South Indian Bank has launched SIB Mirror, an innovative mobile application, with shake to transfer funds and shake to know the balance features. This new application acts as a virtual branch that offers different menus for transferring funds, tracking daily transactions, calculating interest, applying for deposits and loans and much more.
The bank posted a fall of 86.90% in its net profit at Rs 16.32 crore for the quarter ended March 31, 2015 as compared to Rs 124.60 crore for the same quarter in the previous year. However, total income of the bank increased by 3.23% at Rs 1444.37 crore for quarter under review as compared to Rs 1399.18 crore for the quarter ended March 31, 2014.
