South Indian Bank Scales Up Performance in Q1 FY27; Gross Advances Cross ₹1.04 Lakh Crore

Private sector lender The South Indian Bank Limited has announced its provisional business updates for the first quarter of the financial year 2026-27 ending June 30, 2026. The lender reported double-digit annual expansions across its loan portfolio and deposit base, alongside a strong low-cost deposit mobilization.

Robust Loan Book Growth Overcomes Technical Write-Off Impact

The bank's credit operations maintained healthy traction, with Gross Advances rising to ₹104,366 Crore as of June 30, 2026. This represents a robust year-on-year growth of 17.01% compared to the un-audited advances of ₹89,198 Crore logged in the corresponding period of the prior year. Sequentially, the credit book built on its momentum, advancing past the audited milestone of ₹100,274 Crore recorded in March 2026.

The underlying strength of the credit portfolio is notably higher than the primary headline growth. During the preceding quarter ended March 31, 2026, the bank had technically written off an asset value of ₹1,048 Crore. If this adjustment had not been accounted for, the bank's year-on-year credit expansion would have reached a higher rate of 18.00% as of June 30, 2026.

Core Deposits Safely Cross the ₹1.25 Lakh Crore Mark

The bank's liability engine also displayed a strong annual trajectory, effectively strengthening its resource base:

Total Deposits: Aggregate deposit balances safely crossed the major threshold to land at ₹125,786 Crore during the provisional quarter. This performance reflects a steady 11.39% growth rate over the ₹112,922 Crore held at the end of June last year, alongside a sequential expansion over the audited March 2026 figure of ₹123,346 Crore.

CASA Accretion: Low-cost Current Account Savings Account (CASA) balances expanded to ₹41,493 Crore, representing a robust 14.61% year-on-year surge against the previous year's baseline of ₹36,204 Crore.

CASA Ratio Enhancement: Backed by this outperformance in low-cost deposit mobilization, the bank successfully elevated its high-quality CASA ratio to 32.99% for the provisional quarter. This marks an improvement over the 32.06% ratio tracked in June 2025 and the 32.12% achieved at the close of the previous fiscal quarter in March 2026.

The operational parameters released by the lender are provisional and are subject to an independent audit by the Statutory Auditors of the bank before the publication of the final financial statements.

Shares of The South Indian Bank Limited was last trading in BSE at Rs. 45.48 as compared to the previous close of Rs. 45.66. The total number of shares traded during the day was 696933 in over 3714 trades.

The stock hit an intraday high of Rs. 46.44 and intraday low of 45.30. The net turnover during the day was Rs. 32007948.00.

Source : Equity Bulls

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