South Indian Bank Ltd was established by a band of enterprising men at a time when Swadeshi movement was gathering momentum. The Bank was established in Thrissur a major town in the erstwhile State of Cochin. The objective behind establishment of the Bank was to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy moneylenders on the other by providing need based credit at reasonable rates of interest.
ICICI Bank Ltd, is the biggest shareholder of the South Indian Bank holding 11.25% of the bank's equity.
South Indian Bank has several firsts to its credit