SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

South Indian Bank gets nod to raise up to Rs 20 crore through QIP

17 Jul 2014 Evaluate

South Indian Bank has received an approval to augment the paid-up capital by issue of equity shares not exceeding Rs 20 crore in nominal value through Qualified Institutional Placement (QIP). The price and time of the issue will be intimated in due course. The board of directors at its meeting held on July 16, 2014, has approved for the same.

The bank’s net profit for the quarter ended June 30, 2014 rose by 10.28% at Rs 126.65 crore as compared to Rs 114.84 crore for the quarter ended June 30, 2013. Its total Income has increased by 9.15% to Rs 1465.84 crore for the quarter under review from Rs 1342.88 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 1.50%, as compared to 1.57% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.91% in Q1FY15 as compared to 1.12% in the same quarter of the previous year.

South Indian Bank Share Price

38.58 -0.52 (-1.33%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 784.90
ICICI Bank 1326.30
Axis Bank 1366.10
Kotak Mahindra Bank 371.20
Indusind Bank 848.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×