South Indian Bank's Q1 FY26: Strong Deposit & Loan Growth! 📈
Curious about the latest in the banking sector? 🏦 The South Indian Bank Limited (SOUTHBANK), a prominent private sector bank headquartered in Thrissur, Kerala, has just released its provisional business updates for the quarter ended June 30, 2025. These early numbers offer a valuable glimpse into the bank’s operational performance, giving investors and customers a sense of its financial momentum.
Let’s dive into the key highlights from their latest announcement:
Key Provisional Business Updates (Rs. in Crore)
| Particulars | 30.06.2024 (Unaudited) | 31.03.2025 (Audited) | 30.06.2025 (Provisional) | Y-o-Y |
|---|---|---|---|---|
| Gross Advances | 82,580 | 87,579 | 89,201 | 8.02% |
| Total Deposit | 1,03,532 | 1,07,526 | 1,12,922 | 9.07% |
| CASA | 33,196 | 33,730 | 36,204 | 9.06% |
| CASA Ratio (%) | 32.06% | 31.37% | 32.06% |
So, what do these numbers tell us?
1. Gross Advances on the Rise: 💰
The Bank’s Gross Advances, which represent the loans it has extended, grew impressively by 8.02% year-on-year, reaching ₹89,201 Crore by June 30, 2025, compared to ₹82,580 Crore in the same period last year. This healthy growth indicates strong lending activity and potentially increasing demand for credit from various segments.
2. Deposits Showing Solid Growth: 📈
Total Deposits saw a robust increase of 9.07% year-on-year, touching ₹1,12,922 Crore from ₹1,03,532 Crore. This signifies growing customer trust and an expanding funding base for the bank. Higher deposits provide the necessary fuel for the bank’s lending operations.
3. CASA Growth and Stable Ratio: ✅
CASA (Current Account Savings Account) deposits, known for being low-cost funds for banks, also recorded a strong 9.06% year-on-year growth, reaching ₹36,204 Crore. What’s interesting is that the CASA Ratio remained stable year-on-year at 32.06%, and even saw a slight sequential improvement from 31.37% as of March 31, 2025. A stable or improving CASA ratio is generally good news for a bank’s profitability, as it reduces the overall cost of funds.
What’s Next?
It’s important to remember that these are provisional figures. They are subject to a limited review by the Bank’s statutory auditors before finalization. Nevertheless, these early indicators paint a positive picture of The South Indian Bank’s performance in the first quarter of the financial year 2025-26.
For more detailed information, you can always check out the Bank’s official website: www.southindianbank.com.
Stay tuned for more updates from the dynamic world of finance! ✨
source: Corporate Announcement
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