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South Indian Bank: Profile, Accomplishments, and Products, Lecture notes of Economics
An overview of South Indian Bank, including its financial profile, accomplishments, and various products and services offered. The bank's key financial metrics, such as operating income, total assets, number of employees, and revenue, are presented. The document also highlights the bank's history, board of directors, and accomplishments. Additionally, it covers the bank's business description, including its Internet banking service, credit cards, and various offerings. Products and services, such as personal banking, mutual funds, NRI banking, and corporate banking, are also discussed.
Typology: Lecture notes
2020/2021
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Experience Next Generation
Banking
P r o fi l e
- (^) Operating income: Rs 512.12 crore
- (^) Total assets: 74,312.15 crores INR
- (^) Number of employees: 7,677 as in 2017
- (^) Revenue: 6,562.64 crores INR as in 2017
- (^) Capital Ratio: 15.42% as of 31st March 2021
B o a r d o f D i r e c t o r s 1.Sri Salim Gangadharan Part time Chairman 2.Mr. Murali Ramakrishnan Managing Director and CEO 3.Sri Parayil George John Tharakan Director
- Sri. V. J. Kurian Director
- Sri. M George Korah Director
- Sri. Pradeep M Godbole Director
- Sri. Paul Antony Director
- Sri. R A Sankara Narayanan Director
A c c o m p l i s h m e n t s
- (^) Amid the private sector banks in Kerala, SIB is the first scheduled bank under the RBI Act, back in the year 1946.
- (^) the first-ever bank in the private sector that opened a Currency Chest in April 1992.
- (^) first private sector bank to open up an NRI branch in November
- (^) first bank that started the Industrial Finance Branch, in March 1993
- (^) opened up an "Overseas Branch" to contribute solely to the trading business, in June 1993
- the first Kerala-based bank to incorporate a Core Banking System in its schedules.
B u s i n e s s Description
- (^) The Internet banking service of SIB is named "SIBerNet" and serves as the technologically up-to-date aspect of the bank
- (^) Kiosk Banking Model
- (^) Credit Cards offered by SIB are possible in two types: - SimplySAVE Credit Card - Platinum Credit Card
- (^) Offers many products and services, including car loan, personal loan, etc.
- The business objective of the South Indian Bank by the year 2024 is highly reliable on the 6c's
P r o d u c t s a n d S e r v i c e s
- (^) Personal banking
- (^) Deposits, savings, loans, internet banking, demat services, credit card, debit card
- (^) Mutual funds
- (^) NRI Banking
- (^) Deposits, car loans, remittances, investment schemes, insurances
- (^) Corporate banking
- (^) Working capital finance, project finance, structured finance