South Indian Bank (Rs. 104.00) (Code: 532218) :- The bank was started in Kerala decades ago. At present it has network of 500 branches and 210 ATMs. FII has holding of 7 per cent and India funds has holding of 4.5 per cent in the bank. Goldman Sachs has 3.7 per cent and old private sector bank Federal bank has 3.5 per cent stake in the bank. Income of the bank has improved by 27 per cent to Rs. 371.26 crores during first quarter of current FY, which ended in June 2008. Net interest income of the bank has improved by 11 per cent to touch the level of Rs. 102. 78 crores. Operating profit of the company has improved by 69.38 crores. Gross turnover of the bank is around Rs. 423.50 ?????? crores and net profit to be around Rs. 173.19 crores. Bank is likely to register EPS of around 19.2 on the earning. Company has recently announced bonus shares to the share holders at the ratio of 4:1. Investors may include the scrip in their portfolio.
