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South Indian Bank gains on entering into tie-up with NAB

09 May 2016 Evaluate

South Indian Bank is currently trading at Rs. 18.15, up by 0.15 points or 0.83% from its previous closing of Rs. 18.00 on the BSE.

The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 18.20 and Rs. 18.00 respectively. So far 1,42,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.90 on 06-Jul-2015 and a 52 week low of Rs. 16.40 on 29-Feb-2016.

Last one week high and low of the scrip stood at Rs. 18.30 and Rs. 17.65 respectively. The current market cap of the company is Rs. 2,450.81 crore.

The Institutions and Non-Institutions held 51.62% and 48.38% respectively.

South Indian Bank has entered into a tie-up with National Australian Bank (NAB) for online inward remittances from Australia at a competitive rate. The arrangement enables faster, hassle-free remittances through internet at the best exchange rates. NAB will be South Indian Bank’s main banking correspondent in Australia.

As the exchange rate is decided by South Indian Bank, NRI customers in Australia would get the best possible rates. The remitted money can be either converted into Indian rupee or maintained in Australian dollar.

South Indian Bank is also having tie-ups with leading banks and exchange houses in the USA, Europe, and Asia.


South Indian Bank Share Price

38.95 0.17 (0.44%)
17-Apr-2026 16:59 View Price Chart
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