The South Indian Bank Limited
Established in 1929, SIBL was the first ‘scheduled bank’ among private banks in Kerala. SIBL has no identifiable promoter, and the shareholding pattern is well-diversified. It has strong presence in south India and particularly in Kerala. As on March...
Key Metrics
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Debt/EBITDA
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Operating Cashflow to total debt
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Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Long operational track record
Business witnessed growth in FY24; current account savings account (CASA) proportion remained stable
Diversified advances portfolio
Improvement in capitalisation levels supported by capital raise in FY24
Improvement in profitability in FY24 and Q1FY25
Liquidity: Adequate
Cons
Moderate asset quality with improvement seen in stressed assets in FY24
Regional concentration
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About The South Indian Bank Limited bond.
This comprehensive profile covers key factual information about The South Indian Bank Limited. Established in 1929, SIBL was the first ‘scheduled bank’ among private banks in Kerala. SIBL has no identifiable promoter, and the shareholding pattern is well-diversified. It has strong presence in south India and particularly in Kerala. As on March 31, 2024, SIBL had a network of 955 branches and 1,321 ATMs spread across the country (955 branches and 1,298 ATMs as on June 30, 2024). The total business of the bank stood at ₹1,79,981 crore with deposits of ₹1,01,920 crore and advances of ₹78,061 crore as on March 31, 2024. SIBL’s CAR per Basel III stood at 19.91% (Tier I CAR of 17.65%) as on March 31, 2024. GNPA ratio and NNPA ratio stood at 4.50% and 1.46% respectively as on March 31, 2024, against 5.14% and 1.86%, respectively, as on March 31, 2023. For FY24, SIBL reported PAT of ₹1070 crore over a total income of ₹10,128 crore. In Q1FY25, SIBL reported PAT of ₹294 crore on the total income of ₹2,736 crore. EPS in Mar-2024 was 4.09. Current ratio in Mar-2024 was 0.10. Debt/Equity in Mar-2024 was 12.33. Debt/EBITDA in Mar-2024 was 67.20. Interest coverage ratio in Mar-2024 was . Operating Cashflow to total debt in Mar-2024 was 0.07. Total revenue for Mar-2025(E) was ₹11103.94. Net income for Mar-2025(E) stood at ₹1654.82. Total assets as of Mar-2024 were ₹117,637.75. Operating cash flow for Mar-2024 was ₹7075.21. Peers and comparison entities consist of The South Indian Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Long operational track record ; Business witnessed growth in FY24; current account savings account (CASA) proportion remained stable; Diversified advances portfolio; Improvement in capitalisation levels supported by capital raise in FY24; Improvement in profitability in FY24 and Q1FY25; Liquidity: Adequate. Key risks include: Moderate asset quality with improvement seen in stressed assets in FY24; Regional concentration. Leadership team details include A N Vinod (General Manager & Head), A Sony (Senior General Manager), Benny P Thomas (Non Executive Director), Biju E Punnachalil (Joint General Manager), Davis Jose Thettayil (Deputy General Manager), G Nandakumar (General Manager & Head), H Chithra (CFO & Senior General Manager), Jimmy Mathew (Company Secretary & Compliance Officer), K Sivaraman (General Manager & Head), K Thomas Joseph (Executive Vice President), Lakshmi Ramakrishna Srinivas (Independent Director), M George Korah (Independent Director), Minu Moonjely (Senior General Manager), P R Seshadri (Managing Director & CEO), Paul Antony (Non Executive Director), Pradeep M Godbole (Independent Director), R A Sankara Narayanan (Independent Director), S S Biji (Senior General Manager), S Vijith (Joint General Manager), Senthil Kumar (Senior General Manager), V J Kurian (Chairman), Vinod Francis (Joint General Manager), Vivek Krishnan (Deputy General Manager). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.