MoneyWorks4Me

South Indian Bank reports marginal fall in deposits during Q4FY21

09 Apr 2021 Evaluate

South Indian Bank recorded total deposits (provisional) of Rs 82,710 crore in Q4FY21 fall by 0.39% from Rs 83,034 crore a year ago same period. The bank witnessed Gross Advances (provisional) of Rs 60,385 crore in the fourth quarter ending March 2021 (Q4FY21) period, registering 8% fall from advances of Rs 65,524 crore in the corresponding period of the previous year.

The bank's CASA stood at Rs 24,590 crore in Q4FY21 increasing by 18% Year on Year (YoY). While the CASA ratio was at 29.73% in Q4FY21 versus 25.00% in Q4FY20.

South Indian Bank is considered one of the most proactive banks in India with a competent tech savvy team of professional at the core of services.

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