SOUTHBANK

Jan 21 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SOUTH INDIAN BANK DEC-QUARTER NET PROFIT 3.42 BILLION RUPEES

• SOUTH INDIAN BANK DEC-QUARTER GROSS NPA 4.3%

• SOUTH INDIAN BANK DEC-QUARTER INTEREST EARNED 23.71 BILLION RUPEES

• SOUTH INDIAN BANK DEC-QUARTER PROVISIONS AND CONTINGENCIES 660.4 MILLION RUPEES

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** Shares of South Indian Bank SIBK.NS up 3%, set for their best day in nearly a month

** Lender reports an about 12% year-on-year rise in Q3 gross advances, total deposit rises 6.3%

** Stock sees busiest day since Dec. 6, trading vols at 2 times their 30-day average

** SIBK gained 2% in 2024, compared with 28.5% and 16% rise in peers Karur Vysya Bank KARU.NS and City Union Bank CTBK.NS, respectively

(Reporitng by Nishit Navin)

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Jan 1 (Reuters) - South Indian Bank Ltd SIBK.NS:

• GROSS ADVANCES UP 11.94% Y/Y AS OF DEC END

• TOTAL DEPOSITS UP 6.28% Y-O-Y AS OF DEC-END

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Nov 29 (Reuters) - South Indian Bank Ltd SIBK.NS:

• APPROVED FOR EXERCISING CALL OPTION OF TIER I BONDS

• TOTAL ISSUE SIZE 5 BILLION RUPEES

• EXERCISING CALL OPTION OF NON-CONVERTIBLE, BASEL III COMPLIANT, TIER I BONDS

Source text: ID:nBSE3RyCPr

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** Shares of Fedbank Financial Services FEDB.NS jump 14% to 108 rupees after confirming a news report about an alliance with South Indian Bank SIBK.NS; SIBK up 1.3%

** Deal aims at exploring and maximizing business opportunities together in the gold loan sector, Fedbank said

** Stock on track to log best day on record since listing on Nov. 30, 2023

** FEDB eyes busiest trading session since Dec. 2023, with over 8 mln shares traded

** At current levels, FEDB and SIBK are down ~21% and 4.4% YTD, respectively

(Reporting by Manvi Pant in Bengaluru)

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** Shares of South Indian Bank SIBK.NS rise 4.6% to 25 rupees

** Lender's Q2 net profit jumps 18.2% y/y, interest earned rises 10.6%

** Stock set to log gains for a fourth session straight

** YTD stock up ~0.9% vs Nifty banking index's .NSEBANK 7.5% gain

(Reporting by Yagnoseni Das in Bengaluru)

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Oct 1 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SOUTH INDIAN BANK - PROVISIONAL GROSS ADVANCES UP 13.07% FOR QUARTER ENDED SEPTEMBER

• SOUTH INDIAN BANK - SEPT QUARTER PROVISIONAL TOTAL DEPOSIT ROSE 8.62% Y/Y

Source text for Eikon: [ID:]

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July 30 (Reuters) - South Indian Bank Ltd SIBK.NS:

• APPROVED RAISING OF FUNDS UP TO 7.5 BILLION RUPEES

• BORROWING/RAISING OF FUNDS IN INDIAN/ IN EQUIVALENT FOREIGN CURRENCY FOR 7.5 BLN RUPEES

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July 23 (Reuters) - South Indian Bank Ltd SIBK.NS:

• TO CONSIDER RAISING OF FUNDS

• TO CONSIDER RAISING FUNDS IN INDIAN/ FOREIGN CURRENCY BY ISSUE OF DEBT SECURITIES

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** Shares of South Indian Bank SIBK.NS rise as much as 6.3% to 28.19 rupees

** Stock last up 3.3%, one of few banks up as broader markets .BO decline

** Lender's Q1 net profit jumps 45% as provisions decline, net interest income rises 7.2%

** Net interest margin, however, falls 8 bps to 3.26%

** Around 2.7 mln shares traded vs 4.2x 30-day avg volume

** Analysts tracking stock rate it "buy" on avg - LSEG data

** Stock extends YTD gains to ~11% vs banking stocks' .NSEBANK 8.3% gain

(Reporting by Nandan Mandayam in Bengaluru)

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July 18 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SOUTH INDIAN BANK JUNE-QUARTER NET PROFIT 2.94 BILLION RUPEES

• SOUTH INDIAN BANK JUNE-QUARTER INTEREST EARNED 23.14 BILLION RUPEES

• SOUTH INDIAN BANK JUNE-QUARTER PROVISIONS AND CONTINGENCIES 1.13 BILLION RUPEES

• SOUTH INDIAN BANK JUNE-QUARTER GROSS NPA 4.5%

• SOUTH INDIAN BANK JUNE-QUARTER NET NPA 1.44%

Source text for Eikon: ID:nBSEbkrbTF

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July 1 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SOUTH INDIAN BANK - PROVISIONAL TOTAL DEPOSIT FOR QUARTER-ENDED JUNE UP 8.41% Y/Y

• SOUTH INDIAN BANK - PROVISIONAL GROSS ADVANCES UP 11.35% Y/Y AS OF JUNE 30

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June 18 (Reuters) - South Indian Bank Ltd SIBK.NS:

• ONE YEAR MCLR SET AT 9.95%, W.E.F. 20 JUNE

Source text for Eikon: ID:nNSEV8V2n

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May 2 (Reuters) - South Indian Bank Ltd SIBK.NS:

• MARCH-QUARTER NET PROFIT 2.88 BILLION RUPEES VERSUS 3.34 BILLION RUPEES

• MARCH-QUARTER GROSS NPA 4.50% VERSUS 4.74% PREV QUARTER

• MARCH-QUARTER INTEREST EARNED 22.75 BILLION RUPEES VERSUS 19.73 BILLION RUPEES

• MARCH-QUARTER PROVISIONS AND CONTINGENCIES 406.2 MILLION RUPEES VERSUS 389.9 MILLION RUPEES

• MARCH-QTR NET NPA 1.46% VS 1.61% PREV QTR

Source text for Eikon: [ID:]

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April 29 (Reuters) - South Indian Bank Ltd SIBK.NS:

• TATA MOTORS SIGNED MOU WITH SOUTH INDIAN BANK TO OFFER FINANCING SOLUTIONS TO ITS COMMERCIAL VEHICLE CUSTOMERS, DEALERSHIPS - STATEMENT

Source text for Eikon: [ID:]

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** Shares of CSB Bank CSBB.NS rise 3.3% to 379.6 rupees

** Lender on Monday said its gross advances for the quarter ended March grew 17.9% y/y, while total deposits rose 21.3%

** Stock on track to rise for a seventh straight session, if gains hold; CSBB declined in Q4, snapping a six-quarter winning streak

** Stock has fallen about 8% so far this year, peers South Indian Bank SIBK.NS and Karur Vysya Bank KARU.NS lost 2.9% and 0.3%, respectively, during this period

(Reporting by Yagnoseni Das in Bengaluru)

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April 1 (Reuters) - South Indian Bank Ltd SIBK.NS:

• PROVISIONAL GROSS ADVANCES UP 11.44% Y/Y AS OF MARCH 31

• TOTAL DEPOSIT UP 11.21% AS OF MARCH 31, 2024

Source text for Eikon: ID:nBSE8TGPRw

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March 18 (Reuters) - South Indian Bank Ltd SIBK.NS:

• REVISES ONE YEAR MCLR TO 10% FROM 9.95% EFFECTIVE MARCH 20

Source text for Eikon: ID:nBSE96Hbqj

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** Shares of Federal Bank FED.NS and South Indian Bank SIBK.NS down 4.3% and 1.9%, respectively

** India's central bank asked SIBK and FED to stop adding new customers to their co-branded credit cards, the lenders said in separate stock exchange filings

** SIBK was down as much as 3.8% before paring some losses

** FED and SIBK on track to drop in fifth and sixth straight sessions, respectively, if trend holds

** Nomura says restrictions unlikely to have near-term NIM impact on FED but is a near-term dampener to brokerage's outlook that scale-up of unsecured retail is key driver for incremental loan growth and NIM expansion over FY24-26

** Brokerage maintains "Buy" rating on FED and PT of 190 rupees; it does not have a rating on SIBK

** FED and SIBK both have avg analyst rating of "Buy" - LSEG data

(Reporting by Varun Vyas in Bengaluru)

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MUMBAI, March 13 (Reuters) - India's central bank has asked South Indian Bank SIBK.NS and Federal Bank FED.NS 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 on-boarding any fresh customers in its co-branded credit cards until it complies with regulatory guidelines. It will continue servicing existing customers, it said.

Federal Bank said it has been asked to halt the issuance of new co-branded credit cards by the Reserve Bank of India (RBI).

"The Bank is in the process of rectifying the areas that are deficient and will seek regulatory clearance prior to resumption of new issuance," Federal Bank said.

The lenders did not disclose the reasons cited by the central bank but said the directive follows a recent change in rules for credit and debit cards.

As part of those rules, the RBI reiterated that co-branding partners of credit cards cannot access customer data or be involved in any of the processes after the initial issuance of the cards.

The banks, in their filings to the exchanges, did not specify whether the restrictions placed on them were due to a breach of this provision or another condition.

(Reporting by Ira Dugal; Editing by Sonia Cheema)

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** Shares of South Indian Bank SIBK.NS up 11% to 31.7 rupees

** Co reported Dec-qtr profit of 3.05 bln rupees ($36.69 million) vs 1.03 bln rupees year ago

** Dec-qtr provisions and contingencies rose 17.2% to 485.5 mln rupees; interest earned rose 15.1% to 21.84 bln rupees

** Stock has been trading above 200-day moving avg since Sept. 5, 2022 and above 100-day moving avg since May 31, 2023

** Avg rating of four analysts close to equivalent of "buy,"; median PT is 28 rupees - LSEG

** Stock sees busiest day since Aug. 18, 2023

($1 = 83.1280 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Jan 16 (Reuters) - South Indian Bank Ltd SIBK.NS:

• REVISED ONE YEAR MCLR TO 9.85% FROM 9.80% EFFECTIVE JAN 20

Source text for Eikon: ID:nNSE8G5vbr

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Jan 1 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SOUTH INDIAN BANK LTD- PROVISIONAL GROSS ADVANCES GREW 10.8% YOY AS OF DEC 31

• SOUTH INDIAN BANK LTD - PROVISIONAL TOTAL DEPOSIT AS ON DEC 31, GREW 9.37% YOY

Source text for Eikon: ID:nBSERXv9V

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** Shares of South Indian Bank SIBK.NS up as much as 3% at 27.45 rupees

** Lender approves fund raise of upto 17.50 bln rupees ($210.10 mln) through the issuance of shares on a rights basis

** SIBK trading above its 200-day moving avgs since Sept. 5, 2022 and 100-day avg since May 31

** Average rating of four analysts covering stock is "buy"; median PT is 27 rupees - LSEG

** Including Thursday's move, stock up 42.3% YTD

($1 = 83.2940 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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Dec 18 (Reuters) - South Indian Bank Ltd SIBK.NS:

• TO CONSIDER PROPOSAL TO AUGMENT CAPITAL

• TO CONSIDER PROPOSAL TO AUGMENT CAPITAL BY WAY OF ISSUE OF EQUITY SHARES OR ANY OTHER SECURITIES

• TO CONSIDER FUND RAISE VIA QUALIFIED INSTITUTIONAL PLACEMENT TOO

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Dec 13 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SOUTH INDIAN BANK LTD - CERTAIN FRAUDULENT ACTS WERE COMMITTED IN ONE OF THEIR BRANCHES BY AN EMPLOYEE OF BANK

• SOUTH INDIAN BANK LTD - UNAUTHORISED TRANSACTION IN CUSTOMER ACCOUNT WAS MADE

• SOUTH INDIAN BANK LTD - AMOUNT INVOLVED AS PER PRELIMINARY INVESTIGATION REPORT IS 280.7 MILLION RUPEES

• SOUTH INDIAN BANK LTD - BANK IS HOLDING ADEQUATE INSURANCE COVER AGAINST SUCH INCIDENTS

• SOUTH INDIAN BANK LTD - FLASH REPORT HAS BEEN FILED WITH RBI ON DECEMBER 13, 2023

Source text for Eikon: ID:nBSE2gYQ7J

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Oct 19 (Reuters) - South Indian Bank Ltd SIBK.NS:

• SEPT-QUARTER NET PROFIT 2.75 BILLION RUPEES VERSUS 2.23 BILLION RUPEES

• SEPT-QUARTER GROSS NPA 4.96% VERSUS 5.13% PREV QUARTER

• SEPT-QUARTER NET NPA 1.7% VERSUS 1.85% PREV QUARTER

• SEPT-QUARTER INTEREST EARNED 21.29 BILLION RUPEES VERSUS 17.4 BILLION RUPEES

• SEPT-QUARTER PROVISIONS AND CONTINGENCIES 512.5 MILLION RUPEES VERSUS 1.79 BILLION RUPEES

Source text for Eikon: ID:nBSEbvl1qt

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Oct 18 (Reuters) - South Indian Bank Ltd SIBK.NS:

• REVISES ONE YEAR MCLR TO 9.75% FROM 9.70%, EFFECTIVE OCT 20

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Sept 18 (Reuters) - South Indian Bank Ltd SIBK.NS:

• REVISES ONE YEAR MCLR TO 9.70% FROM 9.65%, EFFECTIVE SEPT 20

Source text for Eikon: ID:nBSE4VTFf2

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** Shares of South Indian Bank SIBK.NS rise as much as 9.95% to 23.2 rupees, biggest pct gain since July 12

** Lender on Thursday received RBI approval for the appointment of P R Seshadri as its managing director and CEO for three years

** More than 57.9 mln shares traded by 09:30 a.m. IST, 1.1x the 30-day avg

** SIBK trading above its 50-, 100- and 200-day simple moving averages, indicating bullish sentiment

** Stock up 12.3% YTD up to last close

(Reporting by Ashna Teresa Britto in Bengaluru)

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