South Indian Bank Q1 FY27: Gross Advances Rise 17% YoY to ₹104,366 Crore
South Indian Bank reported strong Q1 FY27 business performance with gross advances rising 17.01% YoY to ₹104,366 crore and total deposits growing 11.39% to ₹125,786 crore. CASA deposits increased 14.61% to ₹41,493 crore, improving the CASA ratio to 32.99%. The bank noted that a technical write-off of ₹1,048 crore in the previous quarter impacted the reported growth figure, with the underlying advance growth standing at 18%.
*this image is generated using AI for illustrative purposes only.
South Indian Bank reported a 17.01% year-on-year increase in gross advances to ₹104,366 crore for Q1 FY27, the quarter ended June 30, 2026. Total deposits grew by 11.39% to ₹125,786 crore, while Current Account Savings Account (CASA) deposits rose 14.61% to ₹41,493 crore. The CASA ratio improved to 32.99% compared to 32.06% in the same period last year.
The bank disclosed that during the quarter ended March 31, 2026, it had technically written off an amount of ₹1,048 crore. Had this write-off not occurred, the year-on-year growth in gross advances as of June 30, 2026, would have been 18%.
Business Performance
The provisional business updates for Q1 FY27 show growth across key metrics compared to the corresponding period in the previous year. The data is subject to audit by the Statutory Auditors of the Bank.
| Particulars: | 30-06-25 (Unaudited) (₹ in Crore) | 31-03-26 (Audited) (₹ in Crore) | 30-06-26 (Provisional) (₹ in Crore) | Y-o-Y |
|---|---|---|---|---|
| Gross Advances: | 89,198 | 100,274 | 104,366 | 17.01%* |
| Total Deposits: | 112,922 | 123,346 | 125,786 | 11.39% |
| CASA: | 36,204 | 39,621 | 41,493 | 14.61% |
| CASA Ratio (%): | 32.06% | 32.12% | 32.99% | — |
*During the quarter ended March 31, 2026, the bank technically wrote off ₹1,048 crore. Excluding this, Y-o-Y growth in gross advances would have been 18%.
The intimation was submitted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015.
Historical Stock Returns for South Indian Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -8.33% | -4.23% | -0.21% | +2.49% | +43.75% | +276.08% |
How will the technical write-off of ₹1,048 crore impact the bank's asset quality metrics in the upcoming audited results?
What strategies is the bank employing to sustain the improved CASA ratio of 32.99% amid potential interest rate fluctuations?
Will the robust growth in gross advances and deposits translate into higher profitability for Q1 FY27?
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