SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

South Indian Bank to raise Rs 500 crore in one or more tranches

05 Aug 2016 Evaluate

South Indian Bank will raise an amount not exceeding Rs 500 crore in one or more tranches, within the overall borrowing limits of the bank. The bank will raise funds by issuing debt securities, long-term infrastructure bonds on a private placement basis to augment business requirements.

The bank will borrow the funds in Indian or foreign currency. It has appointed International Finance Corporation (IFC) as a consultant for advisory support for augmenting business across various verticals to achieve the strategic pact-2020 vision, Rs 2,00,00 crore turnover and Rs 1,000 crore net profit.

Further, the bank will open 50 offices, including new branches and extension counters, and 150 ATMs during the current fiscal 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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×