South Indian Bank strengthens on introducing new deposit scheme - SIB 750

31 Jan 2013 Evaluate

South Indian Bank is currently trading at Rs. 27.05, up by 0.20 points or 0.74% from its previous closing of Rs. 26.85 on the BSE.

The scrip opened at Rs. 27.00 and has touched a high and low of Rs. 27.20 and Rs. 26.70 respectively. So far 196499 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 30.65 on 07-Jan-2013 and a 52 week low of Rs. 20.10 on 31-Aug-2012.

Last one week high and low of the scrip stood at Rs. 28.30 and Rs. 26.40 respectively. The current market cap of the company is Rs. 3581.07 crore.

The Institutions and Non-Institutions held 56.63% and 43.37% stake in the bank, respectively.

South Indian Bank has launched new deposit scheme - SIB 750 by film star Mammootty, the bank’s brand ambassador. The bank has introduced this new deposit scheme to commemorate the 750th branch opening. The SIB 750 assures interest rates of up to 10.10%, as a limited period deposit scheme.

One of the earliest banks in South India has inaugurated its 750th Branch and 787th ATM at Pallikkara in Ernakulam District. SIB Travel Card, another innovative offering from the bank was also launched at the function.

The bank has reported 25.44% rise in its net profit at Rs 128.25 crore for the quarter as compared to Rs 102.24 crore for the same quarter in the previous year. Total income of the bank has increased by 18.98% at Rs 1193.91 crore for quarter under review as compared to Rs 1003.47crore for the quarter ended December 31, 2011.

South Indian Bank Share Price

25.28 -0.19 (-0.75%)
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