South Indian Bank (SIB) on 27 December 2010 bagged India's Best Bank-2010 award in the 2010 edition of the Businessworld-PricewaterhouseCoopers Best Banks Survey. The bank underwent a corporate metamorphosis thereby effecting rebranding, achieving asset quality, implementing banking technology and recruiting young and qualified personnel. South Indian Bank was in 2010 presented with Best Bank award (in private sector, traditional banks category) of State Forum of Bankers' Clubs, Kerala.
The net non-performing assets (NPA) of the bank improved to 0.38 percent as on 30 Sep 2010 from 0.43 percent for the corresponding period in 2009. Vision 2013 of the bank envisages a total business of Rs.75000 crore, a network of 750 CBS (core banking solution) branches and 750 ATM centres and an employee headcount of 7500.
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