South Indian Bank south indian bank is expanding its retail network in the southern region by inaugurating a new branch in Hyderabad. The bank opened the facility at Gachibowli Road, Kondapur, on July 27, 2026, marking its entry into this specific high-growth corridor. This expansion aims to enhance service accessibility for customers in the surrounding residential and commercial areas of Prashant Nagar and the broader Kondapur locality.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The bank notified both the National Stock Exchange of India Ltd. and the Bombay Stock Exchange Ltd. regarding the operational commencement of the new unit. The information was also hosted on the bank’s official website for public access.

Branch Details

The new branch is located in the Ground floor of Plot Numbers 136 and 137, Prashant Nagar, 8th Battalion Road, Gachibowli Road - Kondapur, Hyderabad-500084. The specific details of the opening are outlined below:

Jimmy Mathew, Company Secretary, signed the intimation letter dated July 27, 2026. The reference number for the disclosure is SEC/ST.EX.STT/61/2026-27. The bank’s scrip codes are SOUTHBANK on NSE and 532218 on BSE.

South Indian Bank disclosed on July 23, 2026, that Kotak Mahindra Mutual Fund (KMMF) has crossed the 5% substantial acquisition threshold under SEBI regulations. The mutual fund acquired 14,694,332 equity shares through open market transactions, increasing its stake from 4.5981% to 5.1595% of the bank’s issued equity capital. This move signals sustained institutional interest in the lender’s equity, potentially stabilizing shareholder structure ahead of future market movements.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. KMMF, managed by Kotak Mahindra Asset Management Company Limited, submitted the intimation on July 23, 2026, confirming that the acquisition occurred on July 21, 2026. The bank’s company secretary, Jimmy Mathew, communicated the details to the National Stock Exchange of India Ltd. and BSE Ltd., ensuring compliance with listing norms.

Acquisition Details

The following table outlines the change in KMMF’s holding before and after the recent acquisition:

KMMF is not part of the promoter or promoter group of South Indian Bank Limited. The acquisition was executed entirely through open market purchases, with no involvement of warrants, convertible securities, or encumbered shares. The total diluted share/voting capital of the bank remains unchanged at 2,61,80,66,063 equity shares of ₹1 each.

What the Numbers Show

The jump from 4.5981% to 5.1595% represents a significant institutional commitment, crossing the regulatory threshold for substantial acquisition. This level of holding often indicates confidence in the bank’s long-term fundamentals and governance. With KMMF now holding over 5%, any further acquisitions will require additional disclosures under SAST regulations, providing greater transparency for retail investors. The absence of pledged shares in KMMF’s holding suggests a clean, long-term investment stance rather than short-term trading activity.