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ICICI Securities Report
South Indian Bank Ltd., in its business update call, unveiled its medium-term strategy by focusing on six Cs –
1. capital beefing,
2. focused drive on building current account savings account deposits,
3. using technology and initiating cost rationalisation drive to reduce cost, income ratio,
4. revamp organisation structure to build capabilities,
5. focus on customer service and leveraging existing customer base, and
6. adherence to highest integrity standards.
Further, it highlighted that it is in the process of revamping the business structure to sharpen focus on retail asset growth, accelerate CASA mobilisation and improve cross-sell, upsell.
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