South Indian Bank opens CBS Branch at one of India’s Most Celebrated Tourist Destinations

South Indian Bank (SIB) has opened its 495th CBS Branch in Rajasthan at Udaipur, which is one of India’s most celebrated tourist destinations
 
March 16, 2008 - PRLog -- South Indian Bank (SIB) has opened its 495th  CBS Branch in Rajasthan at which is one of India’s most celebrated tourist destinations. Mr. Ravindra Srimali, Municipal Chairman, Udaipur opened the CBS Branch at Udaipur. Dr. V.A. Joseph, Chairman and CEO of the Bank presided over the function.

Chairman in his presidential address stated that with the opening of the Branch at Udaipur, the Bank ,which could bag the Banking Technology Excellency Award from IDRBT( which is the technical arm of Reserve Bank of India)has established a network of 495 CBS Branches, 27 CBS Extension Counters and 214 online ATM Centres.

“We had planned for a recovery target of Rs 130 crore for the financial year and the actual recovery as on date has exceeded Rs 136crore . By opening our CBS branch in New Delhi on 29/03/08 we will be completing 500 branches for the current fiscal. Our total  business  target in the beginning of the year was to touch Rs 25,000 crore for this fiscal. In December itself, we have crossed Rs 24,500 crore”Dr.Joseph said .

 With the up gradation of technology, Chairman said that South Indian Bank now offers a host of high- tech products which enables the customers bank from anywhere, saving them time, money and hassles.  This means that they can avail of a range of solutions and make convenience banking a way of life.  For this the Bank has launched many value added products and services like Global Debit-cum-ATM Card, Internet Banking, Mobile Banking etc. SIB’s Global ATM – cum – Debit Card can be used at over 8 lac ATMs and 120 lac merchant establishments all over the world. The Global ATM – cum – Debit Card of SIB, which has directly joined the National Financial Switch (NFS) of the IDRBT ,can also be used at over 20,000 ATMs all over India .

Mr. M.L. Lunawath, President, Udaipur Chamber of Commerce & Industry and Mr. T.S. Talesara, M..D., M/s Pyrotech Electronics, respectively inaugurated the online ATM Centre and Safe Deposit Locker.  Mr. P.E. Mathai, DGM & Regional Head and Mr. Babu George K., Branch Manager also spoke on the occasion.
(Photo attached : Mr. Ravindra Srimali, Municipal Chairman, Udaipur opens the 495th  CBS Branch of South Indian Bank in the presence of .Dr. V.A. Joseph, Chairman and CEO of the Bank.Also seen Mr. M.L. Lunawath, President, Udaipur Chamber of Commerce & Industry and Mr. T.S. Talesara, M..D., M/s Pyrotech Electronics and Mr. Babu George K., Branch Manager)


For  press queries :
Senior.Manager,
Corporate Comunications,
    The South Indian Bank Ltd.,
Ph:0487-2423858 Mob:9847404555
E-mail:simonjoseph4@gmail.com

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South Indian Bank (SIB) is one of the leading scheduled commercial banks in India with a strong focus on technology and service culture.

Website: www.southindianbank.com
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