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Shares of South Indian Bank are expected to remain in focus on Thursday as the lender reported an 11.94% jump in its gross advances for the quarter ended December 31, 2024 at Rs 86,965 crore versus Rs 77,686 crore reported in the year ago period. Total deposits for the lender increased by 6.
28% YoY to Rs 1,05,378 crore versus Rs 99,155 crore reported in the year ago period. CASA for the bank was up by 4.13% YoY to Rs 32,831 as against Rs 31,529 reported in Q3FY24 meanwhile the CASA Ratio stood at 31.
16% for Q3FY25 versus 31.80% in the year ago period. The private lender informed exchanges as part of its Q3 updates and the numbers are provisional and may change in the final earnings.
Shares of South Indian Bank on Wednesday ended at Rs 25.14 on the BSE, up by Rs 0.12 or 0.
48%. The stock has been a market laggard and risen by 2% in the last one year versus Nifty's returns of 9% in the same period. Stock Trading Masterclass on Value Investing and Company Valuation By - The Economic Times, Get Certified By India's Top Business News Brand View Program Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader View Program Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities View Program Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge View Program Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor View Program Stock Trading Market 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder- Indiacharts.
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In comparison, the bank had posted a net profit of Rs 275 crore during the same period last year. The bank's Net Interest Income (NII), measured by the difference between interest earned and interest expended, grew by 6.3% compared to the previous year, rising to Rs.
882.7 crore from Rs. 830.
6 crore The bank's total retail deposits grew approximately 9%, at Rs 1.01 lakh crore, while CASA (current and savings account) deposits grew 7.81% on year, to Rs 33,530 crore.
Also Read: Stocks to buy in 2025: 66 ideas from top brokerages for your new year portfolio ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel ).
