Is South Indian Bank safe for FD?
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Is South Indian Bank safe for FD?
Thus, South Indian Bank term deposit is safe and secure, as the funds are backed by the government no matter what the current situation of the Bank is. Loan against FD: The investment made in an FD scheme is not only a reliable investment option but can also act as an asset.
Is South Indian Bank bonds are safe?
These bonds are perceived to be risky investments, irrespective of their credit ratings. Tier I Bonds are higher in risk than Tier II Bonds. Hence they pay higher coupons. In extreme cases, if a Bank reaches a point of non-viability (PONV), RBI can instruct to write off the Tier I and II Bank Bond papers in full.
Who is owner of South Indian Bank?
South Indian Bank
| South Indian Bank Head Office | |
|---|---|
| Industry | Banking Financial services |
| Founded | 29 January 1929 |
| Headquarters | Thrissur, Kerala, India |
| Key people | Salim Gangadharan (Chairman) Murali Ramakrishnan (MD & CEO) |
Which Indian bank is best for fixed deposit?
Fixed Deposit Interest Rates
| Bank name | Tenure | Interest rate (\%) per annum |
|---|---|---|
| IDFC Bank | 91 days to 180 days | 6.75 |
| Kotak Mahindra Bank | 181 to 363 days | 6.5 |
| SBI | 180 to 210 days | 6.35 |
| Axis Bank | 6 months to 8 months 29 days | 6.25 |
Is South India Bank is govt or private?
South Indian Bank Ltd. South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India.
Which is the best and safest bank in India?
List of Best, Safe Banks in India 1 HDFC Bank . If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. 2 State Bank of India. With over Rs30 Trillion assets under management, it is easily the largest Bank in the country and hence also the safest bank in India. 3 ICICI Bank . 4 AXIS Bank
How many branches does South Indian Bank have in India?
South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 924 branches, 4 service branches, 53 extension counters and 20 Regional Offices spread across India. The bank has also set up more than 1,500 ATMs and 91 Cash Deposit Machines.
What is the history of Sib bank in Kerala?
It was included in the second schedule of the Reserve Bank of India and became a scheduled Bank on 7 August 1946. SIB was the first scheduled Bank in the private sector in Kerala to get the license under Section 22 of the Banking Regulation Act, 1949 from the RBI on 17 June 1957.
What is the net profit of sibsib?
SIB is a pan India Bank with more than 900 Offices and sizeable business of Rs 1,50,000/ crores as on 31.12.2019.Bank’s Operating Profit has grown steadily from Rs. 884 Crore in the Financial Year 2013-14 to Rs. 1,239 Crore in the Financial Year 2018-19. Operating Profit for the 9 month period ending 31.12.2019 is Rs. 1,112 Crores.