South Indian Bank signs an MOU with Mahindra and Mahindra Ltd (M&M) for Dealer Financing

Kolkata: South Indian Bank (SIB) today signed an MOU (Memorandum of Understanding) with Mahindra and Mahindra Ltd (Automobile division) for providing the latter’s dealers with financing solutions. Under the partnership, SIB will provide unmatched dealer finance solutions to M&M’s dealers, thereby meeting their vehicle inventory funding requirements.

South Indian Bank registers 23 percent rise in profit

Private lender South Indian Bank on Thursday said its Net profit for fourth quarter is up by 22.74% from Rs. 272.04 Cr in FY 22 to Rs. 333.89 Cr in FY 23.