South Indian Bank Reports 15.66% Increase in Gross Advances for Q4 FY26
South Indian Bank Q4 gross advances climbs 16% YoY
Business Standard
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South Indian Bank, a prominent private sector bank based in Kerala, India, reported a 15.66% year-on-year increase in gross advances, reaching ₹1,01,295 crore as of March 31, 2026. The bank's net profit rose 9.5% to ₹374 crore in Q3 FY25, driven by stable core income and higher other income.
- 01Gross advances increased by 15.66% YoY to ₹1,01,295 crore.
- 02Total deposits grew by 14.71% YoY to ₹1,23,346 crore.
- 03Net profit after tax rose by 9.5% YoY to ₹374 crore.
- 04CASA deposits increased by 17.47% YoY, improving the CASA ratio to 32.12%.
- 05The bank operates 948 branches and has a representative office in Dubai, UAE.
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South Indian Bank, headquartered in Kerala, India, reported a 15.66% increase in gross advances, reaching ₹1,01,295 crore as of March 31, 2026, compared to ₹87,579 crore the previous year. The bank's total deposits also saw significant growth, rising 14.71% year-on-year to ₹1,23,346 crore. CASA (Current Account Savings Account) deposits climbed 17.47% to ₹39,621 crore, enhancing the CASA ratio to 32.12%, up from 31.37% in the same period last year. The net profit after tax for Q3 FY25 rose by 9.5% to ₹374 crore, up from ₹342 crore in the previous year, while profit before tax increased by 8.8% to ₹504 crore. Operating profit also saw a boost, rising 10.5% to ₹584 crore due to stable core income and increased other income, which surged by 18.8% to ₹486 crore. Despite these positive results, the bank's stock price fell by 2.61% to ₹35.40 on the Bombay Stock Exchange (BSE).
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The growth in gross advances and deposits indicates a healthy banking environment, which could lead to more lending opportunities for individuals and businesses in Kerala and beyond.
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