Credit rating agency, CARE has reaffirmed A1+ rating to South Indian Bank’s certificate of deposits worth Rs 4,000 crore. The bank has received the said rating reaffirmation on the back of its long track record of operations, comfortable capitalization levels and profitability parameters, good asset quality and stable growth in the business.
South Indian Bank (SIB) was the first ‘scheduled bank’ among the private sector banks in Kerala. Under Personal Banking segment, the bank offers wide range of personal banking products and services such as deposit, saving, loans, internet banking, mobile banking, demat services, credit card, debit card, etc. The bank also offers mutual funds products of various funds houses such as ICICI Prudential AMC, Franklin Templeton, TATA Mutual Fund, etc.
