South Indian Bank's advances up 11.3% YoY as of Dec 31; deposits up 12.2%
This story was originally published at 20:08 IST on 1 January 2026
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--South Indian Bank: Gross advances INR 967.65 bln as on Dec 31, up 11.3% YoY
--South Indian Bank: CASA ratio 31.84% as on Dec 31 vs 31.15% year ago
--South Indian Bank: Total deposit INR 1.18 tln as on Dec 31, up 12.2% on yr
MUMBAI – South Indian Bank Ltd.'s gross advances grew 11.3% on year to INR 967.65 billion as of Dec. 31, according to the provisional figures released by the bank Thursday. Its total deposits were up 12.2% on year at INR 1.18 trillion as of Dec. 31. As on Sept. 30, gross advances increased 9% on year to INR 922.86 billion.
The lender's current account savings account ratio rose to 31.84% as of Dec. 31 from 31.15% in the year-ago period, while it was at 31.37% a quarter ago.
"During the quarter ended March, the bank had technically written-off an amount of INR 9 billion," the bank said in the filing. "Had it not been done, the year-on-year growth (in advances) as on Dec. 31, would have been 12.43%." For the quarter ended September, the bank posted a net profit of INR 3.51 billion compared to INR 3.25 billion a year ago. On Thursday, shares of South Indian Bank ended down 1% at INR 37.93 on the National Stock Exchange. End
Reported by Vaishali Tyagi
Edited by Tanima Banerjee
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