South Indian Bank Current Affairs, GK & News

ESAF Small Finance Bank (SFB) getsRBI nod to operate as a scheduled bank

As per 2nd schedule of the RBI Act of 1934, the ESAF Small Finance Bank (SFB) Ltd has got approval from Reserve Bank of India (RBI) to operate as a scheduled bank. This makes ESAF the fifth scheduled bank from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank. Being a ..



RBI permits foreign buyers to invest in South Indian Bank

The Reserve Bank of India (RBI) has given its permission to foreign investors to buy shares in South Indian Bank. The restrictions placed on the purchase of shares of the South India Bank are withdrawn with immediate effect. At this point, equity shares of South Indian Bank can be purchased through primary market and stock ..