Highlights of the call:

Deposits grew 10.28% to Rs 53,441 crore as on December 2015.

Core Deposits increased 17.01% y-o-y to Rs 45,503 crore.

Non-Core Deposits decreased 17.06% y-o-y to Rs 7,938 crore.

Term Deposits increased 8.15% y-o-y to Rs 41,134 crore.

CASA Deposits increased 18.06% y-o-y to Rs 12,307 crore.

Advances grew 9.74% to Rs 40,601 crore as on December 2015.

Advances are growing across regions. Kerala grew 16% and rest of India grew 18%. South India (excluding Kerala) fell 3%.

Agri and MSME advances increased by 20.82% on y-o-y basis.

Home loan Portfolio increased 30.49% on y-o-y basis.

The growth is a reflection of the management's efforts on increasing credit growth through the Retail and SME platforms.

It shall continue to focus on Home Loans and Auto Loans for growth opportunities.

Total income grew 6.4% to Rs 1,560.98 crore in December 2015 quarter.

Net Interest Income increased 27.14% y-o-y to Rs 406.72 crore.

Other Income decreased 4.38% to Rs 153.32 crore.

Restructured Assets stood at Rs 2,236 crore as on December 2015.

Restructured Standard Advances were Rs 1,930 crore against Rs 2,000 crore q-o-q.

Restructured NPA Advances stood at Rs 306 crore against Rs 313 crore q-o-q

Major Restructured standard Advances include Power Distribution Companies which constitute 46% (Rs 885 crore).

Gross NPA rose from Rs 661.27 crore as of December 2014 and from Rs 892.25 crore in September 2015 quarter to Rs 1108.01 crore as of December 2015.

In percentage terms, %GNPA rose from 1.80% as of December 2014 and from 2.24% September 2015 quarter to 2.75% as of December 2015.

Net NPA rose from Rs 379.56 crore as of December 2014 and from Rs 549.56 crore in September 2015 quarter to Rs 715.98 crore as of December 2015.

In percentage terms, %NNPA rose from 1.04% as of December 2014 and from 1.39% September 2015 quarter to 1.80% as of December 2015

Its strategy to focus on Retail & SME Loans will help in curbing NPA's which have arisen out of its past exposures to Corporate Sector.

It hopes to penetrate further in the existing set of customers for retail business.

Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III guidelines stood at 11.70% against 11.38% in December 2014 quarter.

Tier I Capital Ratio was 9.42% and Tier II Capital Ratio was 2.28%.

The bank had total of 831 branches and 1,272 ATM's as on December 2015.

It opened 9 branches during the nine months. It opened 72 ATMs during the nine months.

It will focus on Improving branch profitability.

Retail hub in Cochin will increase focus on housing finance.

Two more hubs will be set up, one in South India and one in North India.

Retail Loans (excluding Gold), Agriculture & SME has grown by 18%.

Around 15% of the agriculture & SME loans are backed by additional security by way of gold.

It is slowly becoming a Banker of choice to SMEs

Cost of deposits fell from 8% in Dec 2014 quarter and 7.53% in September 2015 quarter to 7.38% in December 2015 quarter.

Cost of funds fell from 7.04% in Dec 2014 quarter and 6.71% in September 2015 quarter to 6.55% in December 2015 quarter.

Government's Uday Scheme targeted towards power Discoms will immensely benefit SIB as it as 46% of its standard restructured asset from this segment.

The scheme aims to provide a permanent resolution to Discom issues.

To reduce its restructured asset portfolio the company is shifting of focus from large corporate to SMEs and is defocusing from Power & Infra Sectors. It has also formed a special recovery cell & asset monitoring cell.

Asset quality stress in the corporate sector is bottoming out and due to increased focus on retail lending, stress in the overall loan book is expected to ease.

Provisioning Coverage Ratio stands at 50.29%.

Fresh Slippage / Advances ratio is extremely low across Retail, SME & Agriculture.

Strategy & Road map in place will increase CASA funds.

Its centralized processes will allow branches to focus on garnering low cost funds.

To improve share of other income the bank will focus on increasing banking services for SME, Retail & NRI clients, enhance treasury capabilities & increase bench strength and expand PoS & ATM Network.

To strengthen its SME base the bank will have cluster based approach in industry hubs and dedicated vertical to penetrate SME banking. It has appointed dedicated DGM to ensure focus and better coordination with regions.

The bank hopes to increase the fee income and improve its NIM.

The management firmly believes that the NPA has hit bottom.

It has 2020 vision of creating retail banking powerhouse.

Cost to income ratio is expected to come down to 55% by the end of FY 2016. As of December 2015 it stood at 56.60%.

If the market improves the bank will go for capital raising.

This quarter there was no account in 5/25 scheme. For the nine months it had one account worth Rs 91 crore.

The company has provided completely in line with the RBI guidelines and currently has zero divergence with the RBI.

The decline in Loan-to-Value (LTV) ratio and price volatility has led to the drop in gold loan book.

Business growth target for the year is 15% and for the next year is also 15%, if the current challenging economy continues or else it will try for higher growth target.