South Indian Bank has released its provisional business metrics for the quarter ended September 30, 2026. The bank reported an 18.67% increase in gross advances to Rs 109,519 crore and an 18.70% rise in total deposits to Rs 137,258 crore. While CASA deposits grew, the CASA ratio saw a marginal decline to 31.55%. Investors should note these figures are provisional and subject to final audit.
South Indian Bank Q2 Business Metrics: Advances Reach Rs 1.09 Lakh Crore
Gross Advances: Rs 109,519 crore (up 18.67% YoY); Total Deposits: Rs 137,258 crore (up 18.70% YoY).
Reader Takeaway: Steady double-digit growth in lending and deposits, though investors should note the minor CASA ratio dip.
What just happened
South Indian Bank released its provisional business figures for the quarter ending September 30, 2026. The bank showed strong growth across both its loan book and its deposit base. Gross advances reached Rs 109,519 crore, compared to Rs 92,286 crore in the same period last year. Total deposits also grew healthily to Rs 137,258 crore, up from Rs 115,635 crore previously.
Why this matters
These figures serve as a leading indicator of the bank's operational health before the full quarterly financial results are published. The bank explicitly clarified that the reported growth in advances reflects an adjustment for a Rs 1,048 crore technical write-off from March 2026. Without this adjustment, the underlying growth in advances would be 19.81%, signaling strong momentum in the loan portfolio.
What changes now
Investors now have a clearer view of the bank's scale as it heads into the full earnings reporting season. The focus will now shift to how this growth in advances has impacted net interest margins and asset quality when the full audit is released.
Context metrics (as of Sept 30, 2026)
- CASA Deposits: Rs 43,310 crore (17.56% YoY growth)
- CASA Ratio: 31.55% (vs 31.86% in Sept 2025)
What to track next
The final audited financial report will be the primary document to verify these figures. Investors should pay close attention to the net interest income and non-performing asset (NPA) disclosures, which will provide the full picture of profitability and loan book health.