Is South Indian Bank Private?

Is South Indian Bank a scheduled bank?

One of the earliest banks in South India, “South Indian Bank” came into being during the Swadeshi movement.

The FIRST among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act.

The FIRST bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992..

Is South Indian Bank a multibagger?

Many retail investors are betting on South Indian Bank to become the next multibagger in Banking sector. … However, during the same period the Bank Nifty index has performed really well and its has more than doubled, many bank stocks have returned 200% to 400% returns during the same period.

Which is the No 1 private bank in India?

Hemant SinghS.N.Bank NameMarket Capitalization (cr. Rs.) as on July 20161.HDFC Bank329,757.412.ICICI Bank158,503.493.Axis Bank151,877.774.Kotak Mahindra150,176.9611 more rows•Feb 23, 2018

What is wrong 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?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

What is the salary of South Indian Bank PO?

Rs. 23700South Indian Bank PO’s salary is Rs. 23700- 980/7 – 30560- 1145/2 – 32850- 1310/7 – 42021 plus Dearness Allowance, House Rent Allowance and other allowances. South Indian Bank PO Pay Scale is approved by Indian Banks Association (IBA).

Who is the owner of South Indian Bank?

Salim GangadharanSalim Gangadharan is the Chairman and Non-Executive Director of the Board of our Bank. Mr.

What is the best bank stock to buy?

The best bank stocks to buy for 2020.Citizens Financial Group (CFG)China Life Insurance (LFC)Universal Insurance Holdings (UVE)Berkshire Hathaway (BRK.B, BRK.A)JPMorgan Chase & Co. ( JPM)NMI Holdings (NMIH)Goldman Sachs Group (GS)Square (SQ)More items…•

Is South Indian bank safe?

Compared to the appropriate industry loan to deposit level of 90%, South Indian Bank’s ratio of over 72.91% is sensibly lower and within the safe margin, which places the bank in a relatively safe liquidity position given it has not excessively lent out its deposits and has maintained a suitable level for compliance.

What is the minimum balance in South Indian Bank?

South Indian Bank Minimum Balance RequirementSavings Account TypeAverage Monthly Balance RequirementSIB RubyRs.25,000SIB Elite Senior – SIB Mahila EliteUrban/Metro Branches: Rs.5,000 Semi-Urban/ Rural Branches: Rs.2,500Mahil Delight AccountUrban/Metro Branches: Rs.5,000 Semi-Urban/ Rural Branches: Rs.2,5008 more rows

Which is best shares to buy?

HOT STOCKS – BEST STOCKS TO BUY TODAYComapny nameCREATE DATE/TIMETARGET PRICEUPL1/16/2020 12:47 PMTarget 596-600Sun Pharma.Inds.1/16/2020 12:47 PMTarget 460-462Kotak Mah. Bank1/16/2020 12:47 PMTarget 1706-1710

Which bank is richest in India?

In India, the big four largest banks based on market capitalization and total assets are:State Bank of India.ICICI Bank.HDFC Bank.Axis Bank.

Is HDFC scheduled bank?

HDFC Bank commenced operations as a Scheduled Commercial Bank in January 1995.

Is HSBC a scheduled bank in India?

Scheduled Foreign Banks in India: AB Bank Ltd. Sonali Bank Ltd. Industrial & Commercial Bank of China Ltd. HSBC Ltd.