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South Indian Bank surges on entering into partnership with Religare Securities

18 Sep 2014 Evaluate

The South Indian Bank is currently trading at Rs. 27.90, up by 0.45 points or 1.64% from its previous closing of Rs. 27.45 on the BSE.

The scrip opened at Rs. 27.55 and has touched a high and low of Rs. 28.00 and Rs. 27.45 respectively. So far 126939 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.05 on 07-Jul-2014 and a 52 week low of Rs. 19.65 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 29.30 and Rs. 27.20 respectively. The current market cap of the company is Rs. 3733.77 crore.

The institutions and non-institutions held 52.69% and 47.31% stake in the company, respectively.

South Indian Bank has entered into strategic partnership with Religare Securities to offer online trading platform to its customers. Under this partnership, the bank's customers will get savings and depository accounts along with Religare's online trading account. It will form part of a convenient 3 in 1 account for the bank's customers (savings account, demat account and trading account). The bank’s partnership with Religare is a one of the step to provide the whole range of financial products to its valuable customers under one roof. This alliance will enable the bank to expand its bouquet of capital market related facilities for its customers.

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 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.

South Indian Bank Share Price

38.95 0.17 (0.44%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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