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South India Bank Review

South India bank headquartered in kerala has strong tag line of “Experience next generation Banking”. The Banks main vision is to build a brand name in terms of technology, customer satisfaction and the most preferred bank. It believes in terms of innovation, commitment and acquiring the customer loyalty. Among the banks in kerala South India Bank is the most preferred and the fast growing banks. It achieved highest profits among the peer banks in kerala.

As mentioned above the bank has fully focused mainly on innovation and customer satisfaction through which the bank was awarded a special award of Excellency in the banking technology from IDBRT – the technical wing of the RBI. This award mainly focused on the security policies and information systems in which the bank had par excellence with the other banks.

An innovative step taken by the bank to enlighten the young students about the economic issues and the general knowledge is setting up a forum known as SIB student’s Economic forum. These forums discuss one theme every month in their meeting and are successful in receiving acclaim from the bankers, economists and the students.

Taking into consideration about the bank financial results the bank has net profits of Rs 56.11 cr compared with the previous year having net profits of Rs35.6 Cr as given the Bank. This indicates the strength of the bank and the faith of people with the bank. The survey conducted on the Indian banks during the financial crises in the month of September – October 2008 South India Bank emerged as best performer bank in terms of asset quality. The bank has also been rated as the best “TOP NPA Manager.

Now If you are in kerala and looking to save your hard earned money , deposit money for good interest rate or planning to take home loan or student loan your search ends here. This bank has got all the necessary policies which attract the customers.

Happy Banking!!