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South Indian Bank Limited ( (IN:SOUTHBANK) ) just unveiled an update.
South Indian Bank Limited has announced its decision to exercise the call option on its Non-convertible, Redeemable, Fully Paid-Up, Unsecured, Basel III compliant Tier 2 Bonds, listed on BSE, with a face value of Rs. 1,00,000 each. This move, approved by the Board of Directors, is scheduled for September 12, 2025, and aligns with regulatory requirements, potentially impacting the bank’s financial strategy and stakeholder interests.
More about South Indian Bank Limited
South Indian Bank Limited is a prominent financial institution based in Thrissur, Kerala, India. It operates in the banking industry, offering a range of financial services including loans, deposits, and investment products, with a focus on serving the Indian market.
Average Trading Volume: 1,280,245
Technical Sentiment Signal: Strong Buy
Current Market Cap: 77.66B INR
Learn more about SOUTHBANK stock on TipRanks’ Stock Analysis page.