#1
January 22nd, 2018, 08:29 AM
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History Of South Indian Bank Ltd
I want to get the information regarding the History Of South Indian Bank Ltd so will you please tell me?
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#2
January 22nd, 2018, 08:29 AM
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Re: History Of South Indian Bank Ltd
South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank was registered as a private Limited Company under the companies Act of 1913 and commenced business on 29-01-1929 at Round South, Thrissur. SIB was the first scheduled Bank in the private sector in Kerala to get the license under section 22 of the Banking Regulation Act 1949 from RBI on 17-06-1957. The South Indian Bank Ltd., was formed by a group of 44 enterprising men of Thrissur who contributed Rs.500/ - each to the initial paid up capital of Rs.22,000/ -. Their main objective was to serve the merchant community of Thrissur by freeing them from the clutches of the money lenders who charged exorbitant rates of interest. The bank received very good support from the public at large. Initially the growth was slow but steady. The number of branches opened each year testified its stability and popularity. It was included in the second schedule of the Reserve Bank of India and became a scheduled Bank on 07-08-1946. South Indian Bank has 850 branches, 4 service branches,48 ext. counters and 20 Regional Offices spread across more than 27 states and 3 union territories in India. It has set up 1320 ATMs and 17 Bulk Note Acceptor/Cash Deposit Machines all over India. Contact- South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India Telephone Nos : +91-487-2420020, 2420058, 2420113 Email: sibcorporate@sib.co.in |
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