South Indian Bank Limited is a prominent and one of the oldest private sector banks in the southern part of India. It was established in the year 1929 as a part of the Swadeshi movement at Thrissur, which is called the cultural capital of Kerala. The initial purpose of the bank was providing safe savings options and affordable credits in order to free people from exploitative moneylenders. In the year 1946, South Indian Bank became a scheduled bank under the RBI Act.
| Particular | Details |
| Bank Name | South Indian Bank Limited |
| Type | Private Sector |
| Founded | 29th January 1929 |
| Founder | Group of Entrepreneurs |
| Headquarters | Thrissur, Kerala, India |
| MD & CEO | P R Seshadri |
| Chairman | V Joseph Kurian |
| Regulator | RBI |
| Services | Retail Banking, Corporate Banking, Treasury and more |
| Branch Network | 948 |
| Customer Base | 76 lakh |
| Total Deposits | INR 1.18 lakh crore |
| Total Advances | INR 96,674 crore |
| CASA Ratio | 31.84% |
| Bank Type Focus | Retail, MSME and Loans |
| Official Website | www.southindianbank.bank.in |
Net Worth and Market Cap
Net Worth of South Indian Bank Limited was approximately INR 9,622 crore on 31st October 2025. The bank’s market capitalisation is currently at INR 11,866.92 crore.
Corporate Leadership
P R Seshadri is the current Managing Director and CEO of South Indian Bank Limited. V Joseph Kurian is the Independent/Non-Executive Chairman, while Dolphy Jose is the Whole-Time Executive Director of the bank.
Overview of Banking Products and Services
South Indian Bank Limited offers a range of banking products and services, including retail or personal banking, corporate banking and treasury services. The bank emphasises on digital innovation and customer-centric features, with strong focus on retail, MSME and loans.
Retail segment of the bank offers a number of products and services. These include savings accounts, current accounts, term deposits, recurring deposits, gold loans, home loans, education loans, car loans, debit cards, ATM-cum-Shopping cards and multiple credit card options.
Business and SME banking offerings comprise of both financing and services. Financing options include non-fund based finance, working capital finance, commercial vehicle and construction equipment loans, long-term finance, digital GST business loan and finance against warehouse receipts. Services include POS, merchant gateways, API banking and centralised direct debit.
Digital services offered by the bank comprise of mobile banking through SIB Mirror+, internet banking, UPI services, WhatsApp banking, online trading, FASTag and more. Other services include insurance, demat services and safe deposit lockers.
Distribution Network
South Indian Bank Limited has its head office or headquarters in Thrissur, Kerala, India. It has a network of 948 branches, 1146 ATMs and 126 CDMs/CRMs spanning 26 states and 4 union territories. Kerala is the bank’s stronghold.
