SOUTH INDIAN BANK

In the 10th “Financial Express” Awards for “India’s Best Banks” selected by the global management consultancy, ‘Ernest &Young’ , South Indian Bank (SIB) has emerged the winner in the traditional banks’ category.

South Indian Bank has increased interest rates on non-resident external (NRE) and foreign currency non-resident (FCNR) fixed deposits with effect from 01.07.09.

Mr.M.K.Abdullah ,one of the earliest NRI customers of the Bank and Chairman of the EMKE Group (which employs more than 20000 Indians in 25 countries)launched this premium S.B.account by issuing the First Diamond Account passbook to Mr. Edwin Tharakan

South Indian Bank (SIB) has opened its 495th CBS Branch in Rajasthan at Udaipur, which is one of India’s most celebrated tourist destinations

The main objective of the Project is to replace the non-institutional, usurious, exploitative rural credit mechanism of private lending with lending through Self-Help Groups (SHGs)and direct lending by the Bank .

South Indian Bank (SIB) has launched “SB : Privilege” , the value-added special savings account.

South Indian Bank has achieved an impressive growth in net profit for the third quarter of 2007-08.