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South Indian Bank eyes more than double balance sheet size by 2020: Report

13 Apr 2016 Evaluate

South Indian Bank is reportedly aiming to garner more than double balance sheet size as well as profit by 2020. The bank has set a target of reaching to Rs 2 lakh crore business by 2020 from Rs 94,042 crore at the end of December and Rs 1,000 crore net profit from a mere Rs 307 crore in the fiscal 2014-15.

In this regard, the Kerala-based bank with over two-third concentration in the southern markets has hired International Finance Corporation to advise it on rejig and prepare a roadmap to achieve the targets.

Peers
Company Name CMP
HDFC Bank 692.60
ICICI Bank 1354.00
Axis Bank 1247.00
Kotak Mahindra Bank 438.70
Indusind Bank 865.40
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