Background: South Indian Bank (SIB), among the mid-sized banks in the private sector space, operates a network of about 851 branches and about 1,344 ATMs. The bank's business is largely skewed towards the Southern state with half of its branches located in Kerala. SIB has established a strong brand recall among the Keralite-NRI Diaspora. With no identifiable promoters SIB is run by a team of professionals. As of 1QFY18 the bank had deposits of ~INR 658bn and...