Is South Indian Bank a good buy?

Is it good to buy South Indian Bank share?

Presently, SIB has the highest Tier-I capital amongst private banks at 13.1% providing more than sufficient headroom to grow at the targeted pace. The bank’s balance sheet is one of the strongest in the industry with a high Tier-1 capital, low RWA/IEA ratio (45%) and negligible net NPLs (0.4%).

What is the future of South Indian Bank?

South Indian Bank has announced its Vision 2024, which will focus on 6Cs including capital, CASA, cost-to-income, competency building, customer focus, and compliance. Capital remains one of the most important pillars of this strategy and SIB aims to shore-up its capital base over the near term.

Is South Indian Bank safe?

Yes, of course. They are quite safe. Thanks to strong regulation and supervision by Reserve Bank of India and system of internal control of banks, they are well capitalized, well managed and effectively regulated.

Is Southbank a good buy?

As on 26th Jul 2021 SOUTHBANK Share Price closed @ 10.95 and we RECOMMEND Buy for LONG-TERM with Stoploss of 8.86 & Sell for SHORT-TERM with Stoploss of 11.53 we also expect STOCK to react on Following IMPORTANT LEVELS.

IMPORTANT:  Frequent question: What is the contribution of Buddhism to India?

Is South Indian Bank a penny stock?

One bank that many investors may have ignored is South Indian Bank. This penny stock traded at Rs 9.21 per share on Thursday and has gained by more than 26 per cent in just one month. … The stock made a year low at Rs 4.93 per share and is up by 64 per cent from its lows in 2020.

Is it good time to buy SBI shares?

SBIN continues to remain among our top Buys in the sector,’ Motilal Oswal has said. ‘Retain Buy/overweight in EAP with a sharp revision in target price to Rs 600 (Rs 460 earlier), valuing core bank at 1.4x FY23E ABV (1x earlier) and subs/investments at Rs 186 (Rs 172 earlier), leading to a strong 50% upside.

Is South Indian Bank a Nationalised bank?

Short answer – No. It is not a nationalized bank. It was first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act.

Is South Indian Bank Private?

One of the oldest banks in South India The South Indian Bank (SIB) came into being during the Swadeshi movement. The South Indian Bank Limited was incorporated on 29 January 1929 at Thrissur as a private limited company and was later converted into a public limited company on 11 August 1939.

Is South Indian Bank a multibagger?

Many retail investors are betting on South Indian Bank to become the next multibagger in Banking sector. … Here’s the comparison of performance of South Indian bank stocks vs Kotak and ICICI, its is clearly evident that South Indian Bank stock has performed very poorly when all other bank stocks performed very well.

IMPORTANT:  Is Forced marriage legal in India?

Which is the No 1 private bank in India?

Based on Total sales and Market Capital HDFC Bank is the Largest No 1 Private bank in India with a turnover of Rs 105,161 Cr.

No Company Name
1 HDFC Bank
2 ICICI Bank
3 Axis Bank Ltd
4 Kotak Mahindra Bank Ltd

Which is the safest bank in India?

Recently, DBS Bank India was recognised as ‘India’s Best International Bank 2021’ by Asiamoney. DBS was named ‘Safest Bank in Asia’ for the 12th consecutive year by New York-based trade publication Global Finance in 2020.

Is South Indian Bank in loss?

South Indian Bank Q4 turns around to small profit on sharp fall in loan loss provisions. South Indian Bank reported –10.40% yoy fall in total consolidated revenues for the Mar-21 quarter at Rs2,098.25cr.

Magic India