Hot Pursuit     02-Jan-24
South Indian Bank gains after gross advances rises 10% YoY in Q3
South Indian Bank rose 1.34% to Rs 27.20 after bank’s gross advances jumped 10.83% to Rs 77,713 crore as of 31 December 2023 as against Rs 70,117 crore as of 31 December 2022.
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.

Previous News
  South Indian Bank to discuss results
 ( Corporate News - 12-May-21   11:01 )
  South Indian Bank standalone net profit rises 1018.82% in the June 2022 quarter
 ( Results - Announcements 26-Jul-22   17:57 )
  South Indian Bank receives RBI approval for appointment of Executive Director
 ( Corporate News - 15-Jun-24   13:24 )
  South Indian Bank to table results
 ( Corporate News - 10-Jan-22   17:31 )
  South Indian Bank to hold board meeting
 ( Corporate News - 15-May-24   16:02 )
  South Indian Bank
 ( Analyst Meet / AGM - Conference Call 17-Jan-20   15:19 )
  South Indian Bank
 ( Analyst Meet / AGM - Conference Call 16-Oct-20   17:55 )
  South Indian Bank revises MCLRs across tenors
 ( Corporate News - 19-Mar-21   12:46 )
  South Indian Bank
 ( Results - Analysis 17-Jan-20   15:15 )
  South Indian Bank
 ( Results - Analysis 09-Jul-20   22:46 )
  South Indian Bank reduces reference rate for external benchmark linked loans
 ( Corporate News - 02-Jul-20   13:01 )
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