| South Indian Bank | | | | OVERVIEW | 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
- FIRST among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act.
- FIRST bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992.
- FIRST private sector bank to open a NRI branch in November 1992.
- FIRST among the Kerala based banks to offer a Credit Card to customers in November 1992.
- FIRST bank in the private sector to start an Industrial Finance Branch in March 1993.
- FIRST among the private sector banks in Kerala to open an "Overseas Branch" to cater exclusively to the export and import business in June 1993..
- FIRST bank in Kerala to develop an in-house, a fully integrated branch automation software in addition to the in-house partial automation solution operational since 1992.
Presently, South Indian Bank has a network of 450 branches and 45 Extension Counters spread over 19 States/UT.
| | ADDRESS | | South Indian Bank Ltd.
T.B Road,
Mission Quarters,
Thrissur 680 001
Tele : 2420020, 2420058, 2420113 2429333 (Secretarial Dept)
Email: sib@vsnl.com | | WEBSITE | | http://www.southindianbank.com |
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