South Indian Bank

The main activity of South Indian Bank is retail banking and financial services. The bank offers a wide range of products and services, including:

• Accounts and deposits: savings accounts, term deposits, financial inclusion.
• Loans: personal loans, auto loans, home loans, gold loans, student loans, loans against securities, business loans.
• Cards: debit cards, credit cards, travel cards, gift cards, prepaid cards.
• Investments: mutual funds, sovereign gold bonds, Demat accounts, retirement schemes (APY, NPS).
• Insurance: life, health, general insurance, and social insurance products.
• Digital banking services: online banking, mobile banking, WhatsApp Banking, account aggregator, payment services (UPI, FASTag, payment gateways).
• Corporate services: current accounts, working capital finance, supply chain financing, international financing, treasury management, merchant payment services.
• Non-resident (NRI) services: NRI accounts and deposits, international money transfers, foreign exchange services, investment and insurance products tailored to Indian expatriates.

South Indian Bank primarily serves individuals, businesses (SMEs and large corporations), as well as non-resident Indians (NRIs), with a strong presence in India and services tailored to the Indian diaspora abroad.

History and key milestones in the development of South Indian Bank

South Indian Bank is one of the first banks in southern India, founded in Thrissur, in the state of Kerala, during the Swadeshi movement. It was created by a group of enterprising men who wanted to provide the population with a safe, efficient, and service-oriented institution for managing savings.

Key milestones in its development:

• Establishment: South Indian Bank was founded in Thrissur, Kerala, in the former state of Cochin, with the aim of meeting local financial needs and promoting savings.
• Network expansion: The bank has experienced continuous growth, expanding its network to 948 branches, 1,146 ATMs, and 126 CDM/CRMs across India.
• Product development: South Indian Bank offers a wide range of products and services: savings accounts, term deposits, personal loans, home loans, car loans, gold loans, debit and credit cards, investments (mutual funds, sovereign gold bonds, Demat accounts), insurance (life, health, general), and digital services (online banking, mobile, WhatsApp Banking).
• Digitalization: The bank has launched innovative digital solutions such as SIBerNet (online banking), SIB Mirror+ (mobile banking), and WhatsApp Banking, providing a modern banking experience accessible 24/7.
• Recognition and awards: South Indian Bank has received several recent distinctions, including the IBA Technology Awards 2025, Infosys Finacle Innovation Awards 2025, and the UiPath Automation Excellence Award, highlighting its commitment to technological innovation.
• Services for Non-Resident Indians (NRI): The bank has developed dedicated services for NRI clients, including remote account opening, international transfers, and tailored investment solutions.
• Commitment to compliance and governance: South Indian Bank regularly publishes its financial results, annual reports, and investor information, and adheres to corporate governance and regulatory compliance standards.

Today, South Indian Bank positions itself as a modern, innovative, and customer-oriented bank, while remaining true to its roots and original mission: to offer safe and accessible financial solutions to all.

South Indian Bank was founded in 1929 in Thrissur, Kerala, India. The main founder is a group of local entrepreneurs and community leaders, with the most prominent figure being V.K. Manavikraman Maharaja, who played a key role in the creation of the bank.

Regarding the current leadership team (as of March 2026), the main members are:

• Murali Ramakrishnan – Managing Director & CEO
• V.G. Mathew – Former Managing Director & CEO (until 2020)
• Thomas Joseph K – Executive Vice President & Chief Business Officer
• George Thomas – Chief Financial Officer
• Jacob John – Chief Risk Officer

For the complete and up-to-date list of board members and the leadership team, it is recommended to consult the bank’s official page: South Indian Bank – Leadership.