South Indian Bank has reported healthy business growth for the quarter ended June 30, 2026, with both its gross advances and deposits continuing to register double-digit growth, reflecting sustained momentum in its lending and deposit franchise.
According to the bank’s provisional business update, gross advances increased 17.01% year-on-year to ₹1,04,366 crore, while total deposits rose 11.39% to ₹1,25,786 crore.
Advances grow significantly
South Indian Bank’s loan book expanded from ₹89,198 crore as on June 30, 2025, to ₹1,04,366 crore at the end of the first quarter of FY2026-27, highlighting continued credit growth across its businesses.
The bank noted that during the quarter ended March 31, 2026, it had technically written off ₹1,048 crore. Excluding the impact of this technical write-off, the year-on-year growth in gross advances as on June 30, 2026, would have been 18%, instead of the reported 17.01%.
Deposits maintain double-digit growth
The bank’s deposit base increased to ₹1,25,786 crore, compared with ₹1,12,922 crore a year earlier, reflecting an annual growth of 11.39%.
Meanwhile, Current Account Savings Account (CASA) deposits grew 14.61% year-on-year to ₹41,493 crore, up from ₹36,204 crore in the corresponding quarter last year.
CASA ratio improves
The bank also reported an improvement in its CASA ratio, a key indicator of low-cost deposits. The CASA ratio increased to 32.99% as on June 30, 2026, compared with 32.06% a year ago and 32.12% at the end of March 2026, indicating continued strengthening of its deposit mix.
Business momentum remains strong
The latest business update indicates that South Indian Bank has maintained healthy growth across both advances and deposits during the first quarter of FY2026-27.
A stronger loan book, sustained deposit mobilisation and an improving CASA ratio are expected to support the bank’s funding profile and lending operations going forward.
The bank clarified that the business figures disclosed are provisional and remain subject to review by its statutory auditors.