Quick Answer: What is the future of South Indian Bank?

South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.

Is South Indian Bank a good buy?

Analysts appreciated that the bank has been successful in bringing bulk deposits down by 52 per cent YoY and has also improved the CASA ratio to 30.4 per cent compared with 29.7 per cent in the March quarter and 26.9 per cent in the year-ago period.

Is South Indian Bank share a good buy in 2021?

As on 24th Feb 2022 SOUTHBANK Share Price closed @ 7.70 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 9.79 & Strong Sell for SHORT-TERM with Stoploss of 8.89 we also expect STOCK to react on Following IMPORTANT LEVELS.

Is South Indian Bank safe?

Are my deposits in banks safe? Yes, of course. They are quite safe. Thanks to strong regulation and supervision by Reserve Bank of India and system of internal control of banks, they are well capitalized, well managed and effectively regulated.

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Can South Indian Bank be a multibagger?

Long term targets of South Indian bank are 25rs+ but if the performance of the bank wills improve then south Indian bank may give multibagger returns in the coming years.

How strong is South Indian Bank?

Delhi: South Indian Bank was awarded ‘Best MSME Bank’ among Private Sector banks, by Associated Chambers of Commerce and Industry of India (ASSOCHAM). The award was bestowed on SIB in connection with the ‘7th MSMEs National Excellence Awards -2019’ by ASSOCHAM.

Is South Indian Bank share good for long term?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The South Indian Bank Ltd is likely to Fall in the short term.

Can I buy South Indian Bank shares?

You can easily buy South Indian Bank shares in Groww by creating a demat account and getting the KYC documents verified online.

What is future of IDEA share?

As on 24th Feb 2022 IDEA Share Price closed @ 9.65 and we RECOMMEND Sell for LONG-TERM with Stoploss of 10.09 & Strong Sell for SHORT-TERM with Stoploss of 12.81 we also expect STOCK to react on Following IMPORTANT LEVELS.

Who is the owner of South Indian Bank?

South Indian Bank

South Indian Bank Head Office
Industry Banking Financial services
Founded 29 January 1929
Headquarters Thrissur, Kerala, India
Key people Salim Gangadharan (Chairman) Murali Ramakrishnan (MD & CEO)

Why is South Indian Bank in loss?

Private sector lender South Indian Bank reported Rs 50.3 crore net loss in the December quarter, owing to fall in both interest income and other income while its asset quality deteriorated sharply. The loss was however 45 per cent less compared to the year ago period’s loss of Rs 91.6 crore.

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Which is best bank in India?

Top 10 Banks in India

  • HDFC Bank.
  • State Bank of India.
  • ICICI Bank.
  • Axis Bank.
  • Kotak Mahindra Bank.
  • IndusInd Bank.
  • Yes Bank.
  • Punjab National Bank.

Is South Indian Bank undervalued?

South Indian Bank is one bank that continues to be undervalued and is available at a p/e of only 7 times one year forward earnings. The shares are also available with a dividend of 2.53 per cent. This makes the bank a good pick at the current levels.

Is South Indian Bank merged?

South Indian Bank (SIB) has set a three-year deadline to acquire or merge with another private bank. “At SIB we intend to initiate the process of M&A next fiscal and the target is to complete the process within the next three years “” 2008,” explained A Setumadhavan, chairman and chief executive officer, SIB.

Should I buy Indian bank shares?

Investment Rationale

Valuations remain reasonable post the recent marketwide correction. Hence, it retains Buy with a revised TP of Rs220 (0.7x Dec’23E ABV) from earlier Rs235. Key risks: slow growth/higher NPAs in the SME segment due to a fresh Covid wave and delay in macro pick-up.