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South Indian Bank reported healthy provisional business growth in Q1FY27

ICICIdirect Research 02 Jul 2026 DISCLAIMER

News: South Indian Bank reported healthy provisional business growth in Q1FY27, with gross advances rising to ₹1,04,366 crore, up 17.0% YoY (4.1% QoQ). Total deposits stood at ₹1,25,786 crore, up 11.4% YoY (2.0% QoQ), while CASA deposits increased to ₹41,493 crore, up 14.6% YoY (4.7% QoQ). Consequently, the CASA ratio improved to 33.0% (vs 32.1% in Q4FY26).

View: Credit growth remained broadly in line with industry growth, while continued improvement in CASA balances and mix is likely to support margins. Sustained deposit mobilisation and maintaining the improving liability franchise will remain key monitorables going forward.

Impact: Positive

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