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South Indian Bank's plans

THRISSUR: The South Indian Bank, based in Thrissur, is confident of increasing its total business by 22 per cent to reach Rs. 11,400 crores by the end of the current financial year. Making this confident forecast at the recent annual general meeting at Thrissur, A. Sethumadhavan, Chairman and CEO of the bank, indicated that deposits and advances would reach the level of Rs. 7,400 crores and Rs. 4,000 crores respectively. The net profit would grow around 35 per cent. Computerisation, according to the chairman, was making substantial headway with 33 branches already interconnected.

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