South Indian Bank Ltd
NSE: SOUTHBANK BSE: 532218
₹55.85
+1.89 (3.50%)
Fri, 06 Nov 2026, 08:52 pm
Market Cap (in Cr)14149.39
PE Ratio9.25
Dividend0.83
Finance
Major Banks
24.5KSouth Indian Bank Ltd Company History
1929
- South Indian Bank was established at Trichur, Kerala State.
- The Bank transacts general banking business of every description.
- The bank was selected by RBI to open and operate a currency chest on its behalf.
1963
- The Bank took over the assets and liabilities of the Kshemavilasam Banking Co., Ltd., Trichur, and the Ambat Bank Private Ltd., Chittur, Cochin.
1964
- The Following banks were taken over: Public Bank, Ltd., Pudukad; Subarban Bank (P) Ltd., Trichur; Vijaya Lakshmi Bank (P) Ltd., N. Parur; Chalakudy Bank, Ltd., Chalakudy; Mukkattukara Catholic Bank, Ltd., Mukkattukara; Assyrian Charities Banking Co., Ltd., Trichur; Catholic Syrian Christian Bank, Ltd., Kanjany; Malabar Bank, Ltd., Trichur; Bharatha Union Bank, Ltd., Trichur; Kozhuvanal Bank, Ltd., Kozhuvanal.
1987
- 19,200 No. of equity shares issued at par.
- Arrears: Rs 42,375.
1988
- 42,000 No. of equity shares issued at par.
- Arrears: Rs 9,41,355.
1989
- 91,800 No. of equity shares issued at par.
- Arrears: Rs 12,95,978.
1990
- The Bank made an entry into merchant banking activities by supporting underwriting to 99 New Issues.
1992
- 75,26,140 No. of Equity shares issued equity shares subdivided.
1993
- The Bank extended underwriting support.
- 4,73,860 No. of equity shares issued.
1994
- The Bank extended underwriting support to 17 issue of Rs 459 lakhs.
- 37,00,000 No. of Equity shares issued.
1996
- The Bank did not underwrite any issue due to depressed and listless primary market.
- Bank acted as bankers for 12 issues as compared to 47 issues during the previous year.
2000
- Credit Rating and Information Services of India has downgraded the ratings assigned to the Bank to 'BBB-' from 'BBB+'.
2001
- The Bank has launched its comprehensive and centralised banking solution, Sibertech, which will run on Finacle platform provided by Infosys Technologies of Bangalore.
- The South Indian Bank one of the leading private sector banks in Kerala, has entered into new alliances with three exchange houses in the Gulf.
2002
- Ties up with insurance player for the distribution of the products of the insurance company.
- Sarvashri P M Manuel and Tony John Alaptt gave their resignations from the Board
- Changes in the Board: Sarvashri Jose Pottokaran and Thommy P Chakola, Directors give their resignation.
- Mr A S Narayana Moorthy has been co-opted as director on the Board.
- Mr. John Chakola has been co-opted as Director on the Board in place of Mr. Thommy P Chakola.
- Offers VRS named as 'The South Indian Bank Employees Voluntary Retirement Scheme - 2002' to all permanent eligible employees of the bank.
- Reduces the rate of interest on housing loans to 10.5% for loans upto Rs.10 lakh and 11% for loans exceeding Rs.10 lakh.
- Sets up an ATM in Kovai, which is its first online ATM outside its home, Kerala.
- Enters into a new rupee draft drawing agreement with Union Exchange of Co of Doha, Qatar.
2003
- The Board accepts the resignation of Mr P M Udhuppu, Director of the Bank.
- Launches its Internet Banking Facility, Sibernet, to provide better services for customers.
- Recovers Rs.4 crs from Coimbatore region recovery camp in the first 4 months of the current financial year.
- Enters into an agreement with master Card International to Launch Maestro, the global ATM - Debit card.
- Opens up three more branches with on-line ATM's at Chandigarh, Panchukula, Paschim Vihar.
- Ties up with leading private hospitals and nursing home throughout India in order to push its new introduced medical loan scheme under SIB Life line.
- Launches Financial assistance programme for medical treatment 'SIB Lifeline'
- SIB decides Rs 38-45 price band for rights issue
- Dr. V A Joseph has joined the Bank as Executive Director.
- Thrissur-based South Indian Bank unveiled its 401st branch at R.V. Centre, East Nada, Guruvayur.
- The South Indian Bank has introduced two products for fast and hassle-free transfer of money from abroad, in association with UAE Exchange Company Ltd and Wall Street Finance Ltd.
2004
- SIB introduces life insurance product
- SIB inks pact with Dubai exchange house
- South Indian Bank kicks off RTGS operations
- SIB partners with Al Razouki
2005
- South Indian Bank ties up with Bahrain Financing
2006
- Franklin Templeton inks pact with SIB
- SIB to roll out co-branded Citi credit card
2008
- The Company has issued Bonus Shares in the Ratio of 1:4.
2009
- South Indian Bank has signed an agreement with Life Insurance Corporation of India for the distribution of life insurance products.
- South Indian Bank has rolled out a savings bank product for women called 'SIB Mahila'.
2010
- The South Indian Bank has inked a MoU with the Hatton National Bank for the exchange of expertise and services.
- Company has splits its Face value of Shares from Rs 10 to Re 1
2011
- South Indian Bank exceeded the target of Rs 48,000 crore set for the year and tipped the revenues worth Rs 50,060 crore in the current fiscal year.
- South Indian Bank appoints merchant bankers for the purpose of managing its 400 million share sale to institutions.
2012
- South Indian Recommended a dividend of Re. 0.60 per equity share of face value of Re. 1/- each
- Dr. John Joseph has been appointed as additional Director of the Bank.
2013
- SIB bags The IBA Banking Technology Awards.
- Sunday Standard Best Bankers Awards.
- South Indian Bank Ltd has allotted 12,23,652 Equity Shares of face value Re. 1/-
- South Indian Bank Ltd has recommended a dividend of Re. 0.70 per equity share of face value of Re. 1/-.
2014
- South Indian Bank wins 'Best IT Team Award'-Banking Technology Excellence Award.
- South Indian Bank Ltd has recommended a dividend of Re. 0.80 per equity shares of face value of Re. 1/-.
2016
- South Indian Bank gets RBI nod to open representative office in Dubai.
2017
- The company issued rights shares of Rs. 1 in the ratio of 1:3 at a premium of Rs. 13 per share.
2020
- South Indian Bank wins Infosys Finacle Client Innovation Awards.
2021
- South Indian Bank bags UiPath Automation Excellence Awards 2021 for Best Automation under Crisis for Business Continuity.
- South Indian Bank partners with Rupeek for online gold loan services.
- South Indian Bank launches SIB OneCard Credit Card.
- South Indian Bank launches Video KYC Account Opening.
- South Indian Bank bags IBA awards in 4 categories.
2022
- South Indian Bank scores a six at the Indian Banking Association Awards, 2022
- South Indian Bank launches SIB Gen Next, an exclusive account to make your kids banking ready
- South Indian Bank introduces 'Remit Money Abroad' feature in SIB Mirror + App.
- South Indian Bank launches its first Digital Banking Unit in Thrissur, Kerala
- South Indian Bank sets a world record for Staging and swinging 101 'Oonjals'
2023
- South Indian Bank enters into an MOU with Maruti Suzuki for Dealer and Retail Car Financing.
- South Indian Bank wins the IBA Banking Technology Awards, 2023.
2024
- The company issued rights shares of Rs. 1 in the ratio of 1:4 at a premium of Rs. 21 per share.
- South Indian Bank wins IBA Technology Awards 2024.
