South Indian Bank has reported an 11.94% year-on-year (YoY) increase in its gross advances for the quarter ended December 31, 2024. The figure stood at ₹86,965 crore, up from ₹77,686 crore in the corresponding period last year. The growth highlights the bank’s steady expansion in its lending operations.
Total deposits for the private lender grew by 6.28% YoY, reaching ₹1,05,378 crore compared to ₹99,155 crore a year earlier. This indicates a healthy increase in the bank’s deposit base, aligning with its overall growth trajectory.
The bank’s Current Account and Savings Account (CASA) deposits rose by 4.13% YoY to ₹32,831 crore, up from ₹31,529 crore in Q3FY24. However, the CASA ratio slightly declined to 31.16% in Q3FY25, compared to 31.80% during the same period last year. Despite the dip, the bank continues to maintain a significant CASA contribution to its deposit base.
South Indian Bank’s total retail deposits witnessed approximately 9% growth, reaching ₹1.01 lakh crore. CASA deposits for the period grew by 7.81% YoY, totalling ₹33,530 crore. These figures underscore the bank’s focus on strengthening its retail and CASA deposit portfolios.
On January 02, 2025, South Indian Bank share price traded 1.35% higher at ₹25.48 at 11:25 AM (IST), while the BSE benchmark Sensex jumped 686.12 points to 79,193.53. South Indian Bank share price reached a 52-week high of ₹36.91 on January 02, 2024, and a 52-week low of ₹22.27 on November 18, 2024. As per BSE, the total traded volume for the stock stood at 8.90 lakh shares with a turnover of ₹2.27 crore.
At the current price, South Indian Bank shares are trading at a price-to-earnings (P/E) ratio of 5.43x, based on its trailing 12-month earnings per share (EPS) of ₹4.62, and a price-to-book (P/B) ratio of 0.70, according to exchange data. The stock has a beta value of 1.37, indicating its volatility in the broader market.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
