South Indian Bank (SIB) was incorporated in 1908 by a group of enterprising men at Thrissur. One of the earliest banks in South India, South Indian Bank came into being during the Swadeshi movement. The bank started with an intention to induce the habit of savings in the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest.
With branches all over India and a clientele across the world, the bank is considered one of the most pro active banks in India with a competent tech savvy team of professional at the core of services.
It became the first private bank in Kerala to receive scheduled bank status in 1946 under the RBI Act.
SIBL was the first private sector bank to open a NRI branch in November 1992.
It became the first private bank in Kerala to open an 'Overseas Branch' to cater exclusively to the export and import business in June 1993.
Today, SBIL has a network of total 697 branches, 665 ATMs and 2 extension counters.
Products and services
Personal Banking-Under this bank offers wide range of personal banking products and services such as deposit, saving, loans, internet banking, mobile banking, demat services, credit card, debit card, etc.
The bank offers mutual funds products of various funds houses such as ICICI Prudential AMC, Franklin Templeton, TATA Mutual Fund, Sundaram BNP Paribas, UTI Mutual Funds, Reliance Mutual Funds, HSBC Investments, HDFC Mutual Fund, Fidelity Fund Management, Principal Mutual Funds, Fortis Investments, Birla Sun Life Asset Management Company and DSP BlackRock Mutual Funds.
NRI banking- SIB also caters its banking products and services to NRI customers such as deposit, car loans, remittances, investment schemes, insurance are amongst others.
Corporate banking- It provides wide range of products and services to corporates. SIB offers working capital finance, project finance, structured finance etc.
South Indian Bank bagged Special Award from IDRBT for Excellence in Banking Technology.
The bank received best “Asian Banking Web Site” award from Asian Banking & Finance Magazine
SIB bags The IBA Banking Technology Awards 2012-13
Sunday Standard Best Bankers -2013 Awards
2010-12South Indian Bank Bags Technology Excellence Award 2011-12 from IDRBTBest Bank Award to South Indian BankSouth Indian Bank Bagged The Best Web Site Award From KmaBusinessworld India’s Best Bank 2010 Award To South Indian BankSunday Standard Best Bankers -2013 Awards
South Indian Bank has won the Technology Excellence Award 2010 from IDRBT