The South Indian Bank Limited
SBI Mutual Fund increased its stake in The South Indian Bank Limited from 1.07% to 2.51%, raising its shareholding from 2.8 crore to 6.56 crore shares.
A private sector bank established in 1929, South Indian Bank was the first scheduled bank among private banks in Kerala and has maintained a strong presence across south India. The bank provides retail and corporate banking services, debit card offerings, third party financial product distribution, and treasury and foreign exchange operations to its customer base.
India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.