South Indian Bank announced a 13.07% year-on-year (YoY) increase in gross advances, reaching ₹84,741 crore for the quarter ended September 2024. The bank also saw an 8.62% growth in total deposits, which rose to ₹1,05,455 crore.
Key Financial Highlights (₹ in Crore)
| Particulars | 30.09.2023 (Unaudited) | 31.03.2024 (Audited) | 30.09.2024 (Provisional) | YoY Growth (%) |
|---|---|---|---|---|
| Gross Advances | 74,947 | 80,426 | 84,741 | 13.07% |
| Total Deposits | 97,085 | 1,01,920 | 1,05,455 | 8.62% |
| CASA | 31,100 | 32,693 | 33,583 | 7.98% |
| CASA Ratio (%) | 32.03% | 32.08% | 31.85% | -18 BPS |
The CASA (Current Account and Savings Account) ratio slightly declined to 31.85% from 32.03% YoY. Please note that these figures are provisional and are subject to audit by the statutory auditors of the bank.
