South Indian Bank jumps on recording 12% growth in gross advances in Q3FY25
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South Indian Bank is currently trading at Rs. 25.53, up by 0.39 points or 1.55% from its previous closing of Rs. 25.14 on the BSE.
The scrip opened at Rs. 25.41 and has touched a high and low of Rs. 25.85 and Rs. 25.25 respectively. So far 910843 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 36.91 on 02-Feb-2024 and a 52 week low of Rs. 22.27 on 18-Nov-2024.
Last one week high and low of the scrip stood at Rs. 25.85 and Rs. 24.65 respectively. The current market cap of the company is Rs. 6679.40 crore.
The Institutions and Non-Institutions held 16.72% and 83.27%, stake in the Bank respectively.
South Indian Bank’s gross advances stood at Rs 86,965 crore (provisional) as of December 31, 2024 (Q3FY25), posting a 11.94% rise in year-on-year (YoY) terms against Rs 77,686 crore as of December 31, 2023 and in quarter-on-quarter (QoQ) basis stood at Rs 84,714 crore as of September 2024.
Total deposits grew 6.28% to Rs 1,05,378 crore (provisional) as of December 31, 2024, as compared to Rs 99,155 crore as of December 31, 2023. On a quarterly basis, the deposits stood at Rs 1,05,451 crore as of September 2024.
CASA stood at Rs 32,831 crore (provisional) as of December 31, 2024, posting 4.13% rise in year-on-year terms against Rs 31,529 crore as of December 31, 2023. CASA Ratio stood at 31.16% (provisional) as of December 31, 2024 as compared to 32.08% as of March 31, 2024.
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.
