Tag: south indian bank

South Indian Bank net profit up 17.4% on higher net interest income

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South Indian Bank net profit up 17.4% on higher net interest income

South Indian Bank. File | Photo Credit: Special Arrangement South Indian Bank (SIB) net profit increased 23% to ₹378 crore as asset quality improved and net interest income increased in the quarter ending on June 30, compared to ₹322 crore in the year-ago period. The bank’s net interest income increased 23% to ₹1025 crore in…

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RBI Asks These 2 Banks To Stop Adding Customers To Co-Branded Credit Cards

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RBI Asks These 2 Banks To Stop Adding Customers To Co-Branded Credit Cards

The lenders did not disclose the reasons cited by the central bank (Representational) Mumbai: India’s central bank has asked South Indian Bank and Federal Bank to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings on Wednesday. South Indian Bank said it has been asked to stop…

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