1 Lakh Crore Business aimed by South Indian Bank

Published on: 13 May, 2013
Published under: Kerala Business News, Thrissur District News

11 May 2013

South India Bank of Kerala have set a target of Rs 1 Lakh Crore Buiness in this financial year . Elabaorating on the preformance and future goals during the opening of a new Regional Office at nearby Irinjalakkuda on Friday, the bank’s MD and CEO V A Joseph said high work culture and productivity of the employees had been a prominent factor in the creditable performance of the bank in the last several years.

“We are aiming to achieve Rs 1 lakh crore in total business in 2014. Last year, the bank had set a target of total business of Rs 75,000 crore, network of 750 branches and 750 ATM Centres.The bank registered the highest ever net profit at Rs 502.27 crore and achieved NPA recovery of Rs 204 crore against the target of Rs 268.00 crore, he said.

Joseph, an HR management expert, said the per head productivity of the bank increased during the period and the average age of employees had been brought down to 35 which was 49 in 2008.

Source– http://www.business-standard.com/article/finance/sib-aims-rs-1-lakh-crore-business-this-year-113051100355_1.html

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