MUMBAI: Saraswat Co-operative Bank, the biggest cooperative bank in the country, has taken over Mumbai-based The South Indian Co-operative Bank, offering huge relief to about 66,000 depositors. … The bank had a network of 12 branches and two extension counters.
Is South Indian Bank a co operative bank?
PMC Bank is a Co-operative Bank with 137 branches and spread over seven states including Delhi and Punjab and has deposits of about Rs. 11,617 crore. It is among the country’s top five Urban Co-operative Banks.
Is South Indian Bank merged with any bank?
South Indian Bank (SIB) wants to acquire a bank to double its loan assets from Rs 7,360 crore. The Kerala-based old private sector bank announced its intention to take the plunge in the acquisition game today. … subsequently merged with bigger banks.
Is South Indian Bank good bank?
South Indian Bank. Delhi: South Indian Bank was awarded ‘Best MSME Bank’ among Private Sector banks, by Associated Chambers of Commerce and Industry of India (ASSOCHAM). The award was bestowed on SIB in connection with the ‘7th MSMEs National Excellence Awards -2019’ by ASSOCHAM.
Which is the No 1 bank in India?
1. HDFC Bank
|Asset||₹1,189,432 crore (US$170 billion) (2019)|
|Number of Branches||5,314 (30th September 2019)|
|Number of ATMs||13,514 (Across India)|
Which is the No 1 private bank in India?
As of March 2021, HDFC Bank was the leading Indian private bank with total assets over 15 trillion Indian rupees. Within the banking sector, HDFC bank comes second after the public State Bank of India which is worth nearly 40 trillion Indian rupees in terms of assets during the same time period.
Is South Indian Bank Safe 2020?
So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be ‘safe‘, while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.
Which is the best bank in India?
DBS Bank has taken the top position in a list of the best banks in India, This is DBS Bank’s second consecutive win out of 30 domestic and international banks operating in India. The list was compiled by Forbes in partnership with market research firm Statista.
Who is the owner of SIB?
South Indian Bank. Mr. Salim Gangadharan is the Chairman and Non-Executive Director of the Board of our Bank.
What is the future of South Indian Bank?
South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.