South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
About SIB
South Indian Bank is a private sector bank headquartered in Thrissur, Kerala, India. Established in 1929, it offers a range of banking products and services, including personal banking, corporate banking, and treasury services. The bank has a significant presence in South India and has expanded its operations to other regions, providing services through a network of branches and ATMs. It is known for its customer-centric approach and has implemented various digital banking initiatives to enhance customer experience.
One of the earliest banks in South India, "South Indian Bank" came into being during the Swadeshi movement. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest.
Translating the vision of the founding fathers as its corporate mission, the bank has during its long sojourn been able to project itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.
To be the most preferred bank in the areas of customer service, stakeholder value and corporate governance.
To provide a secure, agile, dynamic and conducive banking environment to customers with commitment to values and unshaken confidence, deploying the best technology, standards, processes and procedures where customer convenience is of significant importance and to increase the stakeholders’ value.
1929 - Commenced Operations on 29-01-1929 as a private limited company in a rented room at the western end of Bishop Menachery Building, Round South, Thrissur
1932 - The bank opened the first branch in Wadakkancherry on 12-02-1932
1939 - The bank was converted as a public limited company on 11-08-1939
1946 - The first among the private sector banks in Kerala to become a scheduled back on 07-08-1946 under RBI act
1992 - The first bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992. The first private sector bank to open a NRI branch in November, 1992
1998 - The first Public Issue of Shares of the bank (IPO) was completed in October 1998. Listed the Shares in BSE, NSE and CSE in December 1998
2001 - The comprehensive and centralized banking solution, SiberTech, which runs on Finacle platform provided by Infosys is launched by N.R. Narayana Murthy, the doyen of the Indian IT industry.
2016 - Introduced SIB Mirror mobile app (developed in house) with innovative mobile banking features
2017 - Introduction of SIB Mirror+, the advanced mobile banking app. The Bank received license from Reserve Bank of India for participating in Bharath Bill Payment System (BBPS) set up by NPCI.
2018 - The Bank started operations of Representative Office at Dubai in UAE from 25.04.2018
2024 - The Bank achieved a historic milestone with the highest-ever net profit in the history of South Indian Bank, reaching Rs. 1,070 crores
The South Indian Bank with a new logo and image, marches on. With branches all over India and a clientele across the world, the bank is considered one of the most pro active banks in India with a competent tech savvy team of professional at the core of services
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