South indian bank share

In terms of technicals, the relative strength index (RSI) of the South Indian Bank stock stands at 74.4, signaling it's trading in the overbought zone. South Indian Bank shares have a beta of 0.8, indicating low volatility in a year. South Indian Bank shares are trading higher than the 5 day, 20 day, 50 day, 100 day and 200 day moving averages. The stock can rise up to 22% to Rs 21, Geojit said on May 31. The market price stood at Rs 17.3. “Supported by strong growth in advances, improved asset quality, and higher margins, the bank has reported sharp growth in earnings. PAT stood at a record high of Rs.334cr. Asset quality improved with GNPA/NNPA at 5.14%/1.86%. However, the new book, which constitutes 58%, has shown very low slippages, providing confidence in further improvement. Hence, we upgrade our rating to BUY with a target price of Rs 21.0 based on 0.6x FY25E Adj P/BV,” said Geojit. Gaurav Bissa, VP, InCred Equities said, "South Indian Bank has witnessed a strong breakout from the symmetrical triangle pattern on daily charts with strong volumes. The stock is witnessing strong follow up volumes as well implying the breakout can result in a strong upside in the coming weeks. The stock has given breakout on RSI as well along with bullish MACD crossover, both of which support the postulate of a robust upmove in a short while. The stock has also triggered buy signal on ichimoku studies suggesting the stock may be starting a fresh uptrend. The stock can test Rs 23-25 ...

Description • 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. SIB was set up by a group of enterprising men who joined together at Thrissur to provide 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 moneylenders on the other by providing need based credit at reasonable rates of interest. SIB provides retail and corporate banking, Para banking activities such as debit card, third party product distribution, in addition to Treasury and Foreign Exchange Business. As on 31 December 2020, the Bank had a network of 877 Branches and 1443 ATMs across the country. The first branch outside Kerala was opened by the bank in Coimbatore during the year 1941. SIB, the first among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act. During the year 1963, the bank took over the assets and liabilities of Kshemavilasam Banking Company Ltd and the Ambat Bank Pvt Ltd, Chittur, Kerala. The year 1964 was notable one in the saga of SIB; the bank had acquired ten banks in the single year of 1964 itself, the list of banks include Public Bank Ltd, Suburban Bank Pvt Ltd, Vijalakshmi Bank Pvt Ltd, Chalakudy Ban...

The South Indian Bank Limited (the Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services, including retail banking, corporate banking and treasury operations. The Company’s segments include Treasury, Corporate/ Wholesale Banking, Retail Banking and Other Banking Operations. The Treasury segment consists of interest earnings on investments portfolio of the bank, gains or losses on investment operations and earnings from foreign exchange business. The Corporate / Wholesale Banking segment provides loans to corporate segment. The Retail Banking segment provides loans to non-corporate customers. The Other Banking Operations segment includes income from para banking activities, such as debit cards, third party product distribution and associated costs. The Bank has a network of approximately 935 banking outlets and approximately 1,315 automated teller machines (ATMs) in India. ;

• The bank has a very low ROA track record. Average ROA of 3 years is 0.0738618413482572% • Company has a low ROE of 1.31396371743751% over the last 3 years. • The Bank has a high NPA ; Average NPA of the last 3 years stands at 3.67333333333333%. • High Cost to income ratio of 61.8930288503758%. • The company has delivered poor Profit Growth of -43.3585527667697% over the past 3 years. • The company has delivered poor Income growth of -1.42590377825547% over the past 3 years. • Poor Advances growth of -1.45685940609273% in last 3 years. Quarterly Result (All Figures in Cr.) PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Interest Earned 1635.43 1621.81 1740.14 1898.27 1972.96 Other Income 203.95 246.34 255.1 -34.18 345.37 Interest Expended 1037.69 1018.43 1013.77 1073.12 1115.78 Operating Expenses 513.75 532.9 555.75 587.73 641 Total Provisions 77.71 139.41 179.29 41.43 38.99 Profit Before Tax 210.23 177.41 246.43 161.81 522.56 Tax -61.81 62.06 23.33 59.06 188.67 Net Profit 272.04 115.35 223.1 102.75 333.89 Net NPA % 2.97 2.87 2.51 2.26 1.86 Gross NPA % 5.9 5.87 5.67 5.48 5.14 Return on Assets % 1.1 0.46 0.85 0.38 1.26 NPM % 16.63 7.11 12.82 5.41 16.92 Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.) PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Interest Earned 6192.81 6876.52 7763.8 7305.44 6586.54 Other Income 837.24 726.21 1045.75 1229.17 1034.1 Interest Expended 4227.29 4856.82 5446.3 4898.54 4346.78 Operating Expenses 1321.98 1506.93 1717.61 ...

Date Open High Low Close* Adj Close** Volume Jun 15, 2023 18.25 18.35 17.90 17.95 17.95 13,966,320 Jun 14, 2023 18.30 18.50 18.10 18.15 18.15 13,226,146 Jun 13, 2023 18.85 18.95 18.10 18.15 18.15 22,834,869 Jun 12, 2023 18.10 18.80 17.70 18.65 18.65 31,314,204 Jun 09, 2023 18.30 18.35 17.90 18.05 18.05 22,716,091 Jun 08, 2023 18.45 18.70 18.20 18.30 18.30 17,086,790 Jun 07, 2023 18.65 18.95 18.30 18.45 18.45 20,760,728 Jun 06, 2023 18.75 18.80 18.55 18.65 18.65 14,769,319 Jun 05, 2023 19.10 19.15 18.65 18.80 18.80 22,555,246 Jun 02, 2023 19.00 19.60 18.90 19.05 19.05 80,858,503 Jun 01, 2023 17.55 19.10 17.50 18.90 18.90 121,159,125 May 31, 2023 17.00 17.45 16.90 17.25 17.25 19,062,092 May 30, 2023 17.20 17.25 17.00 17.10 17.10 10,779,464 May 29, 2023 17.15 17.30 16.95 17.15 17.15 24,348,630 May 26, 2023 16.75 17.05 16.75 16.95 16.95 11,910,153 May 25, 2023 16.75 16.85 16.60 16.75 16.75 14,722,252 May 24, 2023 17.00 17.00 16.60 16.70 16.70 16,267,764 May 23, 2023 16.75 17.20 16.75 16.90 16.90 25,917,331 May 22, 2023 16.70 16.85 16.60 16.75 16.75 19,935,578 May 19, 2023 17.05 17.10 16.50 16.65 16.65 27,143,499 May 18, 2023 17.00 17.25 16.95 17.00 17.00 25,358,772 May 17, 2023 17.30 17.40 16.80 16.90 16.90 29,189,198 May 16, 2023 17.20 17.60 17.15 17.25 17.25 33,042,396 May 15, 2023 17.80 17.85 17.00 17.05 17.05 43,098,373 May 12, 2023 17.65 18.20 17.50 17.65 17.65 142,390,166 May 11, 2023 16.25 16.50 16.20 16.30 16.30 16,167,189 May 10, 2023 16.25 16.30 15.95 16.10 16.10 11,...