Thrissur: The lender closed FY26 with healthy momentum across key banking metrics, signaling continued expansion in lending and deposit mobilization despite a competitive environment.
Advances Growth Accelerates
South Indian Bank’s gross advances climbed to Rs 1,01,295 crore as of March 31, 2026, marking a 15.66 percent year-on-year increase. This reflects sustained credit demand and the bank’s ability to scale its loan book. Compared with Rs 96,764 crore in December 2025, the steady quarterly rise suggests consistent traction across segments.
Deposits Show Strength
Total deposits grew to Rs 1,23,346 crore, up 14.71 percent year-on-year from Rs 1,07,526 crore. The increase also builds on the December 2025 figure of Rs 1,18,211 crore, indicating stable inflows. The growth highlights customer confidence and the bank’s continued focus on strengthening its liability franchise.
CASA Momentum Builds
Low-cost deposits remained a bright spot, with CASA rising to Rs 39,621 crore, a 17.47 percent increase year-on-year. The CASA ratio improved to 32.12 percent from 31.37 percent a year earlier, a gain of 75 basis points. This shift points to improving funding quality and better cost efficiency.
Growth Strategy Continues
The consistent rise across advances, deposits, and CASA indicates a balanced growth strategy. The bank appears to be aligning credit expansion with stable deposit mobilization, while gradually improving its mix of low-cost funds to support margins.
The update, shared with stock exchanges, remains provisional and subject to statutory audit. Still, the broad trends underline South Indian Bank’s steady operational progress through FY26 without signaling any abrupt shifts in strategy.
Disclaimer: This article is based on provisional data disclosed by the bank, subject to statutory audit and regulatory review, and should not be considered investment advice or a complete financial assessment.
