South Indian Bank targets 13-14% loan growth, raises FCNR rates

South Indian Bank targets 13-14% loan growth, raises FCNR rates. The bank has increased FCNR deposit rates to 13-14% to boost foreign currency inflows. This move aims to strengthen liquidity and support targeted loan expansion. Growth focus is on retail and MSME segments.
📊 STOCKS: SOUTHBANK | 🏢 SECTOR: Banking | #MEDIUMIMPACT #LoanGrowth