Stock Report

South Indian Bank unveils its new branch at Mulund, Mumbai



Posted On : 2023-05-31 16:13:23( TIMEZONE : IST )

South Indian Bank unveils its new branch at Mulund, Mumbai

South Indian Bank has unveiled its new branch at Mulund, Mumbai with the aim of expanding its reach and cater to the growing demand for banking services in the area. The launch is in-line with the bank's strategy to expand its operations and attract a larger customer base within the region and provide enhanced banking services.

The new branch also houses an ATM and will cater to the financial and banking needs of the business and working class residing in and around Mumbai's northern suburbs. Mulund is a perfect blend of residential, retail, commercial, and industrial complexes, prudently warranting the need to set up a dedicated branch office of South Indian Bank. With the opening of this new branch, the bank has increased its branch count to 45 and ATMs to 46 in the Mumbai region, further solidifying its presence in the area.

The new branch was inaugurated by Mr. Murali Ramakrishnan, MD & CEO of South Indian Bank, and Mr. Kaivalya Shah, Director of Marathon Group, inaugurated the ATM.

Speaking on the occasion, Mr. Murali Ramakrishnan, MD & CEO, South Indian Bank said, "We are committed to delivering superior banking services to our customers and empowering them to meet their diverse financial needs. As a legacy bank with a robust presence in the southern region, we are in the midst of an ambitious expansion to fortify and broaden our business operations throughout India to outreach customers at every corner. Our objective is to extend our reach and cater to a diverse customer base, including the tech-savvy GenZs, as we strive to remain at the forefront of the evolving banking landscape."

The Mulund branch will be operational from Tuesday, May 30th, as per regular banking hours and is located at: Shop Nos:19,20,21 Ground Floor, Marathon, Monte Plaza, MMM Road, Mulund West, Mumbai - 400080.

Additionally, in order to enhance customer experience, the Bandra branch of South Indian Bank has been relocated to Ground Floor, Chitrapur CHSL, D/1, 27th road, Bandra West, Mumbai - 400050. In addition to services such as branch banking services and access to various loan options, the customers will have the convenience of availing a locker facility for the safekeeping of their valuables.

Shares of The South Indian Bank Limited was last trading in BSE at Rs. 17.10 as compared to the previous close of Rs. 17.15. The total number of shares traded during the day was 2565121 in over 2451 trades.

The stock hit an intraday high of Rs. 17.25 and intraday low of 17.00. The net turnover during the day was Rs. 43811926.00.

Source : Equity Bulls

Keywords

TheSouthIndianBank INE683A01023 NewBranch Mulund Mumbai