News: As per exchange filing, South Indian Bank has reported steady performance for Q4FY24 wherein advances growth came at 11.44% YoY to Rs 80337 crore, while deposit accretion were at 11.2 to Rs 101929 crore. CASA ratio has inched up from 31.8% in Q3FY24 to 32.04% in Q4FY24.
Views: Continued steady growth in business is expected to support valuations. While accretion in low-cost deposits remain supportive for margins, constituents of advances remains watchful driving margins.
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