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What is the story about?
South Indian Bank on Thursday, January 1, reported steady business momentum for the December quarter, with double-digit growth in both advances and deposits, supported by a healthy rise in CASA balances.
In an exchange filing, the Kerala-based lender said its gross advances rose 11.27% year-on-year to ₹96,765 crore as of December 31, 2025, compared with ₹86,966 crore a year ago. The bank noted that, adjusted for a technical write-off of ₹900 crore carried out in the March 2025 quarter, year-on-year loan growth would have been 12.43%.
Total deposits increased 12.17% YoY to ₹1.18 lakh crore, up from ₹1.05 lakh crore in the year-ago period, reflecting sustained traction in core liabilities.
CASA deposits grew at a faster pace, rising 14.65% YoY to ₹37,640 crore, while the CASA ratio improved by 69 basis points to 31.84%, indicating a gradual improvement in the bank’s funding mix.
The lender clarified that the numbers are provisional and subject to limited review by statutory auditors.
South Indian Bank’s latest update points to improving balance sheet momentum, with deposit growth continuing to outpace advances and CASA accretion providing stability to funding costs.
Shares of the bank ended 0.86% down at ₹37.99 ahead of the announcement.
In an exchange filing, the Kerala-based lender said its gross advances rose 11.27% year-on-year to ₹96,765 crore as of December 31, 2025, compared with ₹86,966 crore a year ago. The bank noted that, adjusted for a technical write-off of ₹900 crore carried out in the March 2025 quarter, year-on-year loan growth would have been 12.43%.
Total deposits increased 12.17% YoY to ₹1.18 lakh crore, up from ₹1.05 lakh crore in the year-ago period, reflecting sustained traction in core liabilities.
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CASA deposits grew at a faster pace, rising 14.65% YoY to ₹37,640 crore, while the CASA ratio improved by 69 basis points to 31.84%, indicating a gradual improvement in the bank’s funding mix.
The lender clarified that the numbers are provisional and subject to limited review by statutory auditors.
South Indian Bank’s latest update points to improving balance sheet momentum, with deposit growth continuing to outpace advances and CASA accretion providing stability to funding costs.
Shares of the bank ended 0.86% down at ₹37.99 ahead of the announcement.
Also Read: South Indian Bank asset quality improves in Q4 and slippages decline
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