remain open on March 31 despite Easter Sunday: Here's why | The Reserve Bank of India (RBI) has announced that all agency banks involved in government transactions will remain open on March 31, 2024. This decision coincides with Easter Sunday, a significant celebration for the Christian community. H... |
| 15.03.2024 | RBI holds overnight VRRR auction to suck out banking system liquidity | The Reserve Bank of India (RBI) on Thursday conducted an overnight variable rate reverse repo (VRRR) auction as banking system liquidity improved owing to government spending.
The weighted average money market rate fell to 6.32 per cent, de... |
| 15.03.2024 | Re-directing aggrieved customers to alternate grievance machinery not desirable: RBI Governor | Re-directing aggrieved customers to the alternate grievance machinery of the Reserve Bank of India (RBI) ombudsman is not desirable, Governor Shaktikanta Das told regulated entities (REs) on Friday.
He emphasised that regulated entities (Ba... |
| 14.03.2024 | Stocks to Watch, March 14: RIL, Gopal Snacks, TaMo, Federal Bank, HAL, KEC | Stocks to Watch on Thursday, March 14: Indian equity markets may look to stabilise on Thursday after a massive carnage a day before, that eroded Rs 13.5-trillion in investor wealth.
However, weekly F&O expiry, and global cues may keep t... |
| 14.03.2024 | RBI bars Federal, South Indian Bank from issuing co-branded credit cards | Following the directions by the Reserve Bank of India (RBI) on Tuesday, private sector lenders Federal Bank and South Indian Bank stopped issuing co-branded credit cards to new customers on account of regulatory deficiencies, according to e... |
| 23.03.2021 | South Indian Bank gets shareholders' nod for ₹240-cr preferential allotment to QIPs | Private sector South Indian Bank said shareholders of the bank on Tuesday approved raising equity capital of ₹240 crore through qualified institutional placement (QIP).
The shareholders of the bank at the extraordinary general meeting appro... |
| 22.01.2021 | Indian Bank gets board approval to raise Rs 4,000 cr from share sale | State-owned Indian Bank on Friday said the board has approved a proposal to raise up to Rs 4,000 crore from share sale to enhance capital base.
The board has approved "raising equity capital aggregating up to Rs 4,000 crore through Qua... |
| 27.01.2020 | South Indian Bank raises ₹500 crore through Tier-1 bonds | South Indian Bank has raised ₹500 crore by issuing Basel III-compliant AT 1 Bonds.
The bank issued 50,000 13.75% non-convertible, fully paid-up, unsecured, perpetual, Basel III-compliant Tier-1 bonds in the nature of debentures with an issu... |
| 16.01.2020 | South Indian Bank announces rise of 8% in Q3 net profit at Rs 90.54 cr | - |
| 07.11.2018 | Indian Bank raises Rs 110 crore through bonds | Indian Bank said on Wednesday that it has raised Rs 110 crore through bonds. The Basel III Compliant Tier 2 bonds, with a coupon rate of 8.85 per cent per annum, were raised on Tuesday. The bonds have tenor at 10 years and call option after... |
| 16.06.2018 | South Indian Bank mulls raising Rs 520 cr | Private sector South Indian Bank plans to raise up to Rs 520 crore through a mix of equity and debt instruments to meet its business needs.
The bank’s board will meet on July 11 and take up its fund raising agenda for the meeting.
Of the to... |
| 20.01.2018 | Indian Bank raises Rs 500 cr via tier-I bonds | State-run Indian Bank today said it has raised Rs 500 crore by issuing additional tier-I bonds.
“The bank has successfully raised Rs 500 crore under Basel-III compliant additional tier-I bonds on March 30, 2016 with a coupon of 11.15 per ce... |
| 18.01.2018 | Indian Bank raises ₹600 cr | Indian Bank has informed the stock exchanges that it has raised ₹600 crore under Basel III compliant Tier II Bonds on Thursday with a coupon of 8.10 per cent per annum, tenor of 10 years and call option after completion of five years, on pr... |
| 09.01.2018 | South Indian Bank raises ₹490 crore via Tier 2 Capital | South Indian Bank has announced the successful fund raising of ₹490 crore by way of private placement of Basel III compliant Tier 2 bonds.
Besides augmenting Tier 2 capital, this exercise would further strengthen the Capital Adequacy (CRAR)... |
| 09.01.2018 | South Indian Bank raises ₹490 cr via private placement | South Indian Bank has announced the successful fund raising of ₹490 crore by way of private placement of Basel-III compliant Tier-2 bonds.
Besides augmenting Tier-2 capital, this exercise would further strengthen the capital adequacy ratio ... |
| 19.03.2015 | ChrysCapital invests $8M in South Indian Bank | Private equity major ChrysCapital, which has been bullish on the financial services space over the past year, has made a new bet on the sector, picking a small stake in public listed private lender ... TO READ THE FULL STORY
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| 23.10.2014 | South Indian Bank nets ₹76 cr | The Thrissur-based South Indian Bank made a net profit of ₹76.30 crore in the second quarter of the 2014-15 financial year, down from the first quarter profits. The net profit for Q1 fell because of the higher provisioning towards restructu... |
| 08.09.2012 | Multiples, Carlyle invest $41M in South Indian Bank QIP | Multiples Alternate Asset Management has picked up over 5 per cent stake in the recently closed qualified institutional placement (QIP) of South Indian Bank, where the old generation bank has raised Rs 443 crore. The QIP has also seen parti... |
| 02.05.2011 | South Indian Bank raising Rs 1,000 cr for capex, NBFC plans | The Thrissur-headquartered South Indian Bank is planning to raise capital during the current fiscal to take care of its future requirement and also to start a non-banking finance company as a fully-owned subsidiary.
In a telephonic conversa... |
