South Indian Bank reported its June quarter business update. The Bank shows slow and steady growth in Gross Advances as well as Total Deposits.
South Indian Bank’s Gross advances stood at 89,201 crore, which is almost 8% higher than the year-on-year from 82,580 crore as of June 30, 2024. The gross advances reported were 87,579 crore in the previous quarter.
South Indian Bank’s Total Deposit stood at 1,12,922 crore, which is almost 9% higher than the year-on-year from 1,03,532 crore as of June 30, 2024. The Total deposits reported were 1,07,526 crore in the previous quarter.
The South Indian Bank’s Current and Savings Account (CASA) deposits stood at 36,204 crore, which is almost 9% higher than the year-on-year from 33,196 crore as of June 30, 2024.
Also Read: IREDA Q1 Update: Loan Book Growth 27%
The South Indian Bank Q4 FY25 results, reporting a 19% Year-on-year rise in net profit to Rs 342 crore. The Bank also reported a net profit of around Rs 1,303 crore in FY25.