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South Indian Bank IFSC Code and MICR Code:

South Indian Bank state wise list of all branches, IFSC code, MICR code and Addresses within India

Find any South Indian Bank branch details in India

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South Indian Bank IFSC Code

About South Indian Bank

South Indian Bank Limited was founded in 1929. Its headquarters is located at Thrissur City, in the state of Kerala, in South India. The key person associated with this bank is Sri. V.G. Mathew who holds the position of Managing Director and Chief Executive Officer. Its exclusive products are Loans, savings, investment vehicles, insurance and many more.


Milestones of South Indian Bank

• In 1946, it is the first among the private sector banks in the state of Kerala to become a scheduled bank.
• In April 1992. It is the first bank in the private sector in India to open a Currency Chest in a successful manner.
• In November 1992, it is the first private sector bank to open a NRI branch.
• In March 1993, it is first bank in the private sector in order to start an Industrial Finance Branch.
• In June 1993, it is the first among the private sector banks in Kerala to open an overseas branch.
• It is the first bank in the state of Kerala to develop an in-house, fully integrated branch automation software.
• It is the first Kerala based bank to implement Core Banking System.
• It is the third largest branch network among private sector banks in India


What is IFSC Code?

IFSC stands for Indian Financial System Code. It is basically used for electronic payment such as RTGS (Real Time Gross Settlement), NEFT (National Electronic Funds Transfer), IMPS (Immediate Payment Service) and CFMS (Centralized Funds Management Service) developed by RBI. It is an alphanumeric code that uniquely identifies a Bank Branch that participates in the two main Electronic Funds Settlement Systems in India. SIB IFSC code comprises of 11 characters e.g. – SIBL0000001. The first 4-characters represent the entity. Fifth position has been defaulted with a ‘0’ for future use. The last 6 – characters denotes the branch identity.


South Indian Bank IFSC Code

• South Indian Bank’s IFSC code is needed for NEFT and RTGS transactions. These codes are provided by RBI (Reserve Bank of India) and also unique for each branch.
• The South Indian Bank’ IFSC code starts with SIBL******* and last five digits varies from branch to branch. The IFSC code for South Indian Bank branches is the last six digits i.e. SIBL0******.


How to utilize South Indian Bank’s IFSC code for NEFT & RTGS fund transfer?

• South Indian Bank’s IFSC code is required to do online fund transfer. A list of SIB (South Indian Bank) IFSC code is provided in order to find out South Indian Bank’s branch. This knowledge may also be used in online banking. With this code we can also do online payments such as Mobile Recharge, Railway Ticket Booking, Online shopping and so forth.


What is MICR Code?

• MICR stands for Magnetic Ink Character Recognition. It contains numeric values and usually printed on cheque leaves. It is mainly used for processing cheques easily.
• South Indian Bank’s Magnetic Ink Character Recognition (MICR) code contains numerical values only; it comes with nine digit code. It is printed usually on cheque leaves. It is largely MICR Code is used for processing cheques easily. South Indian Bank has NEFT supported branches; most of these South Indian Bank (SIB) branches have MICR Code number.


South Indian Bank MICR Code

• SIB have MICR code containing numeric values. South Indian Bank have NEFT supported branches and also most of these South Indian Bank’s branches have MICR code number.


How to Search MICR Code of State Bank of India?

• Initially you have to choose the state where your South Indian Bank branch is located. 
• Then you have to choose your city where your SIB branch is situated
• Now, select your branch of South Indian Bank to find MICR Code

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South Indian Bank IFSC Code News:

South Indian Bank all set to increase its business capital

As it is confirmed by the South Indian Bank that it will increase its business capital by further 500 crore by issuing debt securities and long term infrastructure bond on the basis of a private placement. As declared by the bank it will borrow the capital in Indian as well as in foreign currency. The has avowed declaration of not raising fund more than 500 crore rupees, either in one or in more trenches, staying under the overall borrowing limits of the bank as it mentioned in a regulatory filing. In the last month, the proposal was cleared in the general annual meeting. It is also noted by a source that South Indian Bank also said to have appointed International Finance Corporation, as a consultant for advisory support for the increment of the business with multiple verticals, to achieve the strategic pact of vision-2020. The vision 2020 of the bank comprises Rs 20000 crore turnover and with the net profit of 1000 crore. The bank has also mentioned it in their declaration that they will open 50 offices, along with new branches and extension of counters. They will also set up 150 ATMs within the ongoing fiscal year. With 0.71% increase, the scrip of the bank closed at Rs. Rs 21.25 on BSE.

2016/08/09 08:56 AM

The first quarter net profit was at Rs. 950.60 million as South Indian Bank gains 2 %

The bank has recorded a net profit of Rs 950.60 million for the quarter that ended on June 30,2016 in comparison to Rs. 652. 90 million for the quarter that ended on June 30,2015.

The total income of the bank has increased from Rs 14805.10 million to Rs. 16206.70 million

The share opened at Rs 22.75 and reached a high and low of Rs 23.2 and Rs 22.1 respectively.

The total shares traded over the counter inclusive of both NSE and BSE was 33186379. Rs. 3004.46 is the current market cap of the company.

The share belongs to BSE group A and the face value of the share is Rs 1. The 52 week high of the share as on 15 July 2015  is Rs 25.75  The last one week high of the share was Rs 22.6

The 52 week low of the share as on 29 Feb 2016 was Rs 16.4  and the last one week low of the hare was Rs 19.6 respectively.

The holding of the promoters was 0 % and the entire holding was with institutions and non institutions at 51.62 and 48.38 % respectively.

The stock was seen trading above its 200 DMA.

2016/07/11 02:45 AM

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