South Indian Bank reported 18% growth in its gross advances to Rs 70,168 crore (provisional) as of December 31, 2022 (Q3FY23), as compared to Rs 59,226 crore as of December 31, 2021 (on a yearly basis). On a quarterly basis, the gross advances stood at Rs 67,963 crore as of September 2022.
The bank’s total deposits marginally rise 3% to Rs 90,714 crore (provisional) as of December 31, 2022, as compared to Rs 88,348 crore as of December 31, 2021. CASA Ratio stood at 33.84% (provisional) as of December 31, 2022 as compared to 33.21% as of March 31, 2022. CASA Deposits stood at Rs 30,699 crore (Provisional) as of December 31, 2022, posting a 9% rise in year-on-year (YoY) terms as against Rs 28,229 crore as of December 31, 2021.
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.
