South Indian Bank Recruitment for Probationary Clerks & Probationary Officer Posts 2019

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South Indian Bank has published Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.


Posts:
Probationary Officer Scale: 160 Post
Probationary Clerk: 385 Post

Total No. of Posts: 545

Educational Qualification: Candidates having their 10th, 12th Graduation Degree with Minimum 60% marks under Regular course from a recognized university/Institute will be considered for this Recruitment.

Pay Scale: 
Clerk: Rs. 11775/- to Rs. 31540/-
PO: Rs.23,700/- to Rs. 42020/-

Age Limit: (As on 31/December/2017)
Clerk: Candidates sharing their DOB between 01/July/1993 to 30/June/2000 will be eligible for this recruitment
PO: Candidates sharing their DOB between 01/July/1994 to 30/June/2000 will be eligible for this recruitment

Age relaxation (Upper Age Limit):  SC/ST-05 Years

Application Fees: 
Clerk
General/OBC- Rs.600/-
SC/ST – Rs. 150/-

Probationary Officer
General/OBC- Rs.800/-
SC/ST – Rs. 200/-

Payment will be made by Credit card/Debit card/Net Banking

Selection Process: Candidates will be selected based on  Online Test and Personal Interview.

How to Apply: Interested Candidates may Apply Online Through official Website.



Official Website: Click Here

Important Dates:
Starting Date of Online Application: 19-06-2019
Last Date to Apply Online: 30-06-2019
Last date for printing your application: 15-07-2019
Online Test Date:
Probationary Clerk: 26-07-2019
Probationary Officer: 25-07-2019


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South Indian Bank Recruitment of Managers for IT, Credit, Forex Posts 2019

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South Indian Bank has published Advertisement for below mentioned Posts 2019. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below in the advertisement.

Posts:

  • Officers / Executives for Credit: 10
    • Age Limit: 40 / 45 years
    • Pay Cadre: Scale IV / Scale V
  • Manager (IT) / Senior Manager (IT): 14
    • Age Limit: 40 years
    • Pay Cadre: Scale II / Scale III
  • Officers / Executives for Forex / Treasury: 05
    • Age Limit: 50 / 45 / 40 / 35 years
    • Pay Cadre:Scale VI / Scale V / Scale IV / Scale III

Total No. of Posts: 29


Educational Qualification: 

  • Officers / Executives for Credit: (1) Minimum 60%  in B.Sc/ M.Sc in Agriculture/ equivalent PG courses in Agribusiness (OR) Minimum 60% in MBA (Finance/ Banking) OR Chartered Accountant. (2) Minimum 10 Years experience in Banking Industry.
  • Manager (IT) / Senior Manager (IT): (1) Minimum 60% in B.Tech/B.E (CS/ IT/ EC/ EEE/ AEI) (OR) Minimum 60% in MCA/ M.Sc (IT/ CS). (2) 02-04 years experience.
  • Officers / Executives for Forex / Treasury: (1) Graduation in any discipline. (2) Minimum 15 / 08 / 04 / 03 years Work Experience as a Forex/ Domestic Dealer in any commercial Bank/ Reputed Financial Institution/ Corporate.



Application Fee: Rs. 800/- excluding GST and other applicable charges.


Selection Process: Candidates will be selected based on an interview.


Important Dates:  Last Date to Apply Online: 18-05-2019



How to Apply: Interested Candidates may Apply Online Through official Website.

Credit Notification : Click Here

IT Notification: Click Here


Forex / Treasury: Click Here

Apply Online: Click Here
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South Indian Bank Q4 net profit falls 38%

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The net profit of South Indian Bank fell 38 per cent in Q4 of FY19 at Rs.70.51 crore, against Rs.114.10 crore in the corresponding period of the previous fiscal on higher loan-loss provisions.
However, the operating profit in Q4 grew 16 per cent to Rs.328 crore from Rs.311 crore, which is a healthy sign for the bank, said VG Mathew, MD and CEO.
The clean-up of the large corporate book, which has been going on for the last four years, has come to an end.
Even in the current quarter, non-corporate NPAs are only Rs.250 crore, despite a sharp spike in agri NPAs (Rs.100 crore).
On agri NPAs, he said there has been some delay in payments because of certain customer expectations with regard to debt-waiver schemes and concessions.
The bank has a corporate NPA of Rs.114 crore due to the failure of a borrower (a Kerala-based medical college) to get approval renewed from the regulatory authority.
The bank showed strong recovery performance during the year and achieved the targeted level of Rs.500 crore.
On credit-growth prospects, Mathew said the bank is targeting 20 per cent growth, for which everything was in place. The retail portfolio accounts for 29 per cent of the loan book, which takes the bank closer to the stated objective of becoming a retail banking powerhouse.
Over the last four years, the bank has stayed away from various stressed sectors.
“With the legacy problem of the large corporate sector under control and with strong growth in the retail and MSME sectors, we are on the threshold of a period of a stable and risk-controlled growth and expansion,” he added.
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South Indian Bank's Q3 net profit down 27%

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The elevated provisions for NPAs have dragged down the net profit of the private sector lender South Indian Bank  in the third quarter of FY19. The bank posted a 27% drop in PAT at Rs.83.85 crore vis-a-vis Rs.115 crore in the corresponding period of the previous fiscal.
However, the operating profit is marginally better than last year at Rs.332 crore compared to Rs.330 crore during Q3 of FY 18.
VG Mathew, MD & CEO, said that the bank has reckoned IL&FS exposure of Rs.400 crore as NPA during the current quarter with a 15 per cent provision which dragged down the PAT. With this, SIB has finally come out of the stress in its large corporate portfolio which had been a major challenge during the last four years. The bank, he said, is now firmly on its path of business expansion driven by retail, MSME, agriculture and mid-corporate segments.

The other income increased by Rs.28 crore to Rs.187 crore and the business increased by Rs.17,171 crore to Rs.1,37,729 crore, achieving a growth of 14.24 per cent.
The deposits increased by Rs.9,556 crore to Rs.77,665 crore and CASA increased by Rs.1,976 crore to Rs.18,905 crore. CASA now stands at 24.34 per cent of total deposits. The NRI deposits showed a healthy growth with the NRI deposit accounting for 27.01 per cent of total deposits. The recently opened Representative Office in Dubai is helping the bank to consolidate the NRI base.
The advances increased by Rs.7,615 crore to Rs. 60,064 crore.
The Capital Adequacy Ratio stands at 11.81 per cent as on December 31, 2018.
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South Indian Bank Q2 profit surges 16-fold

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South Indian Bank has announced Q2 FY19 results with a quarterly net profit of ₹70.13 crore against ₹4.32 crore in the corresponding period of the previous fiscal.

Expressing satisfaction on the overall business performance, VG Mathew, Managing Director and CEO, told reporters that a clear shift of focus to retail, agriculture and MSME, has consistently started delivering improvement in the bank’s performance.
The lender’s asset quality remained stable with only a minor decline to 4.61 per cent from 4.54 per cent. Its net NPA improved to 3.16 per cent in September from 3.27 per cent in June, and business increased by ₹15,465 crore to ₹1,32,324 crore, registering a 13 per cent growth.
Deposits increased by ₹7,769 crore to ₹74,911 crore, posting a growth of 11.57 per cent. CASA increased by ₹1,903 crore to ₹18,388 crore, and it now stands at 24.55 per cent of total deposits. NRI deposits showed a healthy growth of 14.43 per cent with deposits accounting for 27.27 per cent of total deposits.
Advances increased by ₹7,696 crore to ₹57,413 crore, registering a credit growth of 15.48 per cent. Growth drivers continue to be retail, agriculture and MSME sectors. The bank’s capital adequacy ratio stands at 12.11 per cent as on September 30.

Mathew said the bank is targeting a 20 per cent growth in agriculture advances as five regions across South India – Hyderabad, Chennai, Madurai, Coimbatore and Bengaluru – have been contributing significantly to its agri-loan portfolio. Growth in this segment in Q2 was almost 8 per cent.
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South Indian Bank Q1 net profit declines 77.30%

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South Indian Bank has posted a decline in its net profit in Q1 of FY19 at Rs. 23.04 crore against Rs. 101.47 crore in the corresponding period of the previous fiscal.
The major reason for the decline in profit was the substantial reduction in Treasury Trading profit by Rs.73 crore and incremental MTM provision in the Treasury Book to the tune of Rs.41 crore due to adverse market conditions, besides incremental one time employee cost of Rs.33 crore due to increase in gratuity ceiling and wage revision. But for the impact of these items, the net profit would have been Rs.119 crore for Q1.
According to V G Mathew, MD & CEO, the bank is continuing its focus on retail and MSME advances. Retail advances have grown by 27 per cent and MSME advances have grown by 21 per cent. The bank is also vigorously pursuing the asset quality issues pertaining to corporate sector. As a result of this, the gross and net NPA levels have shown an increase by 93 bps and 73 bps respectively.

Sequentially the bank’s low cost deposit has grown by 4 per cent in Q1 of current financial year. Non Resident CASA also has shown a growth of 5 per cent on a quarter to quarter basis, he said.
The overall business performance is in line with the guidance with a clear shift of focus to retail, MSME and agriculture. The gross business increased by Rs.15,689 crore to Rs.1,28,652 crore. The deposits increased by Rs.6,697 crore to Rs.72,488 crore. CASA increased by Rs.1,297 crore to Rs.17,883 crore and advances increased by Rs.9,172 crore to Rs.56,164 crore.
The Capital Adequacy Ratio stands at 12.23 per cent as on June 30.
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South Indian Bank Recruitment for Probationary Officers (PGDBF) 2018

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The South Indian Bank Ltd., A Premier Commercial Bank in India, is inviting online applications from Indian Nationals for Recruitment of Probationary Officers In Scale-I Cadre on successful completion of Post Graduate Diploma in Banking & Finance (PGDBF) Course.. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.



Posts: Probationary Officers (Scale I)


Name of the Course: Post Graduate Diploma in Banking & Finance (PGDBF) Course


Total No. of Vacancies: 100


Educational Qualification: X/ SSLC, XII/ HSC & Graduation with minimum 60 % marks under regular course.


Job Profile :

  • The selected candidates can be posted in any roles/ profiles at any branches /offices/ departments as per the sole discretion and requirements of the Bank from time to time.
  • The job role/ profile include branch banking, credit, business development, marketing, forex, treasury , central processing centres etc.



Age Limit:

  • Less than 25 years as on 31.12.2017. Candidate should be born not earlier than 01.01.1993 and not later than 31.12.1998 (both days inclusive).
  • Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.

Application Fee :
  • General : Rs. 800/-
  • SC / ST Category : Rs. 200/-

How to Apply: Interested Candidates may Apply Online Through official Website.
Advertisement: Click Here

Apply Online: Click Here


Important Dates:
Starting Date of Online Application: 20-06-2018
Last Date to Apply Online: 27-06-2018
Date of Online Test : 7th July 2018
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South Indian Bank Recruitment for Probationary Officers (PO) Posts 2018

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South Indian Bank has published Advertisement for below mentioned Posts 2018. South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala. The number of vacancies is provisional and may vary according to the actual requirements of the Bank/future contingencies.

Posts: Probationary Officers- Scale I

Total No. of Posts: 150
The number of vacancies is provisional and may vary according to the actual requirements of the Bank/ future contingencies.


Educational Qualification as on 31.12.2017: X/ SSLC, XII/ HSC & Graduation with minimum 60 % marks under regular course.

Age Limit: Less than 25 years as on 31.12.2017. Candidate should be born not earlier than 01.01.1993 and not later than 31.12.1998 (both days inclusive).
Upper age limit will be relaxed by 5 years in the case of SC/ST candidates.

Probation Period: The period of probation is 2 years. Confirmation will be subject to satisfactory performance during probation.

Posting Location: Posting Location can be anywhere in India at the sole discretion of the Bank. Candidates may also note that the vacancies are predominantly outside South India and therefore appropriate language skills will be an added advantage.

Salary: IBA approved pay scale of Rs. 23700– 980/7 – 30560- 1145/2 – 32850- 1310/7 - 42020 plus DA, HRA & other allowances. Eligible for performance linked incentive applicable to Scale I officers as per the scheme in vogue.


Selection Process: Online Test, Group Discussion, and Personal Interview. The initial Shortlisting will be done based on the online test marks. Final Selection will be based on the consolidated marks obtained for the online test, GD and Personal Interview. Bank reserves the right to make required modifications in the selection process considering the number of applications for the post.

Important Dates:
Starting Date of Online Application: 16-05-2018
Last Date to Apply Online: 25-05-2018

Online Test: Tentative June 2018

How to Apply: Interested Candidates may Apply Online Through official Website.


Apply Online: Click Here
For more details: Click Here

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