South Indian Bank gross advances increase 4% yoy Rs61,815 crore in Q4; Stock skyrockets 11%

6 Apr 2022 , 03:18 PM

South Indian Bank informed the exchanges Tuesday that gross advances as of quarter ended March 31, 2022, increased by 4% yoy to Rs61,815 crore from Rs59,418 crore in quarter ended March 31, 2021.

Total deposits as of March 31, 2022, increased by 8% yoy to Rs89,142 crore from Rs82,711 crore.

The company said that CASA increased 20% yoy to Rs29,601 crore in march 31, 2022 ended quarter from Rs24,590 crore in March 31, 2021 ended quarter. CASA Ratio increased 12% to 33.21% from 29.73%.

Towards close of trade on Wednesday, South Indian Bank Ltd was trading at Rs8.95 per piece up by Rs0.92 or 11.46% from its previous closing of Rs8.03 per piece on the BSE.

The scrip opened at Rs8.05 and has touched a high and low of Rs9.10 and Rs8.05 respectively.