SIB Full Form

What is the full form of SIB?

The full form of SIB is the South Indian Bank. SIB, headquartered in Thrissur, Kerala, India, is a major private-sector bank. There are nine hundred and twenty-six branches and one service branch. The bank has established over 1,100 ATMs and one hundred twenty Cash Deposit Machines (CDM).

A brief history of SIB

• SIB was incorporated under the Companies Act as a Private Limited Company and started business in Round South, Thrissur, on 29 January 1929.
• It became a scheduled bank in 1946 under the RBI Act. It was the first private-sector bank in Kerala to achieve that.
• It was the first private-sector bank in Kerala to open an overseas branch for import-export facilitation in June 1993.