The SIB came into being during the Swadeshi Movement. The idea behind the setting of the bank was to provide for the people a safe, efficient and service oriented repository of savings and to free the business community from the clutches of greedy money lenders by providing need based credit at reasonable rates of interest.
The bank was established in Thrissur and was accorded Scheduled Bank status in 1946. The bank has the honour of being the first private bank in Kerala to be accorded this status. In fact the bank has a number of firsts to its name being the first bank in the private sector in India to open a Currency Chest on behalf of the RBI, first private sector bank to open a NRI branch, first bank in the private sector to start an Industrial Finance Branch, first bank in Kerala to develop an in-house, a fully integrated branch automation software in addition to the in-house partial automation solution operational since 1992 and the list goes on and on.
The bank offers Personal Loans, Home Loans, Vehicle Loans and Flexi Loans among many others.
Ger the best deals on South Indian bank loan offers
Some useful personal finance calculators
Related articles
