South Indian Bank reports 18.67% advances growth and 18.70% deposit growth in September quarter
As filed · The South Indian Bank Limited has informed the Exchange about Business Updates for the Quarter ended September 30, 2026
What happened
FactSouth Indian Bank reported provisional gross advances of Rs.109,519 crore and total deposits of Rs.137,258 crore as of September 30, 2026, representing year-on-year growth of 18.67% and 18.70%, respectively. CASA stood at Rs.43,310 crore, while the CASA ratio was 31.55%; the bank said year-on-year advances growth would have been 19.81% excluding a Rs.1,048 crore technical write-off during the quarter ended March 31, 2026.
Why it matters
CapitSignal interpretationProduction and sales volumes are the operating data behind the next set of reported numbers.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Demand
Revisedwe want to grow this MSME specifically in the 15%-18% kind of a growth trajectory.
we are as of now around 9% growth in either of the segments, which we are sure that we will end the year about 17-18%.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Volume trend against the prior period
- we want to grow this MSME specifically in the 15%-18% kind of a growth trajectory. (management committed by FY27)
- we are as of now around 9% growth in either of the segments, which we are sure that we will end the year about (management committed by FY25)
Evidence
- The South Indian Bank Limited has informed the Exchange about Business Updates for the Quarter ended September 30, 2026(opens the original filing in a new tab)
- Earlier statement · FY25
- Latest statement · FY25
- Earlier statement · FY25
How CapitSignal classified this
- Reasoning:
- The update indicates broadly 18%-plus year-on-year growth in advances and deposits, although the CASA ratio declined from 31.86% on September 30, 2025 to 31.55% on September 30, 2026. The reported figures are provisional and subject to statutory audit.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%