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The bank's gross advances rose 3.69% last quarter over Rs 74,947 crore as of 31 September 2023.
The bank's total deposits stood at Rs 99,164 crore as of 31 December 2023, recording a growth 9.37% year on year (YoY) and 2.14% quarter on quarter (QoQ).
CASA stood at Rs 31,529 crore as of 31 December 2023, up 2.80% YoY and rose 1.37% QoQ. CASA ratio declined 204 bps to 31.79% in Q3 FY24 from 33.83% in Q3 FY23 and 32.03% in Q2 FY23.
South Indian Bank is a leading Kerala-based private sector bank with a nationwide presence.
The bank reported 23% rise in standalone net profit to Rs 274.81 crore in Q2 FY24 from Rs 223.10 crore in Q2 FY23. Total income increased by 25% YoY to Rs 2,484.77 crore during the quarter.
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