Quarterly Updates1 Oct 2026, 04:41 pm
South Indian Bank: Advances Up 18.67%, Deposits Up 18.70% for Q2 FY27
AI Summary
South Indian Bank Ltd has reported provisional business updates for the quarter ended September 30, 2026. Gross advances saw a year-on-year growth of 18.67%, reaching ₹109,519 Crore. Total deposits increased by 18.70% YoY to ₹137,258 Crore. The CASA (Current Account Savings Account) deposits grew by 17.56% YoY to ₹43,310 Crore, with the CASA ratio standing at 31.55%. The bank noted that had a technical write-off of ₹1048 Crore in the quarter ended March 31, 2026, not occurred, the YoY growth in advances as of September 30, 2026, would have been 19.81%. The data is provisional and subject to audit.
Key Highlights
- Gross advances grew 18.67% YoY to ₹109,519 Crore.
- Total deposits increased 18.70% YoY to ₹137,258 Crore.
- CASA deposits rose 17.56% YoY to ₹43,310 Crore.
- CASA ratio stood at 31.55% for the quarter.
- Provisional data subject to statutory audit.
Price Impact
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