SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

South Indian Bank rises after RBI allows FIIs to purchase shares in the bank

07 Mar 2017 Evaluate

South Indian Bank is currently trading at Rs. 20.65, up by 0.35 points or 1.72% from its previous closing of Rs. 20.30 on the BSE.

The scrip opened at Rs. 20.95 and has touched a high and low of Rs. 20.95 and Rs. 20.45 respectively. So far 13,26,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 23.12 on 07-Oct-2016 and a 52 week low of Rs. 15.43 on 29-Mar-2016.

Last one week high and low of the scrip stood at Rs. 21.30 and Rs. 19.65 respectively. The current market cap of the company is Rs. 3,085.24 crore.

The Institutions and Non-Institutions held 50.36% and 49.64% respectively in the bank.

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. The restrictions placed on the purchase of shares of the bank are withdrawn with immediate effect.

The central bank has notified that the aggregate foreign share holdings by FIIs/Registered Foreign Portfolios Investors (RFPIs)/Non Resident Indian (NRI)/Persons of Indian Origin (PIO)/Foreign Direct Investment (FDI)/American Depository Receipts (ADR)/Global Depository Receipts (GDR) under Portfolio Investment Scheme (PIS) in South Indian Bank have gone below the prescribed threshold caution limit stipulated under the extant FDI policy.

South Indian Bank has reported 9.59% rise in its net profit at Rs 111.38 crore for the quarter ended December 31, 2016 as compared to Rs 101.63 crore for the same quarter in the previous year. Total income of the Bank increased by 11.31% at Rs 1737.47 crore for Q3FY17 as compared Rs 1560.98 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
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:

×