South Indian Bank reports Q2 net loss on higher bad loans


Kerala-based South Indian Bank (SIB) posted a net loss of Rs 187.06 crore during the second quarter (Q2) of the current financial year, as against a net profit of Rs 65.09 crore during the corresponding period of the previous year due to higher bad loans.


The bank declared an operating profit of Rs 111.91 crore for the Q2 FY 22 as against Rs 390.94 crore for the Q2 FY21. Murali Ramakrishnan, managing director and chief executive officer of the Bank, while announcing the results stated that the prevailing COVID Pandemic scenario in the country, impacted the growth in the Business and Personal loan segment. However, the Bank could register reasonable growth in the desired segments like well rated Corporates and Gold Loan portfolios during the period.


As per the recent RBI direction, provision for depreciation on investments amounting to Rs 175.56 crores for Q2 FY 22 has been shown under “other income” in the profit and loss account, which was originally classified under “provisions and contingencies”. Further, amounts recovered from written off accounts were reclassified under “provisions and contingencies” against previous year classification under “other income”. Excluding these amendments operating profit would have been Rs 346 crore.


The GNPA for the Bank improved by 137 bps to 6.65 per cent as at September 30, 2021 compared to 8.02 per cent as at June 30, 2021. CASA ratio for the Bank improved to 30.8 per cent as at September 30, 2021 compared to 27.8 per cent as at September.


During this quarter the Bank could improve the Provision Coverage Ratio to 65.02 per cent as on as against 60.11 per cent during the same time last fiscal. The Capital Adequacy Ratio of the Bank stands at 15.74 per cent as on September 30, 2021.


Murali added that the Bank has seen major shifts over the last one year in the key functional areas including major strides in digital banking, setting up vertical asset structure, revamping branch structure to bring efficiencies, developing new business sourcing channels, strengthening data science capabilities, employee engagement and motivation and robust recovery mechanism.

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South Indian Bank Q1 net profit plunges 87%


Private sector South Indian Bank (SIB) on Thursday reported an 87.4 per cent year-on-year decline in net profit to Rs 10.31 crore for the June quarter as interest income fell while proportion of bad assets soared.


The bank had posted a net profit of Rs 81.65 crore in the same quarter of the previous fiscal year 2020-21. However, there was a rise sequentially as net profit during January-March 2021 stood at Rs 6.79 crore.Total income during Q1 FY22 came down to Rs 2,086.47 crore from Rs 2,171.86 crore in Q1 FY21, the bank said in a regulatory filing.


Interest income fell to Rs 1,633.39 crore from Rs 1,886.88 crore. Likewise, the income on investments and from other sources also dropped during the reported quarter.Its proportion of bad assets grew significantly, with the gross non-performing assets (NPAs) or bad loans jumping to 8.02 per cent of the gross advances as of June 30, 2021, as against 4.93 per cent in the year-ago period.


In value terms, the gross NPAs increased to Rs 4,677.12 crore from Rs 3,245.44 crore.Net NPAs also rose to 5.05 per cent (Rs 2,854.64 crore) from 3.09 per cent (Rs 1,992.86 crore).Provisions for bad loans and contingencies were raised to Rs 497.97 crore for the June quarter of FY22 as against 293.08 crore for the year-ago period.


Further, the lender said it has incorporated a wholly-owned non-financial subsidiary 'SIB Operations and Services Ltd' on May 28, 2021. It has not yet commenced business, it added.

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South Indian Bank back in black on lower provisioning


South Indian Bank on Friday reported a net profit of Rs 6.79 crore for the fourth quarter of FY21, against a loss of Rs 143.69 crore in the year-ago period, largely because of lower provisioning for bad loans. Provisions and contingencies for the fourth quarter stood at Rs 412.29 crore, compared with Rs 723.80 crore in the corresponding period of FY20 and Rs 499.48 crore in Q3 of FY21.


The Thrissur based lender had reported a net loss of Rs 91.62 crore during the third quarter of FY21. For the whole FY21, the bank has reported a net profit of Rs 61.91 crore, against Rs 104.59 crore in FY20.


The asset quality deteriorated, with GNPA ratio seen at 6.97%, compared to 4.90% in the preceding quarter and 4.98% in the year-ago period. Net NPA ratio for Q4 was at 4.71%, against 2.1% in Q3 and 3.34% in Q4 of FY20.


The provision coverage ratio improved from 54.22% to 58.73% on a year-on-year (y-o-y) basis.


Murali Ramakrishnan, MD & CEO, said the bank has been able to meet the targeted levels of recovery or upgrades which have helped in containing the GNPA level despite higher slippages during the year on account of Covid.


He added that the lower quarterly profit was mainly on account of credit cost on the fresh slippages during the fourth quarter, as a result of additional stress in the economy due to the pandemic.


The capital adequacy ratio stood at 15.42% as on March 31, 2021. The lender raised Rs 240 crore during the quarter which strengthened the common equity.


Total deposit base at the end of the March quarter is seen higher by 9% y-o-y at Rs 69,827 crore, while advances declined by 9% to Rs 59,418 crore.

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South Indian Bank Q2 profit falls 23%


South Indian Bank (SIB)
on Thursday reported a 23% year-on-year decline in its net profit for the second quarter at Rs 65.09, mainly on additional provisioning. The Kerala-based lender had reported a net profit of Rs 84.48 crore in the year-ago period.

SIB has increased its provisioning for bad loans to Rs 326 crore from Rs 320 crore as of September-end last year. Operating profit for the second quarter has grown from Rs 411.45 crore to Rs 413.97 crore.

Gross NPA of the bank stands at 4.87% as against 4.92% last year and net NPA improved to 2.59% as against 3.48% in the year-ago period.

Murali Ramakrishnan, who had recently taken charge as MD & CEO of the bank, while announcing the results, mentioned that despite reduction in profit from treasury segment, the bank could register a net profit of Rs 65.09 crore for the quarter, mainly on account of the higher net interest income due to reduction in the cost of deposits and improved recoveries.

The net interest income improved from Rs 584.30 crore to Rs 663.11 crore during the quarter, registering a growth of 13% year-on-year. Net interest margin improved from 2.61% to 2.78%.

Ramakrishnan said that despite the Covid-19 pandemic scenario in the country, the bank could register a reasonable growth. He added that the bank has also been able to meet the targeted levels of recovery which has helped in containing the GNPA level. The provision coverage ratio of the bank has improved markedly to 65.21% from 48.07% year-on-year.

The capital adequacy ratio of the bank stands at 13.94% as on September 30, 2020. The bank has also taken approval from the shareholders for raising the equity capital during the financial year for an amount not exceeding Rs 750 crore, bank sources said.

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South Indian Bank Q1 results: Reports net profit

South Indian Bank on Wednesday reported a 11 per cent rise in net profit at Rs 82 crore in June quarter of the current fiscal year.

The private sector lender had posted a net profit of Rs 73 crore in the corresponding quarter of fiscal year 2019-20.

Total income during the quarter under review rose 22 per cent to Rs 872 crore as against Rs 718 crore in the year-ago period, the bank said in a regulatory filing.

Interest income grew 10 per cent to Rs 587 crore from Rs 536 crore in the year-ago quarter.

Gross non-performing assets (NPAs) remained stable at 4.93 per cent of the gross advances at the end of June quarter as against 4.96 per cent a year ago.

Net NPAs declined to 3.09 per cent from 3.41 per cent a year ago.

Total deposits rose 8 per cent to Rs 82,469 crore during the quarter from Rs 76,544 crore, the bank said in an investor presentation.

Total CASA (current and savings account) deposits grew 12 per cent to Rs 22,179 crore as on June 30, 2020.

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South Indian Bank Q3 profit up 8%


Private sector lender South Indian Bank on Thursday posted a 7.9 per cent rise in net profit to Rs 90.54 crore for the third quarter ended December 31.

The bank had recorded a net profit of Rs 83.85 crore in the corresponding period of the previous financial year.

Total income of the lender improved to Rs 2,187.73 crore during the quarter under review, as against Rs 1,921.93 crore in the year-ago period, South Indian Bank said in a regulatory filing.

Gross non-performing assets (NPAs) rose to 4.96 per cent of the total advances, compared to 4.88 per cent at the end of the third quarter of previous fiscal.

However, net NPAs declined to 3.44 per cent in October-December 2019 from 3.54 per cent a year ago.
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South Indian Bank Q2 profit up


South Indian Bank reported a 20.5 percent year-on-year (YoY) rise in net profit at Rs 84.48 crore in the second quarter of FY20 against a net profit of Rs 70.13 crore in the July-September quarter a year ago.

The bank's net interest income (NII) grew 15.37 percent YoY while other incomes rose 57.9 percent. The operating profit improved 32.82 percent YoY during the September quarter to Rs 411.45 crore.

However, Gross NPAs increased to 4.92 percent from 4.61 percent at the end of the September quarter while the net NPA stood at 3.48 percent against 3.16 percent in the year-ago period.

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South Indian Bank Q1 profit rises to 3-fold


Improved performance in treasury and credit areas has enabled Kerala-based South Indian Bank to improve its operating profit as well as net profit in the first quarter of the current fiscal.

The bank has achieved a net profit of ₹73.26 crore in Q1 of FY19, against ₹23.04 crore during the corresponding period of the previous year. The bank’s operating profit has also grown to ₹317.63 crore from ₹269.64 crore.

Net interest income registered a growth of 8.38 per cent and other income registered a growth of 24.68 per cent. Gross NPA was stable, with a rise of only four basis points.

According to VG Mathew, Managing Director and CEO, the growth in MSME, Retail and Agriculture advances is in line with the focus. The bank has been able to contain slippages within the guidance of ₹250 crore accretion in NPA per quarter. The bank has also been able to meet the targeted levels of recovery/upgrades, which helped contain the GNPA and NNPA. The provision coverage ratio has improved to 45 per cent from 39 per cent a year ago.

He added that the retail strategy has strengthened its balance sheet. The retail portfolio has grown at 25.46 per cent, and already accounts for 30 per cent of the loan book.

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South Indian Bank Recruitment for Probationary Clerks & Probationary Officer Posts 2019



South Indian Bank has published Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.


Posts:
Probationary Officer Scale: 160 Post
Probationary Clerk: 385 Post

Total No. of Posts: 545

Educational Qualification: Candidates having their 10th, 12th Graduation Degree with Minimum 60% marks under Regular course from a recognized university/Institute will be considered for this Recruitment.

Pay Scale: 
Clerk: Rs. 11775/- to Rs. 31540/-
PO: Rs.23,700/- to Rs. 42020/-

Age Limit: (As on 31/December/2017)
Clerk: Candidates sharing their DOB between 01/July/1993 to 30/June/2000 will be eligible for this recruitment
PO: Candidates sharing their DOB between 01/July/1994 to 30/June/2000 will be eligible for this recruitment

Age relaxation (Upper Age Limit):  SC/ST-05 Years

Application Fees
Clerk
General/OBC- Rs.600/-
SC/ST – Rs. 150/-

Probationary Officer
General/OBC- Rs.800/-
SC/ST – Rs. 200/-

Payment will be made by Credit card/Debit card/Net Banking

Selection Process: Candidates will be selected based on  Online Test and Personal Interview.

How to Apply: Interested Candidates may Apply Online Through official Website.





Official Website: Click Here

Important Dates:
Starting Date of Online Application: 19-06-2019
Last Date to Apply Online: 30-06-2019
Last date for printing your application: 15-07-2019
Online Test Date:
Probationary Clerk: 26-07-2019
Probationary Officer: 25-07-2019


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South Indian Bank Recruitment of Managers for IT, Credit, Forex Posts 2019


South Indian Bank has published Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Posts:

  • Officers / Executives for Credit: 10
    • Age Limit: 40 / 45 years
    • Pay Cadre: Scale IV / Scale V
  • Manager (IT) / Senior Manager (IT): 14
    • Age Limit: 40 years
    • Pay Cadre: Scale II / Scale III
  • Officers / Executives for Forex / Treasury: 05
    • Age Limit: 50 / 45 / 40 / 35 years
    • Pay Cadre:Scale VI / Scale V / Scale IV / Scale III

Total No. of Posts: 29


Educational Qualification

  • Officers / Executives for Credit: (1) Minimum 60%  in B.Sc/ M.Sc in Agriculture/ equivalent PG courses in Agribusiness (OR) Minimum 60% in MBA (Finance/ Banking) OR Chartered Accountant. (2) Minimum 10 Years experience in Banking Industry.
  • Manager (IT) / Senior Manager (IT): (1) Minimum 60% in B.Tech/B.E (CS/ IT/ EC/ EEE/ AEI) (OR) Minimum 60% in MCA/ M.Sc (IT/ CS). (2) 02-04 years experience.
  • Officers / Executives for Forex / Treasury: (1) Graduation in any discipline. (2) Minimum 15 / 08 / 04 / 03 years Work Experience as a Forex/ Domestic Dealer in any commercial Bank/ Reputed Financial Institution/ Corporate.



Application Fee: Rs. 800/- excluding GST and other applicable charges.


Selection Process: Candidates will be selected based on an interview.


Important Dates:  Last Date to Apply Online: 18-05-2019



How to Apply: Interested Candidates may Apply Online Through official Website.

Credit Notification : Click Here

IT Notification: Click Here


Forex / Treasury: Click Here

Apply Online: Click Here
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South Indian Bank Q4 net profit falls 38%

The net profit of South Indian Bank fell 38 per cent in Q4 of FY19 at Rs.70.51 crore, against Rs.114.10 crore in the corresponding period of the previous fiscal on higher loan-loss provisions.
However, the operating profit in Q4 grew 16 per cent to Rs.328 crore from Rs.311 crore, which is a healthy sign for the bank, said VG Mathew, MD and CEO.
The clean-up of the large corporate book, which has been going on for the last four years, has come to an end.
Even in the current quarter, non-corporate NPAs are only Rs.250 crore, despite a sharp spike in agri NPAs (Rs.100 crore).
On agri NPAs, he said there has been some delay in payments because of certain customer expectations with regard to debt-waiver schemes and concessions.
The bank has a corporate NPA of Rs.114 crore due to the failure of a borrower (a Kerala-based medical college) to get approval renewed from the regulatory authority.
The bank showed strong recovery performance during the year and achieved the targeted level of Rs.500 crore.
On credit-growth prospects, Mathew said the bank is targeting 20 per cent growth, for which everything was in place. The retail portfolio accounts for 29 per cent of the loan book, which takes the bank closer to the stated objective of becoming a retail banking powerhouse.
Over the last four years, the bank has stayed away from various stressed sectors.
“With the legacy problem of the large corporate sector under control and with strong growth in the retail and MSME sectors, we are on the threshold of a period of a stable and risk-controlled growth and expansion,” he added.
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South Indian Bank's Q3 net profit down 27%

The elevated provisions for NPAs have dragged down the net profit of the private sector lender South Indian Bank  in the third quarter of FY19. The bank posted a 27% drop in PAT at Rs.83.85 crore vis-a-vis Rs.115 crore in the corresponding period of the previous fiscal.
However, the operating profit is marginally better than last year at Rs.332 crore compared to Rs.330 crore during Q3 of FY 18.
VG Mathew, MD & CEO, said that the bank has reckoned IL&FS exposure of Rs.400 crore as NPA during the current quarter with a 15 per cent provision which dragged down the PAT. With this, SIB has finally come out of the stress in its large corporate portfolio which had been a major challenge during the last four years. The bank, he said, is now firmly on its path of business expansion driven by retail, MSME, agriculture and mid-corporate segments.

The other income increased by Rs.28 crore to Rs.187 crore and the business increased by Rs.17,171 crore to Rs.1,37,729 crore, achieving a growth of 14.24 per cent.
The deposits increased by Rs.9,556 crore to Rs.77,665 crore and CASA increased by Rs.1,976 crore to Rs.18,905 crore. CASA now stands at 24.34 per cent of total deposits. The NRI deposits showed a healthy growth with the NRI deposit accounting for 27.01 per cent of total deposits. The recently opened Representative Office in Dubai is helping the bank to consolidate the NRI base.
The advances increased by Rs.7,615 crore to Rs. 60,064 crore.
The Capital Adequacy Ratio stands at 11.81 per cent as on December 31, 2018.
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South Indian Bank Q2 profit surges 16-fold

South Indian Bank has announced Q2 FY19 results with a quarterly net profit of 70.13 crore against 4.32 crore in the corresponding period of the previous fiscal.

Expressing satisfaction on the overall business performance, VG Mathew, Managing Director and CEO, told reporters that a clear shift of focus to retail, agriculture and MSME, has consistently started delivering improvement in the bank’s performance.
The lender’s asset quality remained stable with only a minor decline to 4.61 per cent from 4.54 per cent. Its net NPA improved to 3.16 per cent in September from 3.27 per cent in June, and business increased by 15,465 crore to 1,32,324 crore, registering a 13 per cent growth.
Deposits increased by 7,769 crore to 74,911 crore, posting a growth of 11.57 per cent. CASA increased by 1,903 crore to 18,388 crore, and it now stands at 24.55 per cent of total deposits. NRI deposits showed a healthy growth of 14.43 per cent with deposits accounting for 27.27 per cent of total deposits.
Advances increased by 7,696 crore to 57,413 crore, registering a credit growth of 15.48 per cent. Growth drivers continue to be retail, agriculture and MSME sectors. The bank’s capital adequacy ratio stands at 12.11 per cent as on September 30.

Mathew said the bank is targeting a 20 per cent growth in agriculture advances as five regions across South India – Hyderabad, Chennai, Madurai, Coimbatore and Bengaluru – have been contributing significantly to its agri-loan portfolio. Growth in this segment in Q2 was almost 8 per cent.
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South Indian Bank Q1 net profit declines 77.30%

South Indian Bank has posted a decline in its net profit in Q1 of FY19 at Rs. 23.04 crore against Rs. 101.47 crore in the corresponding period of the previous fiscal.
The major reason for the decline in profit was the substantial reduction in Treasury Trading profit by Rs.73 crore and incremental MTM provision in the Treasury Book to the tune of Rs.41 crore due to adverse market conditions, besides incremental one time employee cost of Rs.33 crore due to increase in gratuity ceiling and wage revision. But for the impact of these items, the net profit would have been Rs.119 crore for Q1.
According to V G Mathew, MD & CEO, the bank is continuing its focus on retail and MSME advances. Retail advances have grown by 27 per cent and MSME advances have grown by 21 per cent. The bank is also vigorously pursuing the asset quality issues pertaining to corporate sector. As a result of this, the gross and net NPA levels have shown an increase by 93 bps and 73 bps respectively.

Sequentially the bank’s low cost deposit has grown by 4 per cent in Q1 of current financial year. Non Resident CASA also has shown a growth of 5 per cent on a quarter to quarter basis, he said.
The overall business performance is in line with the guidance with a clear shift of focus to retail, MSME and agriculture. The gross business increased by Rs.15,689 crore to Rs.1,28,652 crore. The deposits increased by Rs.6,697 crore to Rs.72,488 crore. CASA increased by Rs.1,297 crore to Rs.17,883 crore and advances increased by Rs.9,172 crore to Rs.56,164 crore.
The Capital Adequacy Ratio stands at 12.23 per cent as on June 30.
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South Indian Bank Recruitment for Probationary Officers (PGDBF) 2018

The South Indian Bank Ltd., A Premier Commercial Bank in India, is inviting online applications from Indian Nationals for Recruitment of Probationary Officers In Scale-I Cadre on successful completion of Post Graduate Diploma in Banking & Finance (PGDBF) Course.. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.



Posts: Probationary Officers (Scale I)


Name of the Course: Post Graduate Diploma in Banking & Finance (PGDBF) Course


Total No. of Vacancies: 100


Educational Qualification: X/ SSLC, XII/ HSC & Graduation with minimum 60 % marks under regular course.


Job Profile :

  • The selected candidates can be posted in any roles/ profiles at any branches /offices/ departments as per the sole discretion and requirements of the Bank from time to time.
  • The job role/ profile include branch banking, credit, business development, marketing, forex, treasury , central processing centres etc.



Age Limit:

  • Less than 25 years as on 31.12.2017. Candidate should be born not earlier than 01.01.1993 and not later than 31.12.1998 (both days inclusive).
  • Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.

Application Fee :
  • General : Rs. 800/-
  • SC / ST Category : Rs. 200/-

How to Apply: Interested Candidates may Apply Online Through official Website.
Advertisement: Click Here

Apply Online: Click Here


Important Dates:
Starting Date of Online Application: 20-06-2018
Last Date to Apply Online: 27-06-2018
Date of Online Test : 7th July 2018
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South Indian Bank Recruitment for Probationary Officers (PO) Posts 2018


South Indian Bank has published Advertisement for below mentioned Posts 2018. South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala. The number of vacancies is provisional and may vary according to the actual requirements of the Bank/future contingencies.

Posts: Probationary Officers- Scale I

Total No. of Posts: 150
The number of vacancies is provisional and may vary according to the actual requirements of the Bank/ future contingencies.


Educational Qualification as on 31.12.2017: X/ SSLC, XII/ HSC & Graduation with minimum 60 % marks under regular course.

Age Limit: Less than 25 years as on 31.12.2017. Candidate should be born not earlier than 01.01.1993 and not later than 31.12.1998 (both days inclusive).
Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.

Probation Period: The period of probation is 2 years. Confirmation will be subject to satisfactory performance during probation.

Posting Location: Posting Location can be anywhere in India at the sole discretion of the Bank. Candidates may also note that the vacancies are predominantly outside South India and therefore appropriate language skills will be an added advantage.

Salary: IBA approved pay scale of Rs. 23700– 980/7 – 30560- 1145/2 – 32850- 1310/7 - 42020 plus DA, HRA & other allowances. Eligible for performance linked incentive applicable to Scale I officers as per the scheme in vogue.


Selection Process: Online Test, Group Discussion, and Personal Interview. The initial Shortlisting will be done based on the online test marks. Final Selection will be based on the consolidated marks obtained for the online test, GD and Personal Interview. Bank reserves the right to make required modifications in the selection process considering the number of applications for the post.

Important Dates:
Starting Date of Online Application: 16-05-2018
Last Date to Apply Online: 25-05-2018

Online Test: Tentative June 2018

How to Apply: Interested Candidates may Apply Online Through official Website.


Apply Online: Click Here


For more details: Click Here

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South Indian Bank Q4 profit jumps 51%

South Indian Bank on Monday reported a jump of 51% in net profit at Rs114.10 crore for March quarter on healthy interest income and less provisioning for bad loans.
The bank’s net profit during January-March, 2016-17 stood at Rs75.54 crore. Income during March quarter of 2017-18 rose to Rs1,767.65 crore as against Rs1,608.42 crore in the year-ago period, the bank said in a regulatory filing.

Interest income was higher by 8% to Rs1,588.98 crore from Rs1,470.71 crore earlier. Even as the lender’s bad assets were on the rise, its provisioning for bad loans and contingencies in the reported quarter was reduced to Rs148.63 crore as against Rs165.30 crore in the year-ago period.
On asset front, the gross non-performing assets (NPAs) rose to 3.59% of the gross advances as on 31 March 2018 from 2.45% as on March-end 2017.
In absolute terms, the gross NPAs were valued at Rs1,980.30 crore by end of 2017-18 from Rs1,149.01 crore a year ago. Net NPAs also increased to 2.60% (Rs1,415.80 crore) from 1.45% (Rs674.56 crore).
Meanwhile, the bank’s board recommended a dividend of Rs0.40 per equity share or 40% for 2017-18. For the entire fiscal, the net profit however fell 15% to Rs334.89 crore from Rs392.50 crore in 2016-17. Total income during the year was higher at Rs7,030.06 crore, compared with Rs6,562.64 crore in 2016-17.
The provisioning coverage for bad loans and contingencies for the year was also higher at Rs980.90 crore against Rs614.37 crore a year ago. The private sector lender said it identified certain irregularities in the nature of fraud at one of the branches and the loss is determined at Rs25.02 crore (earlier Rs28.50 crore).
On divergence in asset classification and provisioning for NPAs for 2016-17, the bank said the gap with respect to gross NPAs was Rs8.39 crore. While for net NPAs, the divergence came in at negative Rs15.13 crore.

Taking into account the divergence in provisioning of Rs137.98 crore for the fiscal, the adjusted net profit for 2016-17 was reduced to Rs293.91 crore from Rs392.50 crore reported earlier. “The bank has duly considered the impact of the divergences...One account classified as NPA by the regulator stands upgraded to standard category upon regularisation of irregularity in that account,” the lender said.
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South Indian Bank Recruitment for Various Officers Level Posts 2018


South Indian Bank has published Advertisement for below mentioned Posts 2018. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

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South Indian Bank Q3 result,net profit rises 3.2%

South Indian Bank on Tuesday reported a 3.25% marginal rise in net profit for its December quarter as it provided less provisions for bad loans.
Net profit for the quarter was Rs115 crore against Rs111.38 crore a year ago. In the September quarter, its profit plummeted over 96% due to a 120% jump in its provisions.
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South Indian Bank Recruitment for Probationary Clerks Posts 2018


South Indian Bank Limited Recruitment of Probationary Clerks 2017-2018 Notification has been published. South Indian Bank (A Scheduled Bank), Thrissur, Kerala  has published Advertisement for below mentioned Posts 2017-18. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

Posts: Probationary Clerks

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