Is South Indian Bank good investment?

Is money safe in South Indian Bank?

So, Kotak Bank, HDFC Bank, RBL Bank, ICICI Bank, Axis Bank, and IndusInd Bank are said to be ‘safe’, while Federal Bank, Karur Vysya Bank, Karnataka Bank, Dhanlaxmi Bank and South Indian Bank are in the ‘red zone’.

Is South Bank a good buy?

As on 15th Nov 2021 SOUTHBANK Share Price closed @ 9.20 and we RECOMMEND Sell for LONG-TERM with Stoploss of 9.83 & Strong Sell for SHORT-TERM with Stoploss of 9.95 we also expect STOCK to react on Following IMPORTANT LEVELS.

Do South Indian Bank have zero balance account?

South Indian Bank offers different types of savings accounts with various features and benefits.

South Indian Bank Minimum Balance Requirement.

Savings Account Type Average Monthly Balance Requirement
Junior Savings Contact the bank
SB Invest Nil

Is South Indian Bank private or government?

About Us | Leading Private Bank in India – South Indian Bank.

Can South Indian Bank be a multibagger?

Many retail investors are betting on South Indian Bank to become the next multibagger in Banking sector. … However, during the same period the Bank Nifty index has performed really well and its has more than doubled, many bank stocks have returned 200% to 400% returns during the same period.

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Why is South Indian Bank 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.

Which bank merged with South Indian Bank?

SIB shares ended almost flat at Rs 69.60 on the Bombay Stock Exchange on Tuesday. subsequently merged with bigger banks. The latest was the merger of United Western Bank with IDBI.

Is South Indian Bank share target price?

Investec has a ‘hold’ rating on South India Bank with a target of Rs 12. … This brokerage has a ‘sell’ rating with a target of Rs 9 on the stock.

What is the size of gold loan book in India?

SBI saw a nearly sixfold rise in gold loans. Its gold loan book stood at ₹20,987 crore as of 31 March. SBI’s proportion of gold loans is only 2% of its overall retail loan book of ₹8.7 trillion, but the bank has relied on these secured loans to drive its credit growth this year.