South Indian Bank gains after Q1 gross advances jump 11% YoY

5 Jul 2022 , 01:39 PM

The banks gross advances rose 4.76% last quarter over Rs 61,816 crore as of 31 March 2022. The banks total deposits stood at Rs 88,202 crore as of 30 June 2022, up 4% year on year (YoY) and down 1.05% quarter on quarter (QoQ). CASA stood at Rs 30,340 crore as of 30 June 2022, registering a growth of 18% YoY and 2.5% QoQ. CASA ratio improved to 34% in first quarter of FY23 as against 30% posted in Q1 FY22 and 33% in Q4 FY22. South Indian Bank is a major private sector bank headquartered at Thrissur in Kerala, India. It reported a net profit of Rs 272.04 crore in Q4 FY22, steeply higher than net profit of Rs 6.79 crore in Q4 FY21. Total income declined 14.1% YoY to Rs 1,839.38 crore during the quarter. Powered by Capital Market – Live News