Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
South Indian Bank Limited ( (IN:SOUTHBANK) ) has shared an announcement.
South Indian Bank Limited has announced the allotment of 188,082 equity shares under its SIB ESOS Scheme – 2008. This allotment, approved by the Nomination and Remuneration Committee, involves the exercise of stock options by eligible grantees, resulting in an increase in the bank’s issued and subscribed capital to Rs. 261.70 crore. This move is part of the bank’s ongoing efforts to incentivize employees and align their interests with the company’s growth, potentially enhancing employee motivation and retention.
More about South Indian Bank Limited
South Indian Bank Limited is a prominent financial institution in India, primarily engaged in providing banking and financial services. It operates within the banking industry, offering a wide range of services including retail banking, corporate banking, and treasury operations. The bank is headquartered in Thrissur, Kerala, and is known for its focus on customer-centric services and technological advancements in banking.
Average Trading Volume: 3,333,863
Technical Sentiment Signal: Buy
Current Market Cap: 100.3B INR
Find detailed analytics on SOUTHBANK stock on TipRanks’ Stock Analysis page.