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Regulatory Approval

South Indian Bank Regulatory Approval

The South Indian Bank Limited received RBI approval for Kotak Mahindra Bank Limited to acquire up to a 9.99% aggregate holding in the bank. The approval is subject to compliance with Banking Regulation Act provisions and RBI directions. This regulatory clearance allows Kotak Mahindra Bank to increase its strategic stake in the private lender.

Source

NSE filing, NSE: SOUTHBANK. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

South Indian Bank Ltd: key numbers

Share price
₹55.49
Market cap
₹14,540 Cr
Revenue (annual)
₹9,846 Cr
Net profit (annual)
₹1,456 Cr
P/E (TTM)
9.2×Sector 19.8×
Promoter holding
0.00%+0.00% QoQ
FII holding
25.57%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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