South Indian Bank is currently trading at Rs. 20.35, up by 0.15 points or 0.74% from its previous closing of Rs. 20.20 on the BSE.
The scrip opened at Rs. 20.10 and has touched a high and low of Rs. 20.35 and Rs. 20.10 respectively. So far 299890 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.12 on 07-Oct-2016 and a 52 week low of Rs. 15.43 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 20.70 and Rs. 20.05 respectively. The current market cap of the company is Rs. 3668.77 crore.
The institutions and non-institutions held 50.36% and 49.64% stake in the Bank, respectively.
In order to promote cashless digital transactions, South Indian Bank has launched Aadhar-based payment in its Unified Payment Interface (UPI) mobile application- SIB M-Pay.
UPI facilitates all its customers to send and receive money from their Smartphone without entering the bank account information. Even non-customers of South Indian Bank can link any of their bank account in this mobile application. Currently, the fund transfer is possible only if the Virtual Address (UPI ID) of the beneficiary is known to the user.
With the latest addition in SIB M-Pay, the fund transfers can be done by just entering the Aadhar number of the beneficiary. The amount will be credited directly to the beneficiary’s Aadhar linked bank account. SIB M-Pay app is currently available in Android Playstore.