Highlights
- Gross advances rose 17.01% year-on-year to Rs. 1,04,366 Cr in Q1 FY27.
- Total deposits increased 11.39% year-on-year to Rs. 1,25,786 Cr.
- CASA ratio improved to 32.99%, reflecting stronger low-cost deposit mix.
South Indian Bank (NSE:SOUTHBANK) has released its provisional business update for the quarter ended June 30, 2026, outlining steady growth in advances and deposits. The data has been disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Prohibition of Insider Trading) Regulations, 2015.
The bank reported gross advances of Rs. 1,04,366 Cr as of June 30, 2026, compared with Rs. 89,198 Cr in the same period last year, representing a year-on-year growth of 17.01%. The management noted that figures are provisional and subject to statutory audit.
Deposit Growth Shows Stable Momentum
Total deposits for the bank stood at Rs. 1,25,786 Cr as of June 30, 2026, compared with Rs. 1,12,922 Cr in the corresponding period last year, marking an 11.39% year-on-year increase.
The growth in deposits reflects steady mobilisation across retail and institutional segments during the quarter. The bank also highlighted sequential improvement compared with March 2026 levels.
CASA Deposits Strengthen Balance Sheet Profile
CASA (Current Account and Savings Account) deposits increased to Rs. 41,493 Cr in Q1 FY27 from Rs. 36,204 Cr in the same quarter last year, reflecting a 14.61% increase.
The CASA ratio improved to 32.99% as of June 30, 2026, compared with 32.06% in the previous year, indicating a marginal strengthening in low-cost deposit composition.
Impact of Technical Write-Off Adjustment
The bank noted that during the quarter ended March 31, 2026, it had undertaken a technical write-off of Rs. 1,048 Cr. It stated that had this adjustment not been made, the year-on-year growth in advances as of June 30, 2026 would have been approximately 18%.
This clarification was included to provide better context for reported loan growth figures.
Provisional Financial Disclosure
South Indian Bank clarified that the disclosed figures are provisional and subject to review by statutory auditors. The update has been shared with stock exchanges as part of regulatory compliance requirements.
The bank continues to disclose periodic business updates in accordance with SEBI listing and insider trading regulations.
Key Risks
- Provisional figures are subject to audit adjustments.
- Loan growth may be affected by asset quality trends.
- Deposit growth depends on market liquidity conditions.
- CASA ratio may fluctuate with interest rate environment changes.
Summary
South Indian Bank reported steady Q1 FY27 business growth, with gross advances rising 17.01% to Rs. 1,04,366 Cr and deposits increasing 11.39% to Rs. 1,25,786 Cr. CASA ratio improved to 32.99%, indicating stable low-cost deposit growth. The bank noted that figures are provisional and include adjustments related to prior technical write-offs.
FAQs
Q: What is South Indian Bank’s gross advances in Q1 FY27?
A: Gross advances stood at Rs. 1,04,366 Cr, reflecting 17.01% year-on-year growth.
Q: How did deposits perform in Q1 FY27?
A: Total deposits increased to Rs. 1,25,786 Cr, up 11.39% year-on-year.
Q: What is the CASA ratio for the quarter?
A: The CASA ratio improved to 32.99% as of June 30, 2026.