South Indian Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

South Indian Bank has allotted 1,00,071 equity shares under ESOS on 04 September 2024. Consequently, the paid up equity share capital has increased to Rs. 261,62,66,475/- divided into 261,62,66,475 equity shares of Re.1/- each.

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South Indian Bank announced that the 96th Annual General Meeting (AGM) of the bank will be held on 27 August 2024.

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South Indian Bank will hold a meeting of the Board of Directors of the Company on 30 July 2024.

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The bank may raise funds by way of issuance of equity shares including but not limited through preferential issue and/ or qualified institutions placement (QIP)/ global depository receipts (GDRs)/ American depository receipts (ADRs)/ foreign currency convertible bonds (FCCBs)/ or any other methods on private placement basis, FPO etc. subject to regulatory approvals, as may be required.

The board of directors may also consider borrowing/ raising funds in Indian/ foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, MTN, subject to regulatory approvals, as may be required.

South Indian Bank provides retail and corporate banking, Para banking activities such as debit card, third party product distribution, in addition to treasury and foreign exchange business.

The bank’s standalone net profit increased 45.35% to Rs 294.13 crore in Q1 FY25 as against Rs 202.35 crore recorded in Q1 FY24. Total income jumped 14.65% YoY to Rs 2,736.13 crore during the quarter.

The scrip declined 0.89% to close at Rs 26.68 on Wednesday, 23 July 2024.

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