south indian bank nri newsletter remittance from uae branded "sib-flash" was launched in...

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June 2011 Dr. V.A. JOSEPH MD & CEO SOUTH INDIAN BANK NRI NEWSLETTER SOUTH INDIAN BANK NRI NEWSLETTER SOUTH INDIAN BANK NRI NEWSLETTER With warm regards Dear NRI Patrons, At the outset I express my sincere gratitude to our NRI Community for their unstinted support and patronage being extended to the bank over the years. Your association has, indeed helped the bank to grow as a legend among the best performing banks in the country. It has been our privilege to serve and take care of your financial needs since long. The inspiration and support from your end have always been bolstering the bank towards boundless growth. With your support, the bank has recorded a net profit of Rs.292.56 Crore for this financial year ended on 31.03.2011, as against Rs. 233.76 crore for the corresponding period last year registering a growth of 25.15 %. The total Business of the bank has increased by Rs. 11,393 Crore from Rs.39,127 Crore to Rs. 50,520 Crore on an year to year basis registering a growth of 29.11%. While total Deposits have gone up by Rs.6709 crore from Rs.23,012 Crore to Rs.29,721 Crore, the advances have increased by Rs.4,684 Crore from Rs.16,115 Crore to Rs.20,799 Crore. Net NPA was brought down from 0.39 % to 0.29 %, which is an indicator of strong asset quality of the bank. The Capital Adequacy ratio is a comfortable14.01 %, much higher than 9 % stipulated by RBI. Moreover we have grown our Pan India presence to 638 branches and 533 ATMs as on 30-06-2011. Your bank has set up a new ATM at Trivandrum International Airport on new International terminal arrival gate and also at Mumbai International Air-Port Domestic terminal 1B (Departure Gate-1). Another remarkable achievement during the current year was that the bank has been conferred "the best web site award" from Kerala Management Association (KMA). I would like to share this achievement with you since the bank could achieve this award due to the technological upgradation and advancement uplifted by your inspiration, which had acted as a catalyst behind all these recognitions. As you may be aware of, the bank has been providing matchless service to our NRI Patrons. Considering your convenience, a Web based service for all inward remittance from UAE branded "SIB-FLASH" was launched in association with UAE Exchange Center, Abudhabi. This allows customers real- time instant credit to beneficiary's account through Straight Through Processing [STP] on a 24x7 basis. The bank is the first bank in India which offers this instantaneous real time credit facility with state of the art security features with upper limit per remittance Rs.20 lakhs. The charges levied on remittances are nominal. As part of our consistent efforts to support our NRI Community at UAE and Middle East, the bank had set up a stall at a vantage point in Global Village, Indian Pavilion in connection with Dubai Shopping Festival (DSF-2011). We had deputed 3 officers exclusively for serving our NRI community who visited our stall at DSF-Global village .SIB's stall had got a tremendous response from our NRI Patrons and all who visited Indian Pavilion. I express my heartfelt gratitude for your unstinted support in our DSF mission. We are very happy to inform that the bank has recently tied up with M/s. Al Dar for Exchange Works WLL; Doha, Qatar for SIB Express remittance arrangement facility for the convenience of our NRI Patrons in Qatar.SIB Express is one of the fastest and safest methods of inward rupee fund transfer from the Gulf countries. In this financial year we had launched "SIB eazy Remit"-online inward remittance facility to our NRI customers in association with bank of New York Mellon for our US based NRI Patrons. Our patrons in US can register for this on line facility through the link provided in our website. With your patronage, the bank has achieved a flamboyant growth by crossing of Rs.50000 Cr. total business during the last financial year and we solicit your continued patronage to achieve our vision of Rs.1,00,000 Cr. total business by 2014. We appreciate your trust, and we'll do our best to continue to deliver the service you deserve and more. I solicit your continued patronage in the coming days too which has always acted as a motivating factor behind our growth saga and I am sure your patronage will take the bank to unprecedented heights and glory.

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June 2011

Dr. V.A. JOSEPH

MD & CEO

SOUTH INDIAN BANK NRI NEWSLETTERSOUTH INDIAN BANK NRI NEWSLETTERSOUTH INDIAN BANK NRI NEWSLETTER

With warm regards

Dear NRI Patrons,

At the outset I express my sincere gratitude to our NRI Community for their unstinted support and patronage being extended to the bank over the years. Your association has, indeed helped the bank to grow as a legend among the best performing banks in the country.

It has been our privilege to serve and take care of your financial needs since long. The inspiration and support from your end have always been bolstering the bank towards boundless growth.

With your support, the bank has recorded a net profit of Rs.292.56 Crore for this financial year ended on 31.03.2011, as against Rs. 233.76 crore for the corresponding period last year registering a growth of 25.15 %. The total Business of the bank has increased by Rs. 11,393 Crore from Rs.39,127 Crore to Rs. 50,520 Crore on an year to year basis registering a growth of 29.11%. While total Deposits have gone up by Rs.6709 crore from Rs.23,012 Crore to Rs.29,721 Crore, the advances have increased by Rs.4,684 Crore from Rs.16,115 Crore to Rs.20,799 Crore. Net NPA was brought down from 0.39 % to 0.29 %, which is an indicator of strong asset quality of the bank. The Capital Adequacy ratio is a comfortable14.01 %, much higher than 9 % stipulated by RBI.

Moreover we have grown our Pan India presence to 638 branches and 533 ATMs as on 30-06-2011. Your bank has set up a new ATM at Trivandrum International Airport on new International terminal arrival gate and also at Mumbai International Air-Port Domestic terminal 1B (Departure Gate-1).

Another remarkable achievement during the current year was that the bank has been conferred "the best web site award" from Kerala Management Association (KMA). I would like to share this achievement with you since the bank could achieve this award due to the technological upgradation and advancement uplifted by your inspiration, which had acted as a catalyst behind all these recognitions.

As you may be aware of, the bank has been providing matchless service to our NRI Patrons. Considering your convenience, a Web based service for all inward remittance from UAE branded "SIB-FLASH" was launched in association with UAE Exchange Center, Abudhabi. This allows customers real-time instant credit to beneficiary's account through Straight Through Processing [STP] on a 24x7 basis. The bank is the first bank in India which offers this instantaneous real time credit facility with state of the art security features with upper limit per remittance Rs.20 lakhs. The charges levied on remittances are nominal.

As part of our consistent efforts to support our NRI Community at UAE and Middle East, the bank had set up a stall at a vantage point in Global Village, Indian Pavilion in connection with Dubai Shopping Festival (DSF-2011). We had deputed 3 officers exclusively for serving our NRI community who visited our stall at DSF-Global village .SIB's stall had got a tremendous response from our NRI Patrons and all who visited Indian Pavilion. I express my

heartfelt gratitude for your unstinted support in our DSF mission.

We are very happy to inform that the bank has recently tied up with M/s. Al Dar for Exchange Works WLL; Doha, Qatar for SIB Express remittance arrangement facility for the convenience of our NRI Patrons in Qatar.SIB Express is one of the fastest and safest methods of inward rupee fund transfer from the Gulf countries. In this financial year we had launched "SIB eazy Remit"-online inward remittance facility to our NRI customers in association with bank of New York Mellon for our US based NRI Patrons. Our patrons in US can register for this on line facility through the link provided in our website.

With your patronage, the bank has achieved a flamboyant growth by crossing of Rs.50000 Cr. total business during the last financial year and we solicit your continued patronage to achieve our vision of Rs.1,00,000 Cr.

total business by 2014.

We appreciate your trust, and we'll do our best to continue to deliver the service you deserve and more. I solicit your continued patronage in the coming days too which has always acted as a motivating factor behind our growth saga and I am sure your patronage will take the bank to unprecedented heights and glory.

Sri Azim Premji, Chairman, Wipro Limited inaugurating our renovated Head office building in the presence of Mr. M.Damodaran, Former Chairman,

SEBI, Smt. Suma Varma, Regional Director, Reserve Bank of India, Trivandrum, Mr. Amitabha Guha, Non Executive Chairman, Dr. V. A Joseph, MD & CEO

VIEW OF RENOVATED HEAD OFFICE BUILDING

BEST WEB SITE AWARD TO SOUTH INDIAN BANK FROM KMA

Our Executive Director Sri. Abraham Thariyan and Sri P J Jacob, DGM (DICT) receives Kerala Management Association's "the best web site award" from Sri.K.Jayaraj, IAS, Addl. Chief Secretary, Govt. of Karnataka on 04th February 2011 at Kochi.

Mr. George Paul, General Manager, Hadi Express Exchange, Tomy Joseph,Manager,Hadi Express Exchange,Burdubai Branch,George Joseph,Manager,Deira branch and Hadi officers with SIB deputed staffs at our stall in DSF-Global Village

" You are the embodiment of the information you choose to accept and act upon. To change your circumstances you need

to change your thinking and subsequent actions."Ecaptus

INAUGURATION OF OUR NEW ADMINISTRATIVE BUILDING AT RAJAGIRI VALLEY, KAKKANAD

DR. K.C Chakrabarty, Deputy Governor, Reserve Bank of India inaugurates our new Administrative Building at Rajagiri Valley, Kakkanad, Kochi on 9th June 2011 in the presence of our Chairman Mr. Amitabha Guha, Rev.Fr.Jose Alex Oruthayappally, Provincial CMI, Ernakulam, Directors Mr.Mathew L Chakola and Mr.Paul Chalissery, MD&CEO Dr. V. A Joseph, Executive Directors Mr.Abraham Thariyan and Mr.Cheryan Varkey.

View of new Administrative Office Building at Kakkanadu-Kochi

GLOBAL REMITTANCES SPURT

Total expatriate workers remittances from the GCC rose to

$ 63.75 billion in 2010 from $ 60.03 billion in the previous

year, up 6.1 percent compared to an upturn of 2.44

percent in worldwide remittances that, according to the

World Bank, reached $325 billion from $ 317.23 billion in

2009.

According to World Banks's Migration and Remittances

Fact book 2011, India continued to be the largest recipient

of remittances in 2010.Remittances rose from $ 49.60

billion in 2009 to $55 billion. India was ranked the second

largest number of emigrants after Mexico. 11.4 million

people from India went abroad in 2010 while 5.4 million

came to India, making India No:10 in the global list of

nations attracting the most immigrants. India is the second

largest Asian country only after Saudi Arabia to attract

most immigrants.

Souce: Khaleej Times

COUNTRY WISE REMITTANCE ARRANGEMENT LIST OF EXCHANGE COMPANY/ BANKS

Country

Oman

Bahrain

Qatar

Saudi Arabia

Singapore

Name of the bank/ Exchange Company

Hamdan Exchange Co., Head Office, P.O Box:190

Postal code:211, Salalah, Sultanate of Oman

Ph: +96823211258

Modern Exchange Co LLC

P.O Box:3401

Postal Code:112

Ruwi, Sultanate of Oman, Ph: +96824834103

Nonoo Exchange Co

P.O Box 11970

Manama, Bahrain, Ph: +97317230905

Bahrain Financing Company,

P.O Box:243

Manama, Bahrain

Ph:+97317228888

Bahrain India International exchange co

P.O box :3204

Manama, Bahrain, Ph: +97317210440

Zenj Exchange Co

P.O box: 236

Manama ,Bahrain

Ph:+97317224352

Al Fardan Exchange Co. ,P.O Box.No.339

Doha,Qatar,Ph:+974 4335117

Gulf Exchange Co

P.O Box 4847

Doha, Qatar, Ph : +9744383222

City Exchange Co

Near Arab Roundabout/Souq

Al Najadah ,P.O Box-16081 ,Doha Qatar

Ph:+9744435060

Doha Bank

P O Box 3818, Grand Hamad Avenue,

Doha, Qatar, Ph No +974 44456600

M/s. Al Dar for Exchange Works WLL,

P B No 24048, Nuaijah, IBA Building, C-Ring Road,

Doha, Qatar. Ph: +974 4566514

M/s Islamic Exchange Co.,

PB No. 80925, Doha, Qatar

Ph:+97444422718

Commercial Bank of Qatar

P B 3232, Doha, Qatar

Ph No + 974 4495 4399

AlRajhi Bank, P B No28, Riyadh 11411

Kingdom of Saudi Arabia

Ph No + 966 1 2116000

Alamoudi Excahnge Co, P.O. Box 123,

Jeddah 21411, Saudi Arabia

Ph No +96626493960

HBZ International Exch. Co Pvt Ltd

111 ,North brid Road, 05-16/17, Peninsula Plaza

Singapore - 179098

Ph:+6563387749

Remittance facility

Draft Drawing

Draft Drawing

SIB Express

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

SIB Express

Draft Drawing

Draft Drawing

TT (Swift)

SIB Express

SIB Express

TT

Draft Drawing

TT (Swift)

SIB Express

Draft Drawing

Country

UAE

Kuwait

Oman

Name of the bank/ Exchange Company

Hadi Express Exchange, Dubai & Sharjah

P.O Box.28909,Dubai,UAE,PH:+97143977001

UAE Exchange Centre LLC

Head office,P.O Box:170,Abudhabi,UAE

Ph:+97126322166

Al Ahaliya Money Exch. Bureau

P.O Box 2419

Abu Dhabi ,UAE Ph:+97126270004

Al Rostamani Exchange

P.O Box: 10072, Al Rostamani Bldg.

(Above 1st gulf Bank) Mezzanine Floor,

Bur Dubai UAE Ph :+971 263223222

Al Fardhan Exchange Company P.O Box No: 498

Abudhabi ,UAE,Ph:+971 - 26223222

Wall Street Exchange Centre LLC

P.O Box:3014,Dubai,UAE, Ph:+97142227580

Al Ansari Exchange

Head office, P.O Box :325, Abu Dhabi,UAE

Ph:+97126224421

Ph:+97126108888

Al Razouki International Exch. Co,

Head Office,P.O Box : 12583, Al raffa ,Dubai,UAE

Ph: +97143932331

Sharaf Exchange Co

P.O Box:29040, Dubai, UAE

Ph:+97143554560

Dubai Exchange Centre

P.O Box: 844

Dubai, UAE, Ph: +971-42246949

Lulu International Exchange LLC

P.O Box 4059, Plot No. C-210

Muroor Road, Abu Dhabi, UAE

Ph: +97126421800

Union National Bank

P B 3865, AbuDhabi, UAE, Ph: +9715026741600

Delma Exchange,

P O Box 129869,Abu Dhabi, UAE

P H No + 97126225511

UAE Exchange Centre, Kuwait

P.O Box: 26155 Postal Code:13122

Safat ,Kuwait, Ph: +96522459417

National Exchange Co,

P.O Box:11520 Postal Code 15355

Dasma Kuwait

Ph: +9655736603

Majan Exchange LLC

P.O Box 583 , Postal Code 117

Sultanate of Oman,Ph:+96824794017

Oman and UAE Exch. Centre

Head office, P.O Box:1116

Postal code:131

Sultanate of Oman ,Ph:+96824788924

Musandam Exchange

P.O box:2155, Postal code - 112

Ruwi ,Sulatanate of Oman, Ph: +96824834954

Oman International Exchange

P.O Box : 994 Postal Code 114

Hay Al mina

Sultanate of Oman ,Ph: +96824830893

Muthoot Exchange, P B No 123387,

Millenium Hotel Apartment Building,

Naif signal, Al Musalla Road, Deira Dubai, U.A.E

+97142726339

Remittance facility

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

SIB Express

TT (Swift)

Draft Drawing

SIB Express

SIB Express

Draft Drawing

SIB Express

SIB Express

Draft Drawing

SIB Express

SIB Express

Draft Drawing

SIB Express

Draft Drawing

SIB Express

"Success means having the courage, the determination, and the will to become the person you

believe you were meant to be"

George Sheehan

HADI EXPRESS EXCHANGE (MANAGEMENT SUPPORT BY SOUTH INDIAN BANK)

Head Office

Bur Dubai

Deira Dubai

Sharjah

Ras Al Khaimah

Office-in-charge

Mr. George Paul(General Manager)

1.Mr. Tomy Joseph (Manager)

2.Mr.Rofi.M.F (Assistant Manager)

1.Mr. George Joseph (Manager)

2.Mr.Srijith B Nair (Assistant Manager)

1.Mr. Thomas George (Manager)

2. Mr.Joemon K Poulose (Assistant Manager)

1. Mr. Babu George (Manager)

2. Mr.Shyam S (Assistant Manager)

Address

PB No. 28909, Dubai, UAEMobile : 00971 504516418Email : [email protected] Al Souk Road, Near Abbra Station, Bur Dubai, PB No. 28909, Dubai, UAEMobile: 00971 50 4552871Ph: 009714 3537650/3534802Fax :00971 4 3537660E mail: [email protected]

Mobile: 00971 555214543

Al Murar, Near San Marco Hotel, Deira, PB No. 28909, Dubai, UAEMobile:00971 50 2777345Phone: 00971 4 2716452Fax : 00971 4 2716453Email : [email protected]

Mobile: 00971 555942588

Behind Dr. Sunny Medical CentreNear Rolla Square, PO BOX:69446, Sharjah, UAEMobile:00971 50 4826120Ph:00971 6 5634464Fax: 00971 6 5634474E mail: [email protected]

Mobile: 00971 552125567

Oman Street, Near Modern Laundry, Al Nakheel, P. O. Box. 13240, Ras Al Khaimah, UAEMobile : 00971 50 4867757Phone: 00971 7 2213311Fax: 00971 7 2213313.E mail: [email protected]

Mobile: 00971 555401570

INAUGURATION OF SIB STALL AT GLOBAL VILLAGE, DUBAI

Mr.Naresh Mehta, Consul of India inaugurating our bank's stall at Global Village, Dubai setup in connection with Dubai Shopping Festival in the presence of Mr. Mohammed S Al Hadi, Chairman, Hadi Express Exchange, Dubai Mr.George Paul, General Manager, Hadi Express Exchange and Mr.Sunil Bhatia, CEO, E 4 Entertainment.

Branch NameKarukuttyBanjara HillsManarcadKarim NagarOlarikkaraAllahabadKannur South BazarMundakayamKanhangadThevaraMalaOachiraIrittyCherpulasseryKorattyParipallyKallambalamDelhi Naraina ViharKoothattukulamPattimattomVarapuzhaKolkata Bidhan Nagar Madurai Anna NagarPorurSurat UdhnaGandhidhamPallavaramUdupiMormugao(Vasco Da Gama)Chennai Ashok NagarDispurBangalore Cox Town

Br.Code637652641628649627657640632653647643611648646642644651635636634656625599650631629630633654626655

StateKeralaAndra PradeshKeralaAndra PradeshKeralaUttar PradeshKeralaKeralaKeralaKeralaKeralaKeralaKeralaKeralaKeralaKeralaKeralaNew DelhiKeralaKeralaKeralaKolkataTamil NaduTamil NaduGujarathGujarathTamil NaduKarnatakaGoaTamil NaduAssamKarnataka

ATM (Onsite/Offsite)OffsiteOnsite Opening ShortlyOnsite Onsite Opening ShortlyOpening ShortlyOnsite Opening ShortlyOnsite Onsite Onsite Opening ShortlyOnsite Onsite onsite Opening ShortlyOpening ShortlyOpening ShortlyOnsite onsite Opening ShortlyOpening ShortlyOnsite Onsite Onsite Opening ShortlyOnsite Onsite Opening ShortlyOpening ShortlyOnsite

Phone No.0484-2613121040-233206680481-23733510878-22422240487-23652200532-24203200497-27676450482-82728800467-22058660484-26658500480-28950400476-26900880490-24933220466-22806480480-27330510474-25722230470-2691144011-258951860485-22521920484-26871320484-2516332O97482052100452-2527444044-248259900261-227007202836-229030044-226411090820-25319470382-2500880044-24711288R.O-033-22150366080-25476463

E-Mail [email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@[email protected]@sib.co.in

NEW BRANCHES / ATM STATUS

"Success is simple. Do what's right, the right way, at the right time."

Arnold H. Glasgow

LIBERALISED REMITTANCE SCHEME The Reserve Bank of India had announced a Liberalised Remittance Scheme in February 2004 as a step towards further simplification and liberalization of the foreign exchange facilities available to resident individuals. ¢ As per the Scheme, resident individuals may remit up to USD

200,000 per financial year for any permitted capital and current account transactions or a combination of both. The Scheme was operationalised vide A.P. (DIR Series) Circular No. 64 dated February 4, 2004.

¢ Resident individuals can acquire and hold immovable property or shares or debt instruments or any other assets outside India, without prior approval of the Reserve Bank.

¢ Individuals can also open, maintain and hold foreign currency accounts with banks outside India for carrying out transactions permitted under the Scheme.

¢ The facility under the Scheme is in addition to those already available for private travel, business travel, studies, medical treatment, etc., as described in Schedule III of Foreign Exchange Management (Current Account Transactions) Rules, 2000. The Scheme can also be used for these purposes.

Source: RBI Website

BANK'S FINANCIAL LITERACY PAVILION - VISIT BY RBI GOVERNOR

Our Executive Director Mr. Abraham Thariyan receives Reserve Bank of India Governor Dr.D Subbarao during his visit to the bank's financial literacy pavilion setup in connection with RBI's outreach programme at Vengoor Village , Ernakulam District on 22nd March 2011

While waiting to pick up a friend at the airport in Portland, Oregon, I

had one of those life-changing experiences that you hear other

people talk about -the kind that sneaks up on you unexpectedly.

This one occurred a mere two feet away from me. Straining to

locate my friend among the passengers deplaning through the

jetway, I noticed a man coming toward me carrying two light bags.

He stopped right next to me to greet his family. First he motioned to

his youngest son (maybe six years old) as he laid down his bags.

They gave each other a long, loving hug. As they separated

enough to look in each other's face, I heard the father say, "It's so

good to see you, son. I missed you so much!" His son smiled

somewhat shyly, averted his eyes and replied softly, "Me, too,

Dad!"

Then the man stood up, gazed in the eyes of his oldest son (maybe

nine or ten) and while cupping his son's face in his hands said,

"You're already quite the young man. I love you very much, Zach!"

They too hugged a most loving, tender hug.

While this was happening, a baby girl (perhaps one or one-and-a-

half) was squirming excitedly in her mother's arms, never once

taking her little eyes off the wonderful sight of her returning father.

The man said, "Hi, baby girl!" as he gently took the child from her

mother. He quickly kissed her face all over and then held her close

to his chest while rocking her from side to side. The little girl

instantly relaxed and simply laid her head on his shoulder,

motionless in pure contentment.

After several moments, he handed his daughter to his oldest son

and declared, "I've saved the best for last!" and proceeded to give

his wife the longest, most passionate kiss I ever remember seeing.

He gazed into her eyes for several seconds and then silently

mouthed. "I love you so much!" They stared at each other's eyes,

beaming big smiles at one another, while holding both hands. For

an instant they reminded me of newlyweds, but I knew by the age

of their kids that they couldn't possibly be.

I puzzled about it for a moment then realized how totally engrossed

I was in the wonderful display of unconditional love not more than

an arm's length away from me.

I suddenly felt uncomfortable, as if I was invading something

DON'T HOPE... DECIDE!

sacred, but was amazed to hear my own voice nervously ask,

"Wow! How long have you two been married?" "Been together

fourteen years total, married twelve of those." he replied, without

breaking his gaze from his lovely wife's face. "Well then, how long

have you been away?" I asked the man finally turned and looked

at me, still beaming his joyous smile."Two whole days!"

Two days? I was stunned. By the intensity of the greeting, I had

assumed he'd been gone for at least several weeks - if not months.

I know my expression betrayed me, I said almost offhandedly,

hoping to end my intrusion with some semblance of grace (and to

get back to searching for my friend), "I hope my marriage is still

that passionate after twelve years!"

The man suddenly stopped smiling. He looked me straight in the

eye, and with forcefulness that burned right into my soul, he told

me something that left me a different person. He told me, "Don't

hope, friend... decide!" Then he flashed me his wonderful smile

again, shook my hand and said, "God bless!" With that, he and his

family turned and strode away together.

I was still watching that exceptional man and his special family

walk just out of sight when my friend came up to me and asked,

"What'cha looking at?" Without hesitating, and with a curious

sense of certainty, I replied, "My future!"

Contributed by: Sri.C.T Devis ,DGM-H.O-Marketing Dept.

South Indian Bank has currently arrangement with the following

four leading Money Transfer companies for payment of personal

foreign inward cash remittance under the Money Transfer Service

Scheme (MTSS) of Reserve Bank of India.

1. M/s. Thomas Cook (India) Ltd. for MONEYGRAM transactions.

2. M/s. UAE Exchange & Financial services Ltd. for XPRESS

MONEY transactions.

3. M/s. Wall Street Finance Ltd. for INSTANT CASH transactions.

4. M/s BFC Forex & Financial Services Pvt Ltd for EZREMIT

transactions.

We have now entered into one more MTSS arrangement with M/s

Weizmann Forex Limited, Mumbai, Weizmann Forex Ltd is one of

the Principal agents in India of Western Union Financial Services,

USA.The payment system is an internet based money transfer

where by our NRI customers can remit fund for personal

maintenance of their relatives through Western Union Money

Transfer.

Features of Western Union Money Transfer:

1. It is the fastest way to receive money in India from any part in the

world.

2 . Charges are not payable by the receiver in India.

3. The Correspondent collects the funds in foreign currency and

enters the transaction details in Western Union system and issues

a unique 10 digit MTCN generated from the system to the remitter

abroad.

4. The remitter informs the unique code to the beneficiary in India.

5.

6. Only personal remittances are permissible.

7. Only individual to individual is allowed.

8. The scheme does not envisage repatriation of such inward

remittances.

9. The remittance under the scheme shall not exceed rupee

equivalent of USD 2500.

Amounts upto Rs. 50,000/- may be paid in cash. Any amount

exceeding this limit should be paid by means of crossed (A/c

payee) cheque/demand draft or credited directly to the

beneficiary's account.

The beneficiary can collect the remittance through Western

Union from any of our branches on producing the unique code (10

digits) and a valid identity.

WESTERN UNION MTSS FACILITY

H.O BUILDING INAUGURATION SESSION

Our new ATM at Madurai Airport ( waiting hall) was inaugurated by Mr. K.Sangiah Pandian ,Airport Director ,Madurai Airport in the presence of AGM and Regional head Mr.K.Nanjan and Chief manager Mr.Joly Sebastian.

NEW ATM AT MADURAI AIRPORT

NEW ATM AT LGBI AIRPORT GUWAHATI

Our new ATM at LGBI Airport Guwahati (city side of departure terminal) was inaugurated by Mr.S.C Hota ,Airport Director in the presence of Mr. Niladiri Das, Commercial Manger of Airport, Mr. Jose P varghese, AGM, RO Kolkata, Mr. Antony Roshan, Manager Guwahati Branch.

Sri. Azim Premji, Chairman, Wipro Limited addressing the gathering during inauguration of renovated H.O building

(L to R) Sri. Mohan E.Alapatt (Director), Sri. Mathew L.Chakola (Director), Sri. H.Suresh Prabhu (Director), Dr. N.J. Kurian (Director), Sri. Paul Chalissery (Director), Sri. Abraham Thariyan (Executive Director), Sri. K. Thomas Jacob (Director), Sri. Amitabha Guha (Non-Executive Chairman), Sri. M. Damodaran (Former Chairman, SEBI), Sri. Azim Premji (Chairman, Wipro Limited), Sri. Cheryan Varkey (Executive Director), Dr. V.A. Joseph (MD & CEO), Sri. Davy K. Manavalan (Director), Smt. Suma Varma (Regional Director, RBI, Thiruvananthapuram) during our H.O Building Inaguration session.

RENOVATED HO BUILDING INAUGURATION FUNCTION

INAUGURATION OF NEW REGIONAL OFFICE AT KANNUR

Mr. Y Sudhir Kumar Shetty , Chief Operating Officer, UAE Exchange inaugurating our new Regional office at Kannur on 1st July 2011 in the presence of our Chairman Mr. Amitabha Guha, MD & CEO Dr. V.A Joseph, Mr. Mahesh Chandra Baliga, President, North Malabar Chamber of Commerce, Mr. C V Ravindra Nath, Managing Partner, Kunjhikannan Jewellery, Executive Directors Mr. Abraham Thariyan and Mr. Cheryan Varkey.

Smt. Suma Varma ,Regional Director, RBI, Thiruvananthapuram addressing the gathering during the renovated H.O-Building Inauguration function.

H.O-BUILDING INAUGURATION FUNCTION.

Disclaimer clause : The contents of this newsletter are based on information received from various sources and while compiling every effort has been made to ensure that the information is accurate and authentic. SIB does not accept any responsibility for interpretation of various rules or any errors / omissions in the newsletter.

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BANK & ADDRESS

HSBC BANK USAINTERNATIONAL BANKING DEPT140 BROADWAY, NEWYORK - 10005ABA ROUTING NO. 021001088

THE BANK OF NEWYORK MELLON1 WALL STREETNEWYORK, NY 10286ABA ROUTING NO. 021000018

STANDARD CHARTERED BANK ONE MADISON AVENUENEWYORK, NY 10010-3603ABA ROUTING NO. 026002561CHIPS ABA 0256FED ABA: 026002561

HSBC BANKINTL BRANCH, LONDON EC2P 2 BXIBAN: GB34MIDL40051535832431

COMMERZ BANK AG, KREISERPLATZ60261 FRANKFURT AM MAINGERMANY

STANDARD CHARTERED BANK (GERMANY) GMBHFRANKLINSTRASSE 46-4860486 FRANKFURT/MAIN, GERMANYIBAN: DE40512305000018160002 HSBC BANK AUSTRALIA LTD LEVEL 6, 580 GEORGE STREET SYDNEY NSW 2000, AUSTRALIA

HONGKONG & SHANGHAI BANKING CORPORATION11-1- NIHONBAS HI, 3-CHOME, CHUO - KUTOKYO, 103-0027, JAPAN

THE BANK OF NOVA SCOTIATRADE SERVICES & FINANCIAL INSTITUTIONSGLOBAL TRANSACTION BANKINGKING STREET WEST, TORONTO, ONTARIOCANADA M5H1H1

UBS AGP.O. BOX 8098 ZURICH, SWITZERLANDIBAN:CH660023023003530005Q

SIB'S A/C NO. WITH THEM

000-03881-4

803-3162-716

3582021649001

35832431

400 875107500 EUR

018160002

011-795952-041

009-102385-026

527120260517

0230-35300.05Q

SWIFT CODE

MRMDUS33

IRVTUS3N

SCBLUS33

MIDLGB22

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SCBLDEFX

HKBAAU2S

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INAUGURATION OF ATM AT TRIVANDRUM AIRPORT

Mr. D . Devaraj ( Regional Executive Director, Airport Authority of India) inaugurating our ATM at Trivandrum International airport new terminal in the presence of Mr. G. Chandramouli (Director, Trivandrum international Airport), Mr. C J Josemohan (DGM & Regional Head, Trivandrum Region), and Mr. Maria Francis (Chief Manager, Trivandrum RO)

SOUTH INDIAN BANK OPENS NEW ATM IN MUMBAI AIRPORT

South Indian Bank opened its 486th ATM centre at Domestic Terminal 1B (Departure Gate 1) of Chhatrapati Shivaji International Airport, Mumbai. Dr. Abraham Patani, Chairman, Inga Group of Companies (centre) inaugurated the ATM on 28th March, 2011 in presence of Sri Thomas Joseph K, Deputy General Manager and Regional Head, South Indian Bank, Mumbai (left) and Sri Babu J Panikulam, Assistant General Manager.

"To succeed in life, you need two things: ignorance and confidence."

Mark Twain