Q3 Business Updates: Three banking stocks that will react in today's trading session

Shares of South Indian Bank Ltd., Indian Bank Ltd. and Punjab and Sind Bank Ltd. are in focus on Friday, January 2, after the lenders reported their business updates for the third quarter after market hours on Thursday.

While South Indian Bank's third quarter update was mixed, Indian Bank's numbers were higher than the guidance and Punjab Sind Bank's were within the guided range.

South Indian Bank

The lender's advances growth of ₹96,765 crore was strong sequentially, up 4.9% from the previous quarter's ₹ 92,287 crore. From the same quarter last year, the lender's loan growth stood at 11.3%, which is marginally lower than the management's guided range of 12%.

Deposits increased by 12.2% from the same quarter last year to ₹1.18 lakh crore. The lender's deposit growth figure was higher than the management guidance of 10% growth for the full year.

South Indian Bank's current account and savings account (CASA) deposits witnessed a 14.65% increase to ₹37,640 from ₹32,830 crore in the previous year.

Its CASA ratio increased to 31.84% from 31.15% last year.

Shares of South Indian Bank have risen 47% in the last 12 months.

Indian Bank

Indian Bank reporteda strong business update for the December quarter.

Indian Bank's total business increased 13.4% to ₹14.3 lakh crore in the third quarter from ₹12.61 lakh crore in the year-ago period.

Its gross advances were up 14.5% at ₹6.4 lakh crore from ₹5.59 lakh crore last year. Indian Bank's loan growth was well above the management's guided range of 10% to 12%.

Deposits for the lender also increased by 12.5% year-on-year to ₹7.9 lakh crore from ₹7.02 lakh crore. Deposit growth was also higher than the management's guided range of 8% to 10%.

Shares of Indian Bank were among the best performing PSU Banks in 2025 with gains of nearly 60%. The stock has risen 10x over the last five years.

Punjab and Sind Bank

The lender's total business increased 3.49% sequentially and was up 11.84% from the previous year at ₹2.49 lakh crore.

Its total deposits increased 2.58% sequentially to ₹1.39 lakh crore and were up 9.27% from the previous year, which was in-line with the guidance of 8-10%.

The lender's gross advances jumped 4.66% sequentially and 15.25% from the third quarter last year to ₹1.1 lakh crore.

Its loan growth of 15.2% from the previous year was in line with the guidance of 15-16%.

Shares of Punjab & Sind Bank are down 43% in the last 12 months. The stock has little float in the market, as the government continues to have over 90% stake.

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