South Indian Bank has released its provisional business updates for the financial year ending March 31, 2026. The bank demonstrated strong growth across all key metrics, including gross advances and total deposits. Notably, the bank saw a year-on-year increase of 15.66% in gross advances and a 14.71% rise in total deposits. These figures, while provisional and subject to final audit, reflect a consistent upward trajectory in the bank’s operational performance.
Annual Performance Highlights
For the fiscal year concluding on March 31, 2026, South Indian Bank reported significant expansion in its balance sheet. Gross Advances reached Rs. 1,01,295 crore, marking a robust year-on-year growth of 15.66%. Simultaneously, Total Deposits climbed to Rs. 1,23,346 crore, representing a 14.71% increase compared to the previous year.
Deposit and CASA Trends
The bank’s deposit base continues to show strength, supported by a healthy growth in Current Account Savings Account (CASA) balances. CASA deposits stood at Rs. 39,621 crore as of March 31, 2026, reflecting a solid 17.47% growth year-on-year. Furthermore, the CASA ratio improved to 32.12%, showing an expansion of 75 basis points, which indicates an enhanced ability to mobilize low-cost funds.
Financial Trajectory
The provided figures reflect the bank’s provisional performance and are subject to verification by Statutory Auditors. Compared to the audited figures of Rs. 87,579 crore for Gross Advances and Rs. 1,07,526 crore for Total Deposits as of March 31, 2025, the current results underscore a sustained positive momentum in the bank’s core banking operations throughout the fiscal year.
Source: BSE
