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South Indian Bank surges after RBI allows FIIs to buy shares

25 Feb 2015 Evaluate

The South Indian Bank is currently trading at Rs 27.45, up by 1.10 points or 4.17% from its previous closing of Rs. 26.35 on the BSE.

The scrip opened at Rs 27.10 and has touched a high and low of Rs 28.30 and Rs 27.10 respectively. So far 718815 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. 20.60 on 04-Mar-2014.

Last one week high and low of the scrip stood at Rs 27.65 and Rs 26.10 respectively. The current market cap of the company is Rs. 3726.42 crore.

The Institutions and Non-Institutions held 41.97% and 58.03% respectively.

Reserve Bank of India (RBI) has allowed Foreign Institutional Investors (FIIs) to buy shares in South Indian Bank as the foreign shareholding in the company has gone below the prescribed limit. Accordingly the restrictions placed on the purchase of shares of the bank are withdrawn with immediate effect.

RBI has notified that the aggregate share holdings in South Indian Bank by Non-Resident Indians (NRI) /Persons of Indian Origin (PIO)/FII/Registered Foreign Portfolios Investors (RFPIs) and through Global Depository Receipts (GDR)/American Depository Receipts (ADR)/Foreign Direct Investment (FDI) in the primary/secondary markets have gone below the prescribed threshold ban limit stipulated under the extant FDI policy.

South Indian Bank has registered a fall of 37.78 % in its net profit after tax at Rs 87.93 crore for third quarter ended December 31, 2014 as compared to Rs 141.31 crore for the same quarter in the previous year. However, total income of the bank has increased 9.92 % at Rs 1467.13 crore for Q3FY15 as compared Rs 1334.74 crore for the corresponding quarter 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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