South Indian Bank's loan book jumps 17% to cross ₹1 lakh crore in Q1, deposits up 11%

South Indian Bank reported steady business growth for the first quarter of FY27, with gross advances rising 17.01% year-on-year to ₹1.04 lakh crore from ₹89,198 crore in the corresponding quarter last year. The bank said the figures are provisional and subject to audit by its statutory auditors.

Total deposits increased 11.39% year-on-year to ₹1.26 lakh crore as of June 30, 2026, compared with ₹1.13 lakh crore a year earlier, reflecting continued growth in the bank's deposit base.

CASA deposits stood at ₹41,493 crore at the end of the quarter, registering a 14.61% increase from ₹36,204 crore in the year-ago period. On a sequential basis, CASA deposits also rose from ₹39,621 crore reported at the end of March 2026.

The bank's CASA ratio improved to 32.99%, compared with 32.12% in the previous quarter and 32.06% in the corresponding quarter of the previous year, indicating an improvement in its low-cost deposit mix.

South Indian Bank

noted that it had technically written off ₹1,048 crore during the quarter ended March 31, 2026. Excluding the write-off, the year-on-year growth in gross advances as of June 30, 2026, would have been 18%, according to the bank.

The business update covers the quarter ended June 30, 2026, and provides provisional operating figures ahead of the announcement of the bank's financial results.

On the NSE, South Indian Bank shares closed 0.28% lower at ₹45.50.