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South Indian Bank Posts Strong Q3 Growth in Loans and Deposits
South Indian Bank’s Q3 update showed double-digit growth in loans, deposits, and a rising CASA ratio, pointing to stronger core banking momentum.
In its December quarter business update, South Indian Bank reported an 11.27% year on year rise in gross advances to ₹96,765 crore and a 12.17% increase in total deposits to ₹1.18 lakh crore. CASA deposits grew 14.65%, lifting the bank’s CASA ratio to 31.84%, signalling improved low cost fund mobilisation. The growth in core banking metrics as a positive indicator of balance sheet health as lenders navigate competitive pressure in India’s banking sector.