South indian bank share price

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...

Period Mar 2023 Mar 2022 Mar 2021 Mar 2020 Net Interest Income 3012.08 2239.76 2406.91 2317.50 Loan Loss Provision 399.12 1161.41 1611.13 1030.90 Non- Interest Income Bank 811.37 1033.90 1185.48 1045.75 Non- Interest Expense Bank -2315.83 -2204.41 -1894.59 -2182.80 Net Income Before Taxes 1108.50 -92.16 86.66 149.55 Net Income 775.31 44.81 61.91 104.59 Diluted Normalized EPS 3.70 1.03 0.17 1.67 • Name • Latest Price • Change • % Change • 52W High • 52W Low • Mkt. Cap • • 151.6 • 2.45 • 1.64 • 168.5 • 62.9 • 4735.11 • • 270.1 • -4.45 • -1.62 • 297.2 • 178 • 4687.32 • • 17.95 • -0.21 • -1.16 • 21.8 • 7.27 • 3756.47 • • 119.35 • -1.95 • -1.61 • 141.2 • 70.3 • 3717.77 • • 225.9 • -7.5 • -3.21 • 300.75 • 182.55 • 1879.81 Meeting Date Purpose 11-May-23 Audited Results & Final Dividend 24-Jan-23 Quarterly Results 20-Oct-22 Quarterly Results 26-Jul-22 Quarterly Results 07-Jun-22 Others 12-May-22 Audited Results 20-Jan-22 Quarterly Results 21-Oct-21 Quarterly Results 22-Jul-21 Quarterly Results & Raising of funds 21-May-21 Audited Results & Dividend ABOUT South Indian Bank • Industry Regional Banks • ISIN INE683A01023 • BSE Code 532218 • NSE Code SOUTHBANK 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 Tre...

• 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 Volume 15/06/2023 18.25 18.35 17.90 17.95 13970691 14/06/2023 18.30 18.50 18.10 18.15 13226146 13/06/2023 18.85 18.95 18.10 18.15 22834869 12/06/2023 18.10 18.80 17.70 18.65 31314204 09/06/2023 18.30 18.35 17.90 18.05 22716091 08/06/2023 18.45 18.70 18.20 18.30 17086790 07/06/2023 18.65 18.95 18.30 18.45 20760728 06/06/2023 18.75 18.80 18.55 18.65 14769319 05/06/2023 19.10 19.15 18.65 18.80 22555246 02/06/2023 19.00 19.60 18.90 19.05 80858503 01/06/2023 17.55 19.10 17.50 18.90 121159125 31/05/2023 17.00 17.45 16.90 17.25 19062092 30/05/2023 17.20 17.25 17.00 17.10 10779464 29/05/2023 17.15 17.30 16.95 17.15 24348630 26/05/2023 16.75 17.05 16.75 16.95 11910153 25/05/2023 16.75 16.85 16.60 16.75 14722252 24/05/2023 17.00 17.00 16.60 16.70 16267764 23/05/2023 16.75 17.20 16.75 16.90 25917331 22/05/2023 16.70 16.85 16.60 16.75 19935578 19/05/2023 17.05 17.10 16.50 16.65 27143499 18/05/2023 17.00 17.25 16.95 17.00 25358772 17/05/2023 17.30 17.40 16.80 16.90 29189198 16/05/2023 17.20 17.60 17.15 17.25 33042396