South Indian Bank Revamping To Remain Competent: IDBI Capital  
Customers wait in line to withdraw cash from a South Indian Bank Ltd. automated teller machine (ATM) branch in Coonoor, Tamil Nadu, India. (Photographer: Dhiraj Singh/Bloomberg)

South Indian Bank Revamping To Remain Competent: IDBI Capital  

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

IDBI Capital Report

We attended analyst meet hosted by The South Indian Bank Ltd. which showcased its vision for 2024.

Management highlighted its strategies for near to long term with focus on 6Cs, launching new product; creating robust operational team supported by technology platform and revamping credit policy with focus on quality.

Also, leveraging existing and new talent pool to improve underwriting through training and experts, build strong analytical tools for portfolio, and improve collection through analytics, managing non-performing asset through focus on recoveries and rationalization of branches and ATMs.

The Bank lays its vision for 2024 with philosophy of “Fair to customers, Fair to bank”.

Click on the attachment to read the full report:

IDBI Capital South Indian Bank Company Update.pdf

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