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The bank's gross advances rose 2.84% last quarter over Rs 70,117 crore as of 31 December 2022.
The bank's total deposits stood at Rs 91,652 crore as of 31 March 2023, recording a growth 2.82% year on year (YoY) and 1.08% quarter on quarter (QoQ).
CASA stood at Rs 30,215 crore as of 31 March 2023, up 2.07% YoY and down 1.45% QoQ. CASA ratio declined to 32.97% in the fourth quarter of FY23 as against 33.21% posted in Q4 FY22 and 33.81% in Q3 FY23.
South Indian Bank is a major private sector bank headquartered at Thrissur in Kerala, India.
South Indian Bank reported net profit of Rs 102.75 crore in Q3 FY23 as against net loss of Rs 50.31 crore in Q3 FY22. Total income fell 1.53% year on year to Rs 1,864.09 crore in the quarter ended 31 December 2022.
Shares of South Indian Bank rallied 4.79% to settle at Rs 15.32 on Monday, 3 April 2023.
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