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	Abudhabi Bank
	ANZ Bank
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	Federal Bank
	HDFC
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	ICICI Bank
	Indian Overseas Bank
	Karnataka Bank
	LIC Limited
	State Bank of India
	State Bank of Mysore
	State Bank of Travancore
	South Indian Bank
	Vijaya Bank

NRI Travel

South Indian Bank

South indian bank which has a tradition of over 70 years of public trust, stepped into the financial terrain of our country when the Swadeshi movement was gathering momentum.

The establishment of the bank was the fulfillment of the dreams of a band of enterprising men who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of savings of the community on one hand and to free the business community from the clutches of greedy money lenders on the other by providing need based credit at reasonable rates of interest.

Translating the vision of the founding fathers as its corporate mission, the bank has during its 70 year long sojourn been able to present itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.

ICICI,

the premier DFI is the biggest share holder of the Bank with the group company holding 11.38% of the banks equity.

The FIRST

Among the private sector banks in Kerala to become a scheduled bank in 1946 under the RBI Act.
Bank in the private sector in India to open a Currency Chest on behalf of the RBI in April 1992.
Private sector bank to open a NRI branch in November 1992.
Among the Kerala based banks to offer a Credit Card to customers in November 1992.
Among the private sector banks in Kerala to open an "Overseas Branch" to cater exclusively to the export and
import business in June 1993.
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.

Loan Facilities for NRIs
-Offers Loans / Overdrafts against NRI deposits

Loan/Overdraft can be raised against NRE, NRNR term deposits upto 90% of its value, for purposes other than agriculture, real estate business and plantation activities.

Loan can be repaid by remittance from abroad, out of funds held in NRE/FCNR(B) accounts or ordinary Non Resident (ONR) accounts.

If repaid out of ONR accounts commercial rate of interest will be changed.

NRI Housing Loans - for acquisition of residential flat/house

Eligible for NRIs holding Indian nationality (Not foreign national of Indian origin) for acquisition of flats/house for residential purpose or construction of ahouse on land owned in his name

Loans from Rs. 250,000 to Rs. 25 lacs, with a margin of 25 % brought from abroad or balances in NRE/FCNR(B) accounts

Repayment spread over 10 years, to be made by remittance from abroad or out of funds in NRE/FCNR(B)/NRO accounts

The property acquired to be mortgaged and personal guarantee of the NRIs resident parents/spouse to be given.

For further details : www.southindianbank.com

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