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South Indian Bank
3.5
based on 449 Reviews
Company Overview
Company Locations
Working at South Indian Bank
Company Summary
South Indian Bank offers wide range of banking services including loans, insurance, credit cards, saving account, fixed deposits, mutual funds and money transfer
Overall Rating
3.5/5
based on 449 reviews
8% below
industry average
Highly rated for
Job security, Salary
Critically rated for
Work satisfaction, Promotions, Work-life balance
Work Policy
Work from office
93% employees reported
Alternate Saturday off
54% employees reported
Strict timing
72% employees reported
Within city
44% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
23 employees reported
Health insurance
22 employees reported
Professional degree assistance
6 employees reported
Office cab/shuttle
5 employees reported
View all benefits
About South Indian Bank
Founded in1929 (96 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersThrissur/Trichur, Kerala, India
Office Locations
--
Websitesouthindianbank.com
Primary Industry
Other Industries
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One of the earliest banks in South India, "South Indian Bank" came into being during the Swadeshi movement. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest
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South Indian Bank Ratings
based on 449 reviews
Overall Rating
3.5/5
How AmbitionBox ratings work?
5
134
4
127
3
98
2
43
1
47
Category Ratings
3.9
Job security
3.9
Salary
3.2
Skill development
3.1
Company culture
3.1
Work-life balance
3.0
Promotions
3.0
Work satisfaction
South Indian Bank is rated 3.5 out of 5 stars on AmbitionBox, based on 449 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at South Indian Bank
based on 410 reviews
3.2
Rated by 111 Women
Rated 3.8 for Job security and 3.7 for Salary
3.6
Rated by 299 Men
Rated 3.9 for Salary and 3.9 for Job security
Work Policy at South Indian Bank
based on 63 reviews in last 6 months
Work from office
93%
Hybrid
4%
Permanent work from home
3%
South Indian Bank Reviews
Top mentions in South Indian Bank Reviews
+ 5 more
Compare South Indian Bank with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.5/5 based on 449 reviews | 3.6/5 based on 970 reviews | 3.3/5 based on 825 reviews | 3.8/5 based on 792 reviews |
Highly Rated for | Salary Job security | No highly rated category | No highly rated category | Job security Salary |
Critically Rated for | Promotions Work satisfaction Work-life balance | Promotions Work-life balance Company culture | Work-life balance Company culture Promotions | Promotions Work satisfaction |
Primary Work Policy | Work from office 93% employees reported | Work from office 95% employees reported | Work from office 93% employees reported | Work from office 94% employees reported |
Rating by Women Employees | 3.2 Average rated by 111 women | 3.6 Good rated by 144 women | 3.5 Good rated by 186 women | 3.7 Good rated by 192 women |
Rating by Men Employees | 3.6 Good rated by 299 men | 3.6 Good rated by 777 men | 3.3 Average rated by 591 men | 3.9 Good rated by 547 men |
Job security | 3.9 Good | 3.6 Good | 3.7 Good | 4.2 Good |
View more
South Indian Bank Salaries
South Indian Bank salaries have received with an average score of 3.9 out of 5 by 449 employees.
Probationary Officer
(129 salaries)
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₹5 L/yr - ₹14.1 L/yr
Clerk
(77 salaries)
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₹2 L/yr - ₹7 L/yr
Branch Manager
(73 salaries)
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₹8 L/yr - ₹19 L/yr
Customer Service Executive
(52 salaries)
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₹2 L/yr - ₹8 L/yr
Chief Manager
(40 salaries)
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₹14.2 L/yr - ₹26 L/yr
Credit Analyst
(38 salaries)
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₹8.3 L/yr - ₹18.5 L/yr
Regional Sales Manager
(36 salaries)
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₹9 L/yr - ₹22 L/yr
Branch Head
(33 salaries)
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₹10 L/yr - ₹19 L/yr
Brach Operation Manager
(33 salaries)
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₹8.2 L/yr - ₹15.5 L/yr
Customer Service Associate
(32 salaries)
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₹2 L/yr - ₹8 L/yr
South Indian Bank Interview Questions
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South Indian Bank News
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South Indian Bank post 12% rise in net profit at ₹341.87 crore in Q3 FY25
- South Indian Bank reported a 12% rise in net profit at ₹341.87 crore in Q3 FY25.
- The bank attributed the growth to the retail and MSME segments, which it is aggressively expanding.
- Slippages reduced to 33 basis points, contributing to a decrease in net NPAs and overall financial stability.
- The bank also saw growth in retail deposits, NRI deposits, and CASA, indicating a positive trend.
HinduBusinessLine | 21 Jan, 2025
South Indian Bank Q3 Results: Profit Rises 12%
- South Indian Bank reported a 12% rise in net profit for the October-December period.
- The bank's gross non-performing asset increased to 4.30% sequentially.
- The stock price of South Indian Bank declined by 5.70%.
- Analysts have a mixed rating for the bank, with four maintaining a 'buy' rating and two recommending a 'hold'.
Bloomberg Quint | 21 Jan, 2025
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Q3 Results Today: Tata Tech, South Indian Bank, Cyient DLM Among 30+ Companies To Declare Quarterly Results
- 32 companies will declare their Q3 results today, including Tata Technologies, South Indian Bank, Cyient DLM, and more.
- Some other major companies announcing their earnings include KEI Industries, PNB Housing Finance, UCO Bank, Aditya Birla Real Estate, and more.
- Tata Technologies reported a 2.1% YoY increase in consolidated revenue, while net profit declined by 1.9% YoY.
- KEI Industries reported a 17% YoY increase in revenue and an 11% YoY increase in net profit for the quarter.
Bloomberg Quint | 21 Jan, 2025
Stock Market Today: All You Need To Know Going Into Trade On Jan. 2
- Indian benchmark equity indices closed higher in the first trading day of 2025.
- Foreign portfolio investors have been net sellers for the 12th straight session.
- Indian rupee weakened by 4 paise to close at 85.65 against the US dollar.
- Stocks to watch include NMDC, Tata Motors, CSB Bank, Maruti Suzuki India, South Indian Bank, Sandur Manganese & Iron Ores, RailTel Corp., NTPC, DCX Systems, Mazagon Dock Shipbuilders.
- Indo Farm Equipment public issue subscribed 54.55 times on day two.
- Sterling Tools promoter Atul Aggarwal sold 58,440 shares, while promoter Rahul Gautam bought 17,500 shares in December.
- Manappuram Finance is in the securities in ban period.
- Indian rupee weakened by 4 paise against the US dollar on the first trading session of 2025.
- Ceigall India to meet investors and analysts on Jan. 6.
- Nifty Options Jan. 2 Expiry: Maximum call open interest at 24,500 and maximum put open interest at 23,000.
Bloomberg Quint | 2 Jan, 2025
South Indian Bank Posts 12% Jump In Gross Advances In December Quarter
- South Indian Bank's gross advances jumped 12% to Rs 86,965 crore in the December quarter.
- Deposits grew by 6.28% to Rs 1.05 lakh crore compared to the same period last year.
- CASA ratio fell to 31.16% from 31.80%, impacting the cost of funds.
- The bank's net profit for the September quarter stood at Rs 325 crore, up 18.2% YoY.
Bloomberg Quint | 1 Jan, 2025
South Indian Bank Share Price Target 2025-2030
- South Indian Bank is one of India's oldest private sector banks, offering various financial services.
- The bank's share price target for 2025 ranges from Rs 34 to Rs 73.
- The share price target for 2026 to 2030 shows a gradual increase from Rs 45.94 to Rs 87.23.
- Investors should note that stock market predictions are unpredictable and expert advice is recommended.
VIE Stories | 30 Dec, 2024
South Indian Bank opens second mega currency chest in Kakkanad
- South Indian Bank has opened its second mega currency chest in Kakkanad.
- The currency chest will cater to the bank's branches within Ernakulam and adjacent regions.
- This expansion is expected to streamline cash management and enhance operational efficiency.
- The addition of the currency chest strengthens South Indian Bank's infrastructure and commitment to meeting customer needs.
HinduBusinessLine | 27 Nov, 2024
What prompted RBI’s warning against errant gold lending practises?
- The RBI has warned against errant gold lending practices after observing a rapid rise in gold loan portfolios of banks and NBFCs.
- South-based banks like Federal Bank and South Indian Bank have witnessed significant growth in their gold loan portfolios.
- The RBI has also taken action against NBFCs, including IIFL Finance and Capri Global Capital, for irregular practices in gold lending.
- The central bank's notification highlighted several irregular practices adopted by lenders, such as improper gold valuation and use of internal accounts for loan disbursement and repayment.
HinduBusinessLine | 25 Nov, 2024
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South Indian Bank FAQs
When was South Indian Bank founded?
South Indian Bank was founded in 1929. The company has been operating for 96 years primarily in the Banking sector.
Where is the South Indian Bank headquarters located?
South Indian Bank is headquartered in Thrissur/Trichur, Kerala.
How many employees does South Indian Bank have in India?
South Indian Bank currently has more than 3,200+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in South Indian Bank based on the number of reviews submitted on AmbitionBox.
Does South Indian Bank have good work-life balance?
South Indian Bank has a work-life balance rating of 3.1 out of 5 based on 400+ employee reviews on AmbitionBox. 42% employees rated South Indian Bank 3 or below, while 58% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read South Indian Bank work-life balance reviews for more details
Is South Indian Bank good for career growth?
Career growth at South Indian Bank is rated as moderate, with a promotions and appraisal rating of 3.0. 42% employees rated South Indian Bank 3 or below, while 58% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading South Indian Bank promotions/appraisals reviews for more detailed insights.
What are the pros and cons of working in South Indian Bank?
Working at South Indian Bank comes with several advantages and disadvantages. It is highly rated for job security and salary & benefits. However, it is poorly rated for work satisfaction, promotions / appraisal and work life balance, based on 400+ employee reviews on AmbitionBox.
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