PROJECT

Projects

Summary of Proposed Investment

Project Number

26384

Company Name

THE SOUTH INDIAN BANK LIMITED

Date SPI Disclosed

Aug 9, 2007

Country

India

Industry

Financial Markets

Projected Board Date

Sep 10, 2007

Status

Completed

Sector

Commercial Banking - General

Date Revised SPI Disclosed

Oct 17, 2007

Department

Regional Industry - FIG Asia & Pac

Environmental Category

FI

Previous Events

Approved : Sep 13, 2007
Signed : Sep 14, 2007
Invested : Sep 19, 2007

Project Description

The project involves an investment in The South Indian Bank Limited (SIB or the Bank), a medium-sized private sector bank based in Kerala. As of March 31, 2007, the Bank had Total Assets of approximately $3.2 billion and net worth of $168 million. The project will help augment SIB’s capital base to meet its growth plans. This project is part of IFC’s strategy of supporting professionally run, mid-sized private sector banks to emerge as strong players in the Indian financial sector.

Sponsor / Cost / Location

Development Impact