Is South Indian Bank a penny stock?

Is it good to buy South Indian Bank share now?

South Indian Bank Ltd. has an average target of 10.50. The consensus estimate represents an upside of 20.00% from the last price of 8.75. Reco – This broker has downgraded this stock from it’s previous report.

Can I buy South Indian Bank shares?

Security – Funds/ shares lie with the bank till the trade is confirmed. Transfer of funds/shares to the broker takes place only after the days trading is over. IPO – Client can also invest in Initial Public Offers also through SIBer Trade. It can be made online also.

What is the future of South Indian Bank share?

Detailed Quotes

Exchange & Time NSE 09-Feb-2022 BSE 09-Feb-2022
Prev Close 8.75 8.76
Volume 32,12,135 13,91,445
Day’s Low 8.70 8.73
Day’s High 8.85 8.86

Is South Indian Bank Good?

0.5 4.0/5 “Great!” My salary account was take with SOUTH INDIAN BANK ,their branch support services are really good and I never experienced any issues with their services. Only they need to increase number of branches but i never had problem with that also . It has good service .

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How strong is South Indian Bank?

Delhi: South Indian Bank was awarded ‘Best MSME Bank’ among Private Sector banks, by Associated Chambers of Commerce and Industry of India (ASSOCHAM). The award was bestowed on SIB in connection with the ‘7th MSMEs National Excellence Awards -2019’ by ASSOCHAM.

Is South Indian Bank safe?

Are my deposits in banks safe? Yes, of course. They are quite safe. Thanks to strong regulation and supervision by Reserve Bank of India and system of internal control of banks, they are well capitalized, well managed and effectively regulated.

Why South Indian Bank shares are falling?

South Indian Bank stock ends lower after Q1 net profit falls on higher provisions related to COVID 2.0. … Broadly, the numbers took a hit due to the impact of COVID 2.0 in the June quarter as well as lower interest yield on loans given.

Why is South Indian Bank falling?

South Indian Bank on Thursday reported an 88% year-on-year (y-o-y) decline in its first quarter net profit to Rs 10.31 crore, largely due to higher credit costs. … The operating profit for the quarter stood at Rs 512.12 crore, against Rs 403.68 crore during the corresponding period of the previous year.

What is happening in South Indian Bank?

South Indian Bank cuts loss to Rs 50 crore

Net interest margin, a key profitability parameter, remained flat at 2.64 per cent in the quarter under review compared to the year ago period.

Is South Indian Bank share a good buy Quora?

Once it crosses and closes above 22.95 on weekly basis, it will catch buying momentum and we can expect 229.50 in 5 to 10 years time frame. Conclusion: South Indian Bank is strong both fundamentally and technically strong. It is recommended to hold the investment.

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Who is the No 1 bank in India?

HDFC Bank currently ranks as the largest private bank in India, both by assets and market capitalization. The company has the third-largest market capitalization on the Indian stock exchanges, with $112.76 billion.

What kind of bank is South Indian Bank?

South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India.

Which is best bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.