South Indian Bank Overview
One of the earliest banks in South India, the SIB was established in 1929 by a group of enterprising men with the aim to support the budding business by providing credit at reasonable interest and inculcate saving and investment habit among the hardworking peasants of Kerala. The bank aims to emerge as one of most preferred banking partner of all customer classes in India in terms of brand value, principles and effectiveness in providing the desired service and products in all their financial needs. South Indian Bank endeavours to create a secure, agile, dynamic and conductive banking environment to serve its growing customer base stood on the advanced technology platform. SIB has opened up the path for banking industry by launching many innovative steps, securing for itself the first place in many achievements. SIB is the first bank from Kerala to become scheduled bank under the second schedule of RBI. It is the first private bank to open NRI branch, to open industrial finance branch, to open Overseas Branch that helps the export and import business, to introduce Core Banking Solution, among many firsts.
Products and Services of South Indian Bank
South Indian Bank offers a wide array of products and services under categories of personal banking, NRI banking, Business banking, etc. packed with technology enabled facilities and solutions. SIB is poised to meets all banking needs of its customers under all the above categories. Its personal banking customers are provided with facilities of ordinary saving accounts and value packed accounts, deposits under various schemes packed with attractive returns, mutual funds, insurance services, money transfer, etc. SIB offers loans to satisfy a host of needs covering consumer needs, vehicle, home, loans against gold mortgage, education, agriculture, and many more. SIB facilitates mutual funds from the top brands of India. Its business banking products include various types of business accounts, domestic and international finance, money transfers, etc.