South Indian Bank’s shares rose by 2% after the bank released its business updates for the quarter ending December 31, 2024. The report highlighted strong growth in key financial metrics, including gross advances, total deposits, and CASA (Current and Savings Accounts) ratio.
Key Financial Highlights:
- Gross Advances: ₹86,965 crore, an 11.94% YoY increase from ₹77,686 crore.
- Total Deposits: ₹1,05,378 crore, reflecting a 6.28% YoY growth from ₹99,155 crore.
- CASA Balance: ₹32,831 crore, a 4.13% YoY growth from ₹31,529 crore.
- CASA Ratio: 31.16%, slightly down from 31.80% YoY.
South Indian Bank shares opened at ₹25.27 and reached a high of ₹25.85, with a low of ₹25.25 on the day. Over the past 52 weeks, the stock has seen a high of ₹36.89 and a low of ₹22.27.
As of 9:45 AM, South Indian Bank shares were trading 2.27% higher at Rs 25.72.
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