South Indian Bank’s gross advances stood at Rs 80,337 crore (provisional) as of March 31, 2024 (Q4FY24), posting a 11.44% rise in year-on-year (YoY) terms against Rs 72,092 crore as of March 31, 2023 and in quarter-on-quarter (QoQ) basis stood at Rs 77,686 crore as of December 2023.
Total deposits grew 11.21% to Rs 1,01,929 crore (provisional) as of March 31, 2024, as compared to Rs 91,651 crore as of March 31, 2023. On a quarterly basis, the deposits stood at Rs 99,155 crore as of December 2023. CASA stood at Rs 32,654 crore (provisional) as of March 31, 2024, posting 8.03% rise in year-on-year terms against Rs 30,227 crore as of March 31, 2023. CASA Ratio stood at 32.04% (provisional) as of March 31, 2024 as compared to 32.98% as of March 31, 2023.
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.
