South Indian Bank jumps after its gross advance rises 11% in first quarter of FY23
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South Indian Bank is currently trading at Rs. 7.89, up by 0.28 points or 3.68% from its previous closing of Rs. 7.61 on the BSE.
The scrip opened at Rs. 7.74 and has touched a high and low of Rs. 7.95 and Rs. 7.67 respectively. So far 881955 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.19 on 12-Jul-2021 and a 52 week low of Rs. 7.27 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 7.95 and Rs. 7.56 respectively. The current market cap of the company is Rs. 1649.08 crore.
The Institutions and Non-Institutions held 23.89% and 76.11%, stake in the bank respectively.
South Indian Bank’s gross advance stood at Rs 64,760 crore as of June 30, 2022 (Q1FY23), posting a 11% rise in year-on-year (YoY) terms against Rs 58,320 crore as of June 30, 2021 and in quarter-on-quarter (QoQ) basis stood at Rs 61,816 crore in March 2022. The bank’s total deposits grew 4% to Rs 88,202 crore as of June 30, 2022, as compared to Rs 84,611 crore on a yearly basis. On a quarterly basis, the deposits stood at Rs 89,142 crore as of March 2022.
CASA Ratio stood at 34% as of June 30, 2022 as compared to 33% as of March 31, 2022. CASA Deposits stood at Rs 30,340 crore as of June 30, 2022, posting a 18% rise in year-on-year (YoY) terms against Rs 25,725 crore as of June 30, 2021.
South Indian Bank is considered one of the most proactive banks in India with a competent tech savvy team of professional at the core of services.
