South Indian Bank Limited (SIB) is a major private sector bank headquartered at Thrissur in Kerala, India. South Indian Bank has 839 branches, 4 service branches, 45 ext. counters and 20 Regional Offices spread across more than 27 states and 3 union territories in India. It has set up 1307 ATMs and 5 Bulk Note Acceptor/Cash Deposit Machines all over India.

1. 1
FORECAST ANALYSIS ON SOUTH INDIAN BANK LIMITED WITH SPECIFIC
REFERENCE TO ITS IMPORTANT FINANCIAL INDICATORS
VARUN KESAVAN, RESEARCH SCHOLAR, COIMBATORE, E – MAIL ID:
varunkesavan@yahoo.com
INTRODUCTION
South Indian Bank Limited (SIB) is a major private sector bank headquartered
at Thrissur in Kerala, India. South Indian Bank has 839 branches, 4 service branches, 45
ext. counters and 20 Regional Offices spread across more than 27 states and 3 union
territories in India. It has set up 1307 ATMs and 5 Bulk Note Acceptor/Cash Deposit
Machines all over India.
Milestones
 First among the private sector banks in Kerala to become a scheduled bank in 1946.
 First bank in the private sector in India to open a Currency Chest in April 1992.
 First private sector bank to open a NRI branch in Jhumritalaiya November 2011.
 First bank in the private sector to start an Industrial Finance Branch in March 1993.
 First among the private sector banks in Kerala to open an overseas branch in June
1993.
 Bank in Kerala to develop an in-house, fully integrated branch automation software.
 First Kerala based bank to implement Core Banking System.
 8th largest branch network among private sector banks in India.[1]

2. 2
History
South Indian Bank was registered as a private Limited Company under the companies Act
of 1913 and commenced business on 29-01-1929 at Round South, Thrissur. The South
Indian Bank Ltd., was formed by a group of 44 enterprising men of Thrissur who contributed
Rs.500/ - each to the initial paid up capital of Rs.22,000/ -. Their main objective was to
serve the merchant community of Thrissur by freeing them from the clutches of the money
lenders who charged exorbitant rates of interest. The bank received very good support from
the public at large. Initially the growth was slow but steady. The number of branches
opened each year testified its stability and popularity. It was included in the second
schedule of the Reserve Bank of India and became a scheduled Bank on 07-08-1946. SIB
was the first scheduled Bank in the private sector in Kerala to get the license under section
22 of the Banking Regulation Act 1949 from RBI on 17-06-1957.
New look
South Indian Bank unveiled the new corporate logo. Mammootty, the global brand
ambassador of the bank, unveiled the new corporate brand logo.
The bank, as part of a global brand-building exercise, has signed South Indian
actor Mammootty as its brand ambassador banking on the film star's `pan India appeal,
clean image and popularity among the NRI community'. The initial contract between the
bank and actor was for three years which was later extended for five more years.[2]
Currently
SIB is the only bank in South India that has a brand ambassador.

3. 3
Financial inclusion & Financial Literacy Centres
Till date, the bank has covered more than 100 villages and 15 urban centres under
Financial Inclusion and opened more than 10 exclusive FLC Centres in the bank premises,
which spreads across the states of Kerala, Tamil Nadu, Andhra Pradesh and Chhattisgarh.
South Indian Bank has appointed direct Business Correspondents in the allotted villages
and are supervised by a dedicated team of officers in the FIP Cell - Head Office. Recently
South Indian Bank has introduced "KIOSK Banking Model" as Financial Inclusion Initiative
in association with Akshaya e-centres in the state of Kerala through the software service
provider - M/s Tata Consultancy services.. Kiosk is a kind of banking model, where people
living in unbanked or under banked areas can avail basic banking facilities from a nearby
common service centre/BC Office without visiting a regular bank branch .Basic banking
needs of the public like opening of account, deposit and withdrawal of cash etc. is possible
from these common service centre/BC Office.[4]
Corporate Social Responsibility (CSR)
Purpose
The South Indian Bank Ltd. is grateful to the society for the support and encouragement
in the bank's growth and development. The Bank believes that no organization can
make sustainable development without the patronage from the society. The Bank is
committed in the integration of social and environmental concerns in its business
operations and also in the interactions with its stakeholders. The Bank shall continue to
have among its objectives, the promotion and growth of the national economy and shall

4. 4
continue to be mindful of its social and moral responsibilities to customers,
shareholders, employees and society. Bank is committed to financing the economic and
developmental activities of the nation with concern for human rights and environment.
CSR is a continuing commitment by business to behave ethically and contribute to
economic development while improving the quality of life of the workforce and their
families as well as of the local community and society at large.
Vision
The Bank’s CSR mission is to contribute to the social and economic development of the
community. Through a series of interventions, the bank seeks to mainstream
economically, physically and socially challenged groups and to draw them into the cycle
of growth, development and empowerment. At the core of this, its commitment to reach
out to marginalized communities through its Sustainable Livelihood Initiatives. The
Bank’s strategy is to integrate its activities in community development, social
responsibility and environmental responsibility and encourage each business unit or
function to include these considerations into its operations whether directly or in
participation or in association with or jointly with NGOs of repute, Trusts, Partnership,
Corporate or any other such organization as the Bank deems fit.

5. 5
TOOLS FOR THE ANALYSIS
 FORECAST ANALYSIS
Linear regression is a form of regression analysis and can be used to calculate a
mathematical relationship between two (or more) sets of data. In forecasting, one
set of data could be used to predict another set of data.
 CAGR ANALYSIS
The compound annual growth rate (CAGR) is the mean annual growth
rate of an investment over a specified period of time longer than one
year.

6. 6
FORECAST ANALYSIS
FORECAST ANALYSIS FOR NET PROFIT OF SOUTH INDIAN
BANK LTD. (RS. IN CRORES) YEAR
401.66 2012
502.27 2013
507.5 2014
307.2 2015
333.27 2016
310.83 2017
225.08 2018
168.41 2019
153.22 2020
87.41 2021
33.38 2022
401.66
502.27 507.5
307.2
333.27
310.83
225.08
168.41 153.22
87.41
33.38
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FORECAST ANALYSIS FOR NET PROFIT OF SOUTH INDIAN BANK
LTD. (RS. IN CRORES)

7. 7
FORECAST ANALYSIS FOR OPERATING PROFIT OF SOUTH INDIAN
BANK LTD. (RS. IN CRORES) YEAR
651.22 2012
848.59 2013
884.35 2014
816.26 2015
879.28 2016
943.08 2017
929.48 2018
955.61 2019
1,003.42 2020
1,020.42 2021
1,038.99 2022
651.22
848.59
884.35
816.26
879.28
943.08 929.48
955.61
1,003.42 1,020.42 1,038.99
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FORECAST ANALYSIS FOR OPERATING PROFIT OF SOUTH INDIAN
BANK LTD. (RS. IN CRORES)

8. 8
FORECAST ANALYSIS FOR GROSS BUSINESS OF SOUTH INDIAN BANK LTD. (RS. IN CRORES) YEAR
63974 2012
76276 2013
83894 2014
89638 2015
97192 2016
106,134.20 2017
112,531.16 2018
120,009.03 2019
127,925.24 2020
135,360.72 2021
142,546.21 2022
63974
76276
83894
89638
97192
106,134.20
112,531.16
120,009.03
127,925.24
135,360.72
142,546.21
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FORECAST ANALYSIS FOR GROSS BUSINESS OF SOUTH INDIAN
BANK LTD. (RS. IN CRORES)

9. 9
FORECAST ANALYSIS FOR CAPITAL & RESERVES OF
SOUTH INDIAN BANK LTD. (RS. IN CRORES) YEAR
2167 2012
3004 2013
3368 2014
3589 2015
3842 2016
4,374.50 2017
4,600.00 2018
4,929.55 2019
5,298.74 2020
5,649.52 2021
5,945.09 2022
2167
3004
3368
3589
3842
4,374.50
4,600.00
4,929.55
5,298.74
5,649.52
5,945.09
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FORECAST ANALYSIS FOR CAPITAL & RESERVESOF SOUTH
INDIAN BANK LTD. (RS. IN CRORES)

10. 10
FORECAST ANALYSIS FOR BRANCH PRODUCTIVITY OF
SOUTH INDIAN BANK LTD. (RS. IN CRORES) YEAR
78.62 2012
87.35 2013
92.61 2014
98.78 2015
107.84 2016
114.00 2017
120.68 2018
128.19 2019
135.39 2020
142.01 2021
149.27 2022
78.62
87.35
92.61
98.78
107.84
114.00
120.68
128.19
135.39
142.01
149.27
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FORECAST ANALYSIS FOR BRANCH PRODUCTIVITY OF SOUTH INDIAN BANK LTD. (RS. IN
CRORES)

11. 11
FORECAST ANALYSIS FOR OTHER INCOME OF SOUTH
INDIAN BANK LTD. (RS. IN CRORES) YEAR
247.07 2012
334.93 2013
368.46 2014
497.07 2015
517.42 2016
603.84 2017
670.38 2018
744.62 2019
801.08 2020
879.90 2021
944.81 2022
247.07
334.93
368.46
497.07 517.42
603.84
670.38
744.62
801.08
879.90
944.81
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
FORECAST ANALYSIS FOR OTHER INCOMEOF SOUTH INDIAN
BANK LTD. (RS. IN CRORES)

12. 12
CAGR ANALYSIS
CAGR ANALYSIS FOR NET PROFIT OF SOUTH INDIAN
BANK LTD. (RS. IN CRORES) YEAR
310.83 2017
225.08 2018
168.41 2019
153.22 2020
87.41 2021
33.38 2022
-36% CAGR
CAGR ANALYSIS FOR OPERATING PROFIT OF SOUTH
INDIAN BANK LTD. (RS. IN CRORES) YEAR
943.08 2017
929.48 2018
955.61 2019
1,003.42 2020
1,020.42 2021
1,038.99 2022
2% CAGR

13. 13
CAGR ANALYSIS FOR GROSS BUSINESS OF SOUTH
INDIAN BANK LTD. (RS. IN CRORES) YEAR
106,134.20 2017
112,531.16 2018
120,009.03 2019
127,925.24 2020
135,360.72 2021
142,546.21 2022
6% CAGR
CAGR ANALYSIS FOR CAPITAL & RESERVES OF SOUTH
INDIAN BANK LTD. (RS. IN CRORES) YEAR
4,374.50 2017
4,600.00 2018
4,929.55 2019
5,298.74 2020
5,649.52 2021
5,945.09 2022
6% CAGR

14. 14
CAGR ANALYSIS FOR BRANCH PRODUCTIVITY OF
SOUTH INDIAN BANK LTD. (RS. IN CRORES) YEAR
114 2017
120.68 2018
128.19 2019
135.39 2020
142.01 2021
149.27 2022
6% CAGR
CAGR ANALYSIS FOR OTHER INCOME OF SOUTH INDIAN
BANK LTD. (RS. IN CRORES) YEAR
603.84 2017
670.38 2018
744.62 2019
801.08 2020
879.9 2021
944.81 2022
9% CAGR

15. 15
-36%
2%
6% 6% 6%
9%
CAGR ANALYSIS
FOR NET PROFIT
OF SOUTH INDIAN
BANK LTD. FROM
PERIOD (2017 -
2022) (RS. IN
CRORES)
CAGR ANALYSIS
FOR OPERATING
PROFIT OF SOUTH
INDIAN BANK LTD.
FROM PERIOD
(2017 -2022) (RS.
IN CRORES)
CAGR ANALYSIS
FOR GROSS
BUSINESS OF
SOUTH INDIAN
BANK LTD. FROM
PERIOD (2017 -
2022) (RS. IN
CRORES)
CAGR ANALYSIS
FOR CAPITAL &
RESERVES OF
SOUTH INDIAN
BANK LTD. FROM
PEROD (2017 -
2022) (RS. IN
CRORES)
CAGR ANALYSIS
FOR BRANCH
PRODUCTIVITY OF
SOUTH INDIAN
BANK LTD. FROM
PERIOD (2017 -
2022) (RS. IN
CRORES)
CAGR ANALYSIS
FOR OTHER
INCOME OF
SOUTH INDIAN
BANK LTD. FROM
PERIOD (2017 -
2022) (RS. IN
CRORES)
CAGR ANALYSIS

16. 16
FINDINGS FROM FORECAST ANALYSIS
 From the Forecast analysis it can be concluded that the Net Profit for the year 2022 is
expected to reach around Rs.33.38 CRORES.
 From the Forecast analysis it can be concluded that the Operating Profit for the year 2022
is expected to reach around Rs.1, 038.99 CRORES.
 From the Forecast analysis it can be concluded that the Gross Business for the year 2022
is expected to reach around Rs.142, 546.21 CRORES.
 From the Forecast analysis it can be concluded that the Capital & Reserves for the year
2022 is expected to reach around Rs.5, 945.09 CRORES.
 From the Forecast analysis it can be concluded that the Branch Productivity for the year
2022 is expected to reach around Rs. 149.27 CRORES.
 From the Forecast analysis it can be concluded that the Other Income for the year 2022 is
expected to reach around Rs. 944.81 CRORES.

17. 17
FINDINGS FROM CAGR ANALYSIS
 The expected CAGR for Net Profit for the year 2022 is expected to witness -36%.
 The expected CAGR for Operating Profit for the year 2022 is expected to witness 2%.
 The expected CAGR for Gross Business for the year 2022 is expected to witness 6%.
 The expected CAGR for Capital & Reserves for the year 2022 is expected to witness 6%.
 The expected CAGR for Branch Productivity for the year 2022 is expected to witness 6%.
 The expected CAGR for Other Income for the year 2022 is expected to witness 9%.

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SUGGESTIONS
1. The Bank needs to take serious measures in order to tackle the problem of non –
performing assets. Moreover the bank needs to reduce the provisions for Non
Performing Assets by all means.
2. The Bank needs to reduce and maintain a balance between the total borrowings and
in total expenditures.
3. The bank needs to reduce its expenditures with specific reference to interest
expenditures.
4. The bank needs to further enhance the level of total advances and also in the level
of total deposits in upcoming future course of action.
5. The bank needs to reduce the levels of operating expenditures by all means.
6. The bank needs to focus on increasing the level of proposed dividend in future
course of action.

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7. The Bank needs to further enhance the level of total investments in upcoming future
course of action.
8. The bank needs to further focus on the enhancing the levels of capital & reserves in
upcoming future course of action.
9. The Bank needs focus on enhancing the levels of advances especially with
reference to other priority sector.
10.The Bank needs to take serious and timely steps in the case of non – performing
assets and its provisions.

20. 20
CONCLUSION
On the whole the South Indian Bank is expected to witness an exponential growth in
terms Operating Profits, Gross Business, Branch Productivity, Capital Reserves, and
Other Incomes in the year 2022. But in the case net Profit the bank needs to take
retrospective and timely action in order to enhance the level of Net Profit in the year
2022.