South Indian Bank Q2 FY27 Provisional Deposits Up 18.70% to ₹1,37,258 Crore
The South Indian Bank reported provisional Q2 FY27 business updates. Gross advances grew 18.67% YoY to ₹1,09,519 crore. Total deposits rose 18.70% YoY to ₹1,37,258 crore. CASA deposits increased 17.56% YoY to ₹43,310 crore.
The announcement provides important financial updates on advances and deposits, which are crucial for investors and stakeholders to assess the bank's performance.
The bank has shown significant year-on-year growth in key metrics like gross advances and total deposits, indicating positive business performance.
The South Indian Bank Limited has announced its provisional business updates for the quarter ended September 30, 2026. Gross advances saw a year-on-year growth of 18.67%, reaching ₹1,09,519 crore. Total deposits increased by 18.70% to ₹1,37,258 crore. The CASA (Current Account Savings Account) deposits grew by 17.56% to ₹43,310 crore, with the CASA ratio standing at 31.55% for the quarter.
It is noted that during the quarter ended March 31, 2026, the bank had technically written off an amount of ₹1048 crore. Had this write-off not occurred, the year-on-year growth in advances as of September 30, 2026, would have been 19.81% instead of 18.67%.
These figures are provisional and subject to audit by the bank's statutory auditors. The bank has also intimated that this information is available on its website.
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See the model portfoliosA plain-language summary of a public exchange filing by The South Indian Bank Limited. Read the original for the full detail.