Latest news with #SouthIndianBank
New Indian Express
5 days ago
- General
- New Indian Express
Collective action can bring change: Assistant collector launches TNIE-SIB initiative
KOCHI: Highlighting the power of community participation, Ernakulam Assistant Collector Parvathy Gopakumar on Thursday launched ExSeed Green, a World Environment Day initiative by The New Indian Express in collaboration with South Indian Bank (SIB), aimed at encouraging readers across Kerala to take up farming. Speaking at the event, she said the initiative, though simple in its approach by distributing a packet of seeds with the newspaper, carries the potential for meaningful impact when embraced collectively. 'It is a good initiative that The New Indian Express and South Indian Bank are joining as part of a CSR activity. When an action is taken collectively, it can bring a change,' Parvathy said.
New Indian Express
7 days ago
- Health
- New Indian Express
TNIE, South Indian Bank join hands for green goal
KOCHI: The New Indian Express is joining hands with the South Indian Bank to literally sow the seeds of change for a better tomorrow by rolling out a unique initiative to promote 'Green Revolution' on the occasion of the World Environment Day on June 5. A sachet of vegetable seeds will be delivered at the house of each and every reader of The New Indian Express along with Thursday's newspaper. Be it the backyard, balcony or even a windowsill, the seeds of change will sprout paving the way for a new culture that values fresh and healthy home-grown greens, thereby ushering in a healthier and greener tomorrow. The initiative is supported by Vegetable and Fruit Promotion Council (VFPCK) and the Department of Agriculture Development & Farmer Welfare of Kerala.
Mint
20-05-2025
- Automotive
- Mint
How to apply for a car loan from South Indian Bank? Check 6-step process
South India bank provides for competitive car loan options for borrowers in India. The objective of these loans is to cater to both new and used vehicle purchases. The applicable interest rates in this regard start from 8.75% for new cars and are also linked with the repo rate. Further, the banking institution provides flexible repayment tenures and reasonably attractive financing options. It is important to remember that car loans from South Indian Bank depend primarily on factors such as applicant's income, creditworthiness, credit score, total loan amount, repayment history, employment status etc. It is these factors that cumulatively decide the eligibility, loan terms and applicable interest rates on an individual's car loan application. Therefore, keeping the above factors in mind, here is a simple guide to assist aspirational car loan applicants in securing the best possible car loans as per their financial needs, loan repayment capacity and long term goals: Check eligibility: To apply for the car loan, it is crucial to first check if you are meeting the bank's basic eligibility criteria. Car loans are available to salaried individuals working with prominent MNCs, government or IT companies. Further, self employed professionals and business owners can also apply for these loans. For case to case basis loan eligibility criteria reach out to their designated customer support team of the bank. Specific terms and conditions of the car loan: Under certain specialised loan products such as 'Mobi loans' a minimum of ₹ 60,000 as monthly income is also required. On your part you should carefully check the loan product you aspire to secure and verify the eligibility criteria accordingly. For more details on the specific terms and conditions refer to the official website of South Indian Bank. Collect the essential documents: Once you are clear with the basic eligibility criteria you should prepare for the following documents for verification purposes: Proof of identity: PAN Card, Aadhaar Card, Voter ID, or Driving License. PAN Card, Aadhaar Card, Voter ID, or Driving License. Address verification: Recent electricity bill, rental agreement, or title deed. Recent electricity bill, rental agreement, or title deed. Proof of income: Form 16, recent salary slips, ITRs, or bank statements. Form 16, recent salary slips, ITRs, or bank statements. Passport size photographs: Recent passport-sized photographs. Note: The basic eligibility and the essential documents required discussed above are illustrative in nature. For complete eligibility details and the documents required on a case to case basis refer to the official website of South Indian Bank 4. Choose the right loan product: The South Indian Bank provides for numerous car loan schemes developed for different customer segments, including: Mobi Loan for business class and salaried individuals. Mobi Loan for agriculturists and NRIs. Mobi Loan for pensioners, retired individuals and senior citizens. 5. Visit a branch or apply online: You can submit your car loan application through the South Indian Bank's official website. Similarly, you can also pay a visit to your nearest South Indian Bank branch to make an application. Further, the online application process is streamlined for comfort and user convenience. Whereas in the offline process you will be guided by the designated customer service team at the bank branch. 6. Loan clearance, processing and disbursement: Upon the submission of your documents the bank will process your application, cross-check and verify documents and analyse your creditworthiness along with your overall credit profile. Then if everything is found in order your loan will be processed, cleared and disbursed promptly in your bank account thus facilitating seamless vehicle purchase. Interest rates : Start from 8.75% fixed rates for new cars. Furthermore, the interest rates start from 11.27% per annum for used cars. : Start from 8.75% fixed rates for new cars. Furthermore, the interest rates start from 11.27% per annum for used cars. Loan amount : Up to ₹ 2 crore for new cars and ₹ 1 crore for used cars. : Up to 2 crore for new cars and 1 crore for used cars. Loan tenure : Borrower friendly repayment options ranging from 1 to 7 years for new car loans with adequate collateral. : Borrower friendly repayment options ranging from 1 to 7 years for new car loans with adequate collateral. Processing fee : 0.75% to 1% of the total loan amount, capped at ₹ 10,000. : 0.75% to 1% of the total loan amount, capped at 10,000. Prepayment charges : prepayment charges are levied only on non-individual borrowers with fixed-rate loans. : prepayment charges are levied only on non-individual borrowers with fixed-rate loans. Credit score requirements: South Indian Bank generally considers a credit score of 740 or above for car loans. Whereas scores between 700 to 739 might also be considered if there are no blemishes, earlier defaults or other similar problems. Note: The car loan features, interest rates etc discussed above are illustrative in nature. For the complete and accurately updated details refer to the official website of South Indian Bank car loan page. Hence, South Indian Bank provides for flexible and competitive car loan opportunities for meeting diverse applicant needs. Therefore, by following the above discussed simple steps and verifying eligibility aspirational car loan applicants can enjoy a smooth and hassle free loan approval process. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
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Business Standard
15-05-2025
- Business
- Business Standard
South Indian Bank Q4 results: Profit up 19% to Rs 342 cr on higher income
South Indian Bank on Thursday reported a 19 per cent growth in net profit at Rs 342 crore for the fourth quarter ended March 31, 2025. The Kerala-based bank had a net profit of Rs 288 crore in the fourth quarter of 2023-24 fiscal year. The total income rose to Rs 2,946 crore during the March quarter of 2024-25, from Rs 2,621 crore in the March quarter of FY'24. For the full 2024-25 fiscal year, South Indian Bank reported a 22 per cent growth in net profit at Rs 1,303 crore. In FY'24, the net profit was Rs 1,070 crore. The Board of Directors of the Bank has recommended a dividend of Rs 0.40 per equity share of face value of Rs 1 each (40 per cent) for the financial year ended March 31, 2025. Shares of South Indian Bank were trading at Rs 27.68, up 3.48 per cent over previous close on BSE. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard
15-05-2025
- Business
- Business Standard
South Indian Bank consolidated net profit rises 19.17% in the March 2025 quarter
Total Operating Income rise 4.34% to Rs 2373.44 crore Net profit of South Indian Bank rose 19.17% to Rs 342.41 crore in the quarter ended March 2025 as against Rs 287.33 crore during the previous quarter ended March 2024. Total Operating Income rose 4.34% to Rs 2373.44 crore in the quarter ended March 2025 as against Rs 2274.67 crore during the previous quarter ended March 2024. For the full year,net profit rose 21.76% to Rs 1303.10 crore in the year ended March 2025 as against Rs 1070.18 crore during the previous year ended March 2024. Total Operating Income rose 9.29% to Rs 9413.31 crore in the year ended March 2025 as against Rs 8612.80 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Total Operating Income 2373.442274.67 4 9413.318612.80 9 OPM % 58.6563.60 - 62.3861.48 - PBDT 459.25392.59 17 1757.071528.89 15 PBT 459.25392.59 17 1757.071528.89 15 NP 342.41287.33 19 1303.101070.18 22
